We are principally engaged in the manufacture and sale of a variety of customised plywood products according to customers’ orders and specifications.

Our plywood products are used in various industries and can be categorised into (i) general plywood (普通板)used for the manufacture of wooden furniture for home and office; (ii) packing plywood(包裝板)used as packaging material; (iii) structural panels (結構板)used for construction; (iv) floor base (地板基材)used for flooring; and (v) other plywood products, such as concrete panels used for exterior construction. Our Group’s manufacturing operation is conducted in a leased production base located in Jiangmen City, Guangdong Province, the PRC.

We are committed to producing high-quality plywood products to meet international industry standards. As at the Latest Practicable Date, we have obtained JAS certifications for our general-use plywood in 2008 and for low formaldehyde emission structural plywood in 2010 and for low formaldehyde emission concrete forming plywood in 2014, as well as CE certification for factory production control of wood-based panels in 2013. The JAS certification is generally recognised in Japan which indicates our plywood products meet certain standards. We have also obtained CE certification for factory production control for wood-based panels in 2013. The CE certification is generally recognised in Europe, which is a key indicator of a product’s compliance with EU legislation and allows free entrance of products into the European market. By affixing the CE marking on a product, a manufacturer is declaring with sole responsibility, conformity with all of the legal requirements to achieve CE marking and therefore ensuring validity for that product to be sold throughout the European Economic Area, as well as Turkey. We have also been assessed and certified as complying with the chain of custody requirements in relation to“FSC-STD-40-004 V2-1 Standard for Chain of Custody Certificate for purchase of FSC 100% veneer, manufacture (transfer system) and sales of FSC 100% plywood”, first endorsed by the FSC in May 2011 and renewed in June 2012.

We sell our plywood products to customers, which are mainly (a) trading companies, including construction material trading companies and wholesalers; (b) retailers, such as supermarkets, which resell our plywood products to end-users; (c) manufacturers, such as flooring manufacturers and furniture manufacturers; and (d) others, which are individual or corporate end-users. We target and focus on customers in overseas markets, and our major customers are mainly located in Japan, Thailand, South Korea and Hong Kong.