Lee & Man Paper Manufacturing Limited Lee & Man Paper Manufacturing Limited (SEHK: 2314) is a Hong Kong-listed investment holding company principally engaged in the manufacture and sale of packaging paper, pulp, and tissue paper products. The company produces a range of core products including kraft linerboard, test linerboard, coated duplex board, white top linerboard, high strength corrugating medium, wood pulp, and tissue paper, primarily serving business-to-business customers in the packaging and corrugated board industries. Founded in 1994 and headquartered in Kwun Tong, Kowloon, Hong Kong, it operates production facilities in Guangdong, Jiangsu, Jiangxi provinces, Chongqing municipality in China, as well as in Vietnam and Malaysia. Geographically, Lee & Man Paper Manufacturing Limited maintains a strong presence in the People's Republic of China while expanding into Southeast Asia through its overseas bases to penetrate export markets and leverage cost advantages in pulp-paper integration. Recently, the company transferred idle land in Jiangsu to affiliate Lee & Man Chemical Company Limited in August 2025 to optimize asset structures and support chemical operations; its Malaysian papermaking lines achieved normal operations to capture export market share; and a subsidiary agreed in November 2025 to sell packaging paper products to affiliates, alongside ongoing exploration of Belt and Road opportunities for international deployment.