Xinsheng Group subsidiary Hengsheng Packaging and Dongfang Precision Group subsidiary Fosber Asia held a Strategic Contract Signature Conference

DEYANG,China,April 14,2021 -- On Apr. 12th,2021,Xinsheng Group subsidiary Hengsheng Packaging and Dongfang Precision Group subsidiary Fosber Asia held a Strategic Contract Signature Conference. Mr. Deng Jianbin,Group chairman and CEO of Xinsheng and Mr. QiuYezhi,Global CEO of Dongfang Presicion both represented their company and signed the cooperation agreement. More than 60 people,including Mr. KK Law,Sales Director of Fosber Asia,and representatives of the management team of Xinsheng Group,attended the signing ceremony to witness the important strategic cooperation between the two parties.

Ms. Qiu Yezhi & Mr. Deng Jianbin

With this signing ceremony,Hengsheng Packaging,a subsidiary of Xinsheng Group,has invested the "intelligent corrugated cardboard production line" and cooperated with Fosber Asia tocompose a new chapter of "Intelligent Manufacturing". It is learnt that the newly introduced Fosber production line is equipped with a number of high-tech intelligent technologies,including intelligent adjustment,automatic control and other functions,which can avoidvarious problems that caused by corrugated shapes and ensure the production withbetter flute and higher-strength corrugated cardboard.

Ms. Qiu Yezhi,Global CEO of Dongfang Precision Group,expressed her confidence on cooperating with Xinsheng Group: "Dongfang Precision Group and Xinsheng Group have had a long-term friendship of 11 years. I firmly believe that Chairman Deng's positioning of building the largest packaging technology industrial park in western China is very accurate and the plan is scientific and reasonable. Market surely exists. Xinsheng Group has the strength to integrate resources,takes the lead in introducing advanced equipment and talents,and seizes market opportunities,the Group's dream will surely be reflected in reality."

At the ceremony,Mr. Deng Jianbin,Chairman and CEO of Xinsheng Group,releases Xinsheng Group's 5-year strategic plan for the packaging unit – to create the largest packaging industrial park that covers nearly 1,000 acres in western China. He said that the investment on Fosber's "Intelligent corrugated cardboard production line" will further strengthen the comprehensive competitiveness of the group's paper packaging business.