The following table illustrates the key milestones of business development of our Group:

2014 February Grant of JAS certification for low formaldehyde emission concrete forming plywood
2013 June Grant of CE certification regarding factory production control for wood-based panels
2012 August Establishment of Million Champ Holdings by CD Enterprises
2011 May Grant of FSC certification for “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”
July Establishment of Profit Chance by CD Enterprises
2010 June Grant of JAS certification for low formaldehyde emission structural plywood
2008 January Grant of JAS certification for plywood for general use;
April Establishment of CD Enterprises Company Limited and Sunchance International Industrial Limited
2004 July to September Entry into the Japan, Thailand, South Korea, Taiwan and Singapore markets
2003 March Incorporation of Million Champ Trading Limited;
October Establishment of Jiangmen Changda Wood Products Co., Ltd. by Million Champ Trading, as our PRC operating subsidiary