Practical and innovative to create a more prosperous future

On April 8th, 1998, Nanhai Nanchu Nonferrous Metal Trading Co., Ltd. was established and became a warehouse designated by Shenzhen Nonferrous Metal Futures Exchange for delivery. It was the former Guangdong Nanchu Warehousing Management Co., Ltd.

In 1998, we prepared to launch warehousing financing business. After establishment of the Company, we began to promote this new type of business and successfully developed warehousing financing business in 2000.

 In February 2004, the registered capital of the Company was increased from RMB 3 million to RMB 21 million. After reorganization, the Company introduced strategic investors, diversified its ownership structures and optimized its management structure. Nanhai Nanchu Nonferrous Metal Trading Co., Ltd. was then renamed Guangdong Nanchu Warehousing Management Co., Ltd.

In April 2005, the Company’s capital was increased from RMB 21 million to RMB 31 million, which further ensured smooth construction of new goods yards, improved our company’s creditworthiness to banks and clients, and enhanced its intra-industry competitiveness.

On May 25th, 2005, we were transferred all assets of the coalyard (located at No. 166, Foluo Road, Chancheng District, Foshan City, Guangdong) from Foshan Fuel Co., Ltd. This coalyard was reorganized to be the warehouse for Shanghai futures delivery of our company, which consolidated the basis of Nanchu’s future prosperity.

On August 26th, 2005, shareholders and representatives of shareholders of the Company attended the third session of the ninth special meeting and adopted the motion of “establishing Tianjin Subsidiary of Guangdong Nanchu Warehousing Management Co., Ltd. and increasing the capital to RMB 41 million”.

 On October 1st, 2005, Tianjin Subsidiary was officially established to lay a solid foundation for national expansion of the Company.

In January 2006, Nanchu goods yard (located at No. 166, Foluo Road, Chancheng District, Foshan City) was officially put into use, which immensely upgraded the level of hardware facilities.

In July 2006, Hangzhou Representative Office and Ningbo Representative Office were officially established. Due to smooth marketing expansion, a good foundation was laid for the establishment of Shanghai Subsidiary.

In September 2006, Nanchu Warehousing was officially established to be a public bonded warehouse governed by Foshan Customs, which further enriched the business types of the Company.

In March 2007, Nanchu Warehouse officially became the warehouse designated by Shanghai Futures Exchange for zinc delivery. Being the first warehouse for zinc delivery in South China, we will strive provide our clients with more optimized services.

In August 2007, the company of Shanghai has formed that will improve the business activities of eastern China market.