About WORLD HOUSEWARE Company

The World Group was founded in 1968 by Mr. Li Daxing. Its business includes cotton cloth and plastic household products for sale in the local market. In 1972, production capacity was increased and production lines were expanded, and products were exported to Germany, the Netherlands, France, the United States, Canada and Australia. In 1985, in response to the domestic opening-up policy, the company opened a processing plant in Pingshan Town, Bao'an County, Shenzhen, Guangdong Province, China. In 1991, it invested HK$0.22 billion to establish World Plastic Placemats (Baoan) Co., Ltd., purchased about 70,000 square meters of land in Pingshan Town, built about 91,000 square meters of factory, dormitories and offices and registered it as a wholly owned domestic company and purchased automated factory equipment and machines to carry out high-quality production. It has about 1,800 employees in the Pingshan Town plant to cooperate with the group in designing, manufacturing and marketing various PVC and cloth household products to distributors, home designers, department stores and chain stores around the world, such as Walmart in the United States. Kmart, Bed Bath and Beyond, Dollar General and Target, and Woolworth, Tedox and Deka in Europe and the UK. The current registered capital has reached HK$0.36 billion. In 1993, the company's shares were successfully listed and traded on the Stock Exchange of Hong Kong Limited. The stock code is 713. In 1994, about HK$0.2 billion was invested to establish Nansu Building Materials & Plastic Products (Shenzhen) Co., Ltd., and purchased about 210,000 square meters of land in Shanxia Village, Pinghu Town, Longgang District, Shenzhen to build a 90,000 square meter plant to produce PVC pipes and fittings to supply the Hong Kong and domestic markets. In 2002, another HK$0.13 billion was invested to establish Nansu Building Materials & Plastic Products (Changshu) Co., Ltd., and purchased 113,000 square meters of land in Shanjie Village, Wangzhuang Town, Changshu City to build a 45,000 square meter plant to expand the supply of PVC pipes and fittings business to south-central China and similar regions. In 2004, it invested HK$0.11 billion to establish South China Renewable Resources (Zhongshan) Co., Ltd., which owns about 140,000 square meters of land in Yongbian Village, Shaxi Town, Zhongshan City. The company has set up a team of experts to develop environmental protection business based on the production of traditional household products, and has obtained a number of technical patents. Most of the technology has been applied in production to achieve environmentally friendly and clean production, turn waste into treasure, and achieve economic benefits. The Group is headquartered in Hong Kong, China, and has about 50 employees, managing domestic and foreign business. The Group's net assets are about HK$1 billion, the total number of employees is about 2,300, and the annual turnover is about HK$1 billion.