Shandong Sunpaepr Industry Jiont Stock, Co., Ltd

Shandong Sun Paper Industry Joint Stock Co., Ltd. is one of the largest privately owned and managed paper business companies, and one of the largest producer of premium coated packaging board in China. Employing more than 7,000 people, Sun Paper has the consolidated asset of USD 0.44 billion and annual capacity of 1.3 million metric tons.

Our main products extend to 150 grades in 3 primary series: premium coated packaging paperboard, industrial based board and office paper. These products are now sold to all parts of China and we have established solid business relationships with associates of more than 10 countries and regions in North America, Europe, Africa and Southeast Asia.

A total of USD 70 million has been invested in the construction of environmental protection facilities, making dual progress in economic and social performance. Another USD 37 million will be spent in the next two years for intensive water purification through sand and high density film filtering, so that the treated water can irrigate farm and timber lands. At the same time, zero fluid emission shall be achieved.

In our development program for the new era, Sun Paper's pulp and paper production will reach 1 million metric tons per year with sales at USD 0.6 million by 2005. Production will grow to 2 million metric tons per year and sales at USD 1.2 billion by 2008. Our company will become one of the 500 leading manufacturers in China and one of the 100 top paper-makers in the world with 2.6 million metric tons per year in production, USD 1.8 billion in sales and USD 0.37 billion in pre-tax and interest earnings by 2010.