Business Development
The following table illustrates the major business milestones and achievements in the founding and development of our Group.

January 2009 Huaxia Lihong was established in Beijing. Its then principal business includes coal inspection.

February 2009 We signed the first contract in providing testing service.
May 2009 We opened our first service center in Tangshan port and established our presence in north China.
April 2010 We expanded our service scope and signed the first contract in surveying service.
January 2011 We opened a service center in Huanghua port, which grows into our largest service center in terms of revenue during the Track Record Period.
November 2011 Huaxia Lihong was first recognized as a “high and new technology enterprise.”
June 2012 We expanded into south China market and opened a service center in Nanjing port, where we received our first order from power generator.
January 2013 We received first order from power generator to perform on-site testing and inspection service.

January 2014 Huaxia Lihong received Laboratory Accreditation Certificate and Inspection Body Accreditation Certificate from the CNAS.

November 2015 We introduced China Dragon as a strategic investor.
December 2015 We entered into a strategic cooperation framework agreement with Shenhua Group, Chinese Society of Inspection and Quarantine and CIC.