In 1993, Zhanjiang Economic and Technological Development Zone Xinya Industrial Co., Ltd. and Hong Kong Huaheng Development Company *** jointly established Zhanjiang Guanhao Paper Co., Ltd. (a Sino-foreign joint venture), with investment ratios of 65% and 65%, respectively. 35%.

· In 1995, Guanhao Company was completed and put into production, specializing in the production of carbonless copy paper, thermal recording paper and other special papers and microcapsules, and won the title of "Guangdong High-tech Enterprise"; at the end of the same year, Zhanjiang Xingang Special Paper Co., Ltd. was established, specializing in processing and printing special papers.

· In 1996, Guanhao Company successfully developed thermal fax paper, filling the domestic gap, and was included in the national Torch Plan project.

· In 1997, Zhanjiang Economic and Technological Development Zone Xinya Industrial Co., Ltd. and Hong Kong Huaheng Development Company transferred 26% and 25% of their investment in Guanhao Company to Hong Kong Feilong International Investment Co., Ltd. (Guangdong) respectively. Guangdong Finance Investment Co., Ltd.'s wholly-owned subsidiary in Hong Kong). After the transfer, Feilong Company, Xinya Company, and Huaheng Company respectively held 51%, 39%, and 10% of Guanhao Company's investment; in the same year, Guanhao Company was recognized As a national key high-tech enterprise, microcapsules for carbonless copy paper are included in key national Torch Plan projects, and the supporting project - Zhanjiang Guanlong Paper Co., Ltd.'s annual output of 50,000 tons of high-grade coated base paper project is under preparation.

In 1997, the company's carbonless copy paper microcapsule project was included in the "97 Key National Torch Plan Projects" by the State Science and Technology Commission, and was awarded the only one in my country so far by the world-famous chemical group - German BASF. The "Quality Certificate" issued by the company for the production of microcapsules; the "Guanhao" brand carbonless copy paper produced by the company was rated as "Guangdong Province Famous Brand Product".

· In 1998, the second expanded coating production line of Guanhao Company was completed and put into operation, with an annual production capacity of 23,000 tons; in the same year, the Engineering Technology Research and Development Center was established.

· In 1999, the joint-stock reform was completed, and Zhanjiang Guanhao Paper Co., Ltd. was changed from a limited liability company to a joint-stock company - Guangdong Guanhao High-tech Co., Ltd.; in the same year, Guanhao High-tech obtained the German ISO9001 quality management system certification issued by TUV.

· In 2000, Guanhao High-tech passed the double review recommended by the Chinese Academy of Sciences and the Ministry of Science and Technology of China as a high-tech enterprise to be listed; and passed the ISO10012 measurement system certification.

· In 2002, Guanhao High-tech passed the issuance review meeting of the China Securities Regulatory Commission; the "Guanhao" trademark won the title of famous trademark of Guangdong Province; the 700,000-ton pulp project made breakthrough progress, investment ratio and funding sources Get clarity.

In 2003, with the approval of the China Securities Regulatory Commission, Guanhao High-tech made its initial public offering and was listed on the Shanghai Stock Exchange with the securities code "600433" and the securities abbreviation of "Guanhao High-tech".

· In 2004, the company's expanded third coating production line was completed and put into operation, with an annual production capacity of 65,000 tons.

· In 2005, the company introduced the fourth coating production line. After it was completed and put into operation, the company's total annual production capacity reached 125,000 tons.

· In 2006, the company formally implemented the share-trading reform plan and successfully completed the shareholding reform.