Zhengye International Holdings Company Limited is a manufacturer of paper-based packaging products, which is engaged in the process of recycling of waste paper, manufacturing of corrugated medium paper, and production of paper-based packaging products. It operates in two segments: paper-based packaging, which produces and sells paper-based packaging products, and corrugated medium paper, which produces and sells corrugated medium paper. Its products include paper-based packaging products, which include corrugated cartons and other ancillary products, such as honeycomb paper-based products, and are suitable for the packaging of consumer products, in particular household air-conditioners and other small household appliances; and corrugated medium paper. On March 4, 2011, it became holding company through its acquisition of 51%, 25%, 20% and 4% interest of Zheng Ye (BVI) from Hu Zheng Investment, Hu Hancheng Investment, Hu Hanchao Investment and Hu Hanxiang Investment respectively.