Wenzhou Zhiye Packaging Co., Ltd. was founded by Chenguang Group, the top 1 plastic weaving company of China in 2016. The company is located in Xiaojiang, China, the plastic weaving capital of China, which is surrounded by mountains and sea and has beautiful scenery. The registered capital is 116.88 million yuan. Obtained the 2020 provincial major industrial project - an energy-saving and environmentally friendly plastic packaging production line with an annual production capacity of 200,000 tons, covering a total area of 288.6 acres, a total investment of 1.68 billion yuan, and an estimated annual output value of approximately 2.8 billion yuan. In July 2020, the first phase of the modern standard workshop covering an area of 102 acres and a construction area of 200,000 square meters was obtained. The investment amount is approximately 750 million yuan. It will be officially put into production in August 2023, with an estimated annual output value of 1 billion yuan.