Since we commenced operations in 1999, we have established a proven track record of robust growth. We initially focused on the international market, quickly established our company as a leading lead-acid battery exporter, and in 2009 were China's largest exporter of lead-acid batteries products. Competing in the international market has facilitated our efforts to improve our product quality, develop and deploy new technologies, build strong relationships with customers and establish our reputation as a manufacturer of high quality battery products. Following the successful development of our export business, we began to leverage the experience we had gained to increase our market share in China's domestic market. We have since become a major supplier to key customers in China's telecommunications industry such as China Mobile, China Unicom, China Telecom and ZTE.  

The following are important milestones in the history of our business development to date:

• In April 1999, our founder, Mr. Dong, established Shenzhen Leoch and we commenced our operation.

• In 2000, we established our U.S. office, signifying our efforts to develop our presence in the international market.

• In 2001, we began to supply our products to the telecommunications industry.

• In 2003, we established our Jiangsu research and development center.

• Commencing from 2005, we began to increasingly focus on sales into China's domestic market.

• In 2008, we established our Zhaoqing research and development center.

• In 2008, we began to supply to the renewable energy industry.

• In 2010, we established Leoch Europe in the U.K.