Updated:
Yunhong Green CTI
Yubao Li's family office took Hebei-based plastics manufacturing public via a reverse merger with CTI Industries, operating from Illinois.
Yunhong Green CTI
Yunhong Green CTI was formed in 2017 when Yubao Li, founder of Hebei Yunhong Plastic Industry Group, acquired CTI Industries Corporation through a reverse merger. CTI had operated since 1946 as a manufacturer of foil balloons, latex balloons, and consumer packaging products. Li's family-controlled entity in China specialized in biodegradable plastics and films, and the transaction effectively took that business public on the Nasdaq Capital Market. The combined entity operates two distinct segments: traditional consumer products including balloons, vacuum-sealing systems, and party goods under the CTI brand, and a developing line of biodegradable films and bags marketed as environmentally preferable alternatives. Manufacturing takes place in Illinois and Mexico. The firm has stated a strategic pivot toward compostable and bio-based polymer technologies, though revenue remains heavily weighted toward legacy foil balloon lines sold through big-box retailers and e-commerce channels. Financial disclosures are thin. As a small-cap Nasdaq listing with a market capitalization below $20 million as of early 2025, the company files with the SEC and reports consolidated revenue but does not separately break out the family office's broader asset base or private investment activity. The Li family's controlling stake flows through a series of offshore holding entities. The firm closed a small public offering in August 2023 to fund working capital for biodegradable product development. Li's architecture is unusual for a family office: rather than a private investment vehicle, the family uses a public company shell as the platform for both operating assets and the commercialization of a stated environmental thesis. Governance sits somewhere between a family-controlled conglomerate and a U.S.-listed micro-cap, with the founder serving as Chairman and the family maintaining majority voting control. Whether additional private family capital sits outside the listed entity is not publicly disclosed.
General information
Firm type
Single Family Office
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lake Barrington
Corporate office
Lake Barrington, IL, United States
Principals
Yubao Li
Chairman
Sector focus
Frequently asked questions
Who controls Yunhong Green CTI?
Yubao Li is the Chairman and controlling shareholder. He founded Hebei Yunhong Plastic Industry Group, a China-based manufacturer of biodegradable plastics, which was the operating entity that reverse-merged into the publicly listed CTI Industries in 2017. Li maintains majority voting control through offshore holding companies.
What is the relationship between the U.S. public company and the family's Chinese operations?
The listed entity, Yunhong Green CTI, serves as the public vehicle for the family's combined operations. It includes legacy CTI manufacturing in Illinois and Mexico alongside the biodegradable film technology originally developed within Li's Hebei-based private group. The extent to which additional family assets remain privately held outside the listed structure is not publicly disclosed.
Does Yunhong Green CTI operate as a conventional family office?
No. Rather than a private investment office allocating across asset classes, the family uses a Nasdaq-listed operating company as its primary vehicle. This is a family-controlled industrial company with a public listing — closer to a public conglomerate than a traditional single-family office.
What are the key products and revenue drivers?
The legacy business manufactures foil and latex balloons, vacuum-sealing products, and party supplies sold through major retailers and e-commerce platforms. The firm has spoken publicly about pivoting toward biodegradable films and compostable packaging, but as of 2025, the foil balloon segment remains the primary revenue contributor.
How does the firm's environmental thesis translate into investment activity?
The stated thesis centers on replacing conventional plastic films with bio-based, compostable alternatives. Capital deployment has been directed at commercializing these materials within the company's own manufacturing lines rather than through external venture or growth-equity investing. The firm closed a public offering in August 2023 specifically to fund working capital for this development.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: