About STEEDORIENTAL Company

The Group's main business is the manufacture and sale of plywood products tailored to customer orders and specifications, including various types of plywood used in different industries. The Group's plywood products can be divided into: (i) ordinary boards, used to manufacture wooden furniture for home and office; (ii) packaging boards, used as packaging materials; (iii) structural boards, used in construction; (iv) floor substrates for flooring; and (v) other plywood products, such as cement boards for exterior construction. The Group operates manufacturing operations at a leased production site located in Jiangmen City, Guangdong Province, China. The Group strives to produce high-quality plywood products that meet international industry standards. On the last practical date, the Group obtained Japanese agricultural standard certification for ordinary boards, structural boards with low formaldehyde emissions, and cement boards with low formaldehyde emissions in 2008, 2010 and 2014, respectively; and obtained CE certification for production control in wooden board factories in 2013. CE certification is widely recognized in Europe and is the main indicator for products to comply with EU laws. Through this certification, products can flow freely in the European market. After the CE mark is attached to the product, the manufacturer states that it assumes all responsibility and complies with all requirements for obtaining the CE mark, thus ensuring that the product concerned can be legally sold within the European Economic Area and Turkey. At the same time, the Group has been assessed and certified, and complies with the production and marketing supervision chain requirements relating to the “FSC-STD-40-004 V2-1 standard for purchasing 100% FSC veneer, manufacturing (transfer system) and selling 100% FSC plywood”. The relevant certification was first issued by the FSC in May 2011 and renewed in June 2012. The Group sells plywood products to customers, which are mainly (a) trading companies, mainly building materials trading companies and wholesalers; (b) retailers, such as supermarkets, where such customers resell plywood to end users; (c) manufacturers, such as floor makers and furniture manufacturers; and (d) others, that is, individual customers or corporate end customers. The Group targets and focuses on customers in overseas markets. The main customers are mainly located in Japan, Thailand, South Korea and Hong Kong, China.