China Paper Holdings Limited (China Paper) is an investment holding company. The Company’s subsidiaries are principally engaged in the business of the manufacture and sale of paper and paper chemical products in Mainland China. China Paper operates under two segments: paper manufacturing segment and paper chemicals manufacturing segment. The paper manufacturing segment produces and distributes a variety of paper products, including uncoated printing paper, newsprint paper, coated paper, lightweight packing paper and semi-fi nished toilet paper. The paper chemicals manufacturing segment produces and distributes chemical products used in paper manufacturing process such as sodium hydroxide and liquid chlorine. The range of paper products includes coated and uncoated printing paper, lightweight packing paper, newsprint paper and semi-finished toilet paper. It also sells paper chemical products, such as sodium hydroxide and liquid chlorine.