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Milestones

Nov 2016

Obtained all relevant merger control clearances for the acquisition of the entire share capital in Scholz Holding GmbH

Aug 2016

The closing of the Restructuring Agreement in relation to Scholz Holding GmbH (“Scholz”) took place and the debts of Scholz has been partially released. The Restructuring Agreement has been entered into by, among others, the company and Scholz on 20 July 2016

Aug 2016

Chiho Renewable Development Limited entered into the Share Purchase Agreement with Mr. Oliver Scholz, Mr. Berndt-Ulrich Scholz, Scholz Beteiligungsgesellschaft mbH and TBD Vermögensverwaltungs GmbH to purchase the entire share capital in Scholz Holding

Jul 2016

Completed the debt acquisition of Scholz Holding GmbH

Jun 2016

Assumed the Rights and Obligations from Lenders of Scholz GmbH Group in the United States under the Credit Agreement

May 2016

Offered to acquire the debt of Scholz Holding GmbH

May 2016

Been shortlisted as a constituent of the Morgan Stanley Capital International (“MSCI”) China Small Cap Index

Mar 2016

Completed the acquisition of the entire equity interest in Dalian New Green Recycle & Resources Corporation (DNG). DNG is the only approved recycle processing enterprise in Changxing Island Harbor Industrial Zone in Dalian, the PRC.

Mar 2016

Set up a joint venture with ITOCHU Corporation, a Fortune Global 500 company and SUZUKI SHOKAI Co., Ltd., the largest metal recycler in Hokkaido, Japan

Feb 2016

The Unconditional Mandatory General Cash Offers by USUM Investment Group Hong Kong Ltd. was closed

Jan 2016

Completed the acquisition of Yantai Liheng Environmental Protection Technology Co., Ltd.

Dec 2015

Lu Xin Cheng Clean Energy Limited was incorporated and it is an indirect non-wholly owned subsidiary of the Company.

May 2015

The Second Subscription was completed and USUM Investment Group Hong Kong Limited subscribed 253 million new Shares

Apr 2015

The First Subscription was completed and USUM Investment Group Hong Kong Limited subscribed 203.9 million new Shares and became the single largest shareholder

Jan 2012

The largest metal recycler in the world-SIMS has become a shareholder of Chiho-Tiande Group as a strategic investor

Oct 2011

Gained a loan of $70 million from China Development Bank successfully

Sep 2011

Set up a subsidiary in Yuen Long, Hong Kong, and set foot in electrical waste disposal

Sep 2011

The group share enters Hong Kong Hang Seng Small and Medium-Sized Enterprises Index and Hong Kong Hang Seng Industry Index

Aug 2011

Set up wholly-owned subsidiaries in Yantai Resources Recycling Demonstration Zone, and built a mixed metal processing base with a capacity of 2 million tons

Apr 2011

The group sold out 60 million new shares successfully, and raised a capital of 0.385 billion Hong Kong dollars

Sep 2010

Set up joint venture companies in Shanghai and Hong Kong, set foot in domestic steel scrap recycling and processing field

Jul 2010

The group commenced trading successfully on the Main Board of The Stock Exchange of Hong Kong Limited (HKEx), issued 0.25 billion new shares, and raised 0.6 billion Hong Kong dollars, with the stock code being 00976

2009

Commenced foundry business for copper rods and wires
Commenced metal recycling business in the Ningbo Metals Recycling Park
Received 2008 Top Industrial Enterprise from the Taizhou Luqiao Committee and Taizhou Luqiao People’s Government
Received 2008 National Nonferrous Metal Industry Advanced Enterprise from The Human Resources and Social Security Department of the PRC and China Nonferrous Metals Industry Association
Production capacity of Taizhou facility expanded to 527,242 tonnes

2008

Commenced the Wholesale Business
Production capacity of Taizhou facility expanded to 380,000 tonnes

2007

Received Taizhou Eco-environment Education and Demonstration Region from the Taizhou Environmental Protection Bureau, and Taizhou Eco-construction Action Group
Production capacity of Taizhou facility reached 300,000 tonnes

2006

Received Zhejiang Green Enterprises from the Economic & Trade Commission of Zhejiang Province, Zhejiang Environmental Protection Bureau

2002

The group reconstructed and Hefast was set up

2000

Commenced its business of recycling, reuse and processing of mixed metal scrap in Taizhou

1995

Started to import mixed metal scrap from overseas, mostly from US or Europe, and to process them into recycled metal