Huabao International Holdings Limited was established in 1996 and listed on Hong Kong Stock Exchange (00336.HK) in 2006, with major business in R&D, production and sales of flavours and fragrances (for tobacco, food and personal care), aroma raw materials, tobacco raw materials and ingredients (including RTL, expanded stems and innovative tobacco materials) and condiments. With customer demands as the core and technological innovation as the motivation, Huabao insists the development strategy of “Concentric Diversification” and has become a modernized and internationalized multinational conglomerate.