Hanchang Paper Co.

Hunching Paper Co., Ltd is a Korea-based company engaged in the manufacturing of white duplex boards. The Company produces deluxe art boards, ivory boards, coated white duplex board with gray back, uncoated white duplex boards and functional white duplex boards. Its functional white duplex boards include anion paper, yellow earth paper and jade paper. The Company's products are used in food, cosmetics, clothing, medical, shopping bags, calendars, shoe boxes, video cases and other industrial packaging. During the year ended December 31, 2007, the Company has an annual production capacity of 131, 892 tons of white duplex boards and its actual output was 132, 008 tons of white duplex boards.