Recently, the Xinxiang City People's Government Office published a list of 10 major industrial projects (enterprises) in 2018. China UV Paper Co., Ltd. is included in the “Ten New Investment Start” project for 200,000 tons of paper per year, as well as in the Xinxiang Boo Energy Technology Co. Ltd., which was built in conjunction with my project. The company produces 200,000 tons of paper per year, with a total investment of 400 million yuan, of which 300 million yuan is invested in fixed assets, 300 million yuan in liquidity, 32,300 square metres in total and 40020 square metres in total. Since the approval of the project in June 2017 and the start of construction in July, nearly 80 per cent of the major paper equipment and core systems have been contracted; The main structure of the paper-making and pulp workshops was completed, some of the equipment base plates were pre-filled, 70 per cent of the overall work was completed and the main equipment was scheduled to begin to be installed in a step-by-step manner in May. As a local Xinxiang paper-making enterprise, the UV Paper Project phase will address the 1,280,000 tons/year recycling of recovered fibre on the island and supply 960,000 tons per year for the market demand for varnish paper. The project is expected to include an average of 1,000 million yuan per year from tax sales, 80,000,000 yuan per year from interest tax and an average annual net profit of 130 million yuan, with the first phase of the project providing 120 jobs for local landless farmers.