The following table sets out the key milestones of our development:
| Year | Milestone |
|---|---|
| 2024 | Completion of construction of the biomass power plant in Bangka, IndonesiaCommencement of operations of the biomass power plant in Bangka, Indonesia |
| 2022 | Disposal of Haian Hengfa Facility |
| 2021 | Acquisition of the power supply plant in IndonesiaIncrease in water tariffs for Rugao Hengfa Facility |
| 2019 | Development of biofuel pellet business in IndonesiaIncrease in water tariffs for Haian Hengfa Facility |
| 2016 | Acquisition of the biomass power generation plant in IndonesiaDisposal of Rugao Honghao Facility |
| 2015 | Completion of upgrade works of the Rugao Hengfa FacilityRugao Honghao Facility obtained a permit for sewage discharge |
| 2014 | Listed on the Stock Exchange of Hong Kong (1395.HK)Commencement of the upgrade works of the Rugao Hengfa FacilityCompletion of the upgrade works of the Haian Hengfa Facility |
| 2013 | Acquired the entire issued share capital of Greatcorp, which in turn owned the entire share capital of Rugao Honghao, which operates the Rugao Honghao FacilityEntered into BOT agreement with Haian County Construction Bureau for the Haian Hengfa Facility (Phase II) |
| 2010 | Completion of construction of the Rugao Hengfa Facility (Phase II)Commencement of operations of the Rugao Hengfa Facility (Phase II) |
| 2009 | Commencement of construction of the Rugao Hengfa Facility (Phase II)Entered into BOT agreement with Rugao ETDZ Administrative Committee for the Rugao Hengfa Facility (Phase II)Completion of construction of the Haian Hengfa Facility (Phase II)Commencement of operations of the Haian Hengfa Facility (Phase II) |
| 2008 | Commencement of construction of the Haian Hengfa Facility (Phase II) |
| 2007 | Commencement of operations of the Rugao Hengfa Facility (Phase I) |
| 2006 | Completion of construction of the Rugao Hengfa Facility (Phase I) |
| 2005 | Completion of construction of the Haian Hengfa Facility (Phase I)Commencement of operations of the Haian Hengfa Facility (Phase I) |
| 2004 | Commencement of construction of the Rugao Hengfa Facility (Phase I) |
| 2003 | Commencement of construction of the Haian Hengfa Facility (Phase I)Entered into BOT agreement with the Rugao Economic and Technological Development Zone (“Rugao ETDZ”) Administrative Committee for the Rugao Hengfa Facility (Phase I)Establishment of Rugao Hengfa |
| 2002 | Entered into BOT agreement with Haian County Construction Bureau for the Haian Hengfa Facility (Phase I)Establishment of Haian Hengfa |
