On March 28th, Guangbo Group held a grand ribbon cutting ceremony at its new factory in Penang, Malaysia, marking the official opening of the group's third overseas production base. General Manager Wang Junping personally attended the ribbon cutting ceremony and delivered a speech.

The Malaysian production base is another key measure taken by Guangbo to deepen its global industrial chain layout, following its factories in Vietnam and Cambodia. It mainly produces paper office products for the European and American markets. Against the backdrop of increasingly severe global trade situation, Malaysia has attracted Chinese manufacturing enterprises to accelerate their landing by leveraging its location advantages and industrial policies. Guangbo Malaysia's factory will form a dual linkage with the Vietnam Cambodia base in the future to adapt to the complex and ever-changing international market environment and avoid unfavorable factors in international trade competition.