UCHC Gives Progress Report of an Incubated Project, APT Paper Group Limited

USA - English

• USA - English

SHENZHEN, China, Sept 15 /PRNewswire-Asia-FirstCall/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China, is pleased to reveal the progress of APT Paper Group Limited, one of its incubation projects.

After UCHC acquired APT Paper Group Limited ("the Group"), the sales turnover and gross margin of the Group has increased significantly with continuous flow of customer orders. There are three big factory sites under the Group, including the Shenzhen factory site, the Suzhou factory site and the Qingdao factory site. The Shenzhen factory site is actively improving its management structure and developing its business, and its monthly turnover has reached RMB10 million and is still growing. The Suzhou factory site is actively expanding its customer base; recently, the Suzhou factory site won the order of Taiwan's Kwang Yang Motor with its high quality and punctual delivery, which successfully opens up the market of motorcycle packaging in the Suzhou region. Monthly turnover of the Qingdao factory site has reached RMB8 million, and it has passed the strict supplier evaluation to become one of the four major suppliers of Qingdao Haier. The Qingdao factory site recently planned to acquire the plant and the facilities of production and transportation and office of Qingdao Helike Honeycomb Products Co., Ltd., in order to alleviate its capacity shortage and to complete the orders of Qingdao Haier and Qingdao Fung Choi according to schedule and the required quality.

Mr. Thomas Lee, Chief Operating Officer of UCHC, believes, after going through the incubation efforts in integrating the management and financial structure, the Group has gradually transformed from a family-run business into a professional honeycomb paper packaging company with steady increase in turnover, gross margin and customer orders. UCHC shall continue to support the development and growth of APT into the leader of honeycomb paper packaging industry through the injection of investment funds.

SOURCE Uni Core Holdings Corporation