The principal business of C&D Newin Paper & Pulp Corporation Limited ("C&D Newin", Stock code of the Stock Exchange of Hong Kong: HK.00731) is paper manufacturing. It wholly owns Universal Pulp & Paper (Shandong) Co. Ltd., Hong Kong Jarfot Paper&Pulp International Trading Co., Limited and Xiamen Jarfot Paper&Pulp International Trading Co., Limited. UPP produces High Quality Coated Duplex Board, Kraftliner and Testliner with an annual capacity of over 500,000 tonnes and operates a power plant and sewage treatment plant. Hong Kong Jarfot and Xiamen Jarfot are responsible for pulp and paper trading and supply chain services. On the trading front, C&D Newin will focus on developing overseas pulp and paper trading business and explore other product categories in response to market opportunities to build momentum for its medium-to-long term development.