We relocated our Tangxia Factory to Changping Factory
IES Engineering (Hong Kong) Ltd ‘s thermal hydraulic testing centre in our workshop in Tai Po has been approved by AHRI for conducting certification tests on liquid to liquid heat exchangers
IES Engineering (Hong Kong) Ltd’s self-manufactured plate heat exchangers were awarded with the AHRI Standard 400 certification
We acquired the remaining 50% issued share capital of IES Asia from Rudert. As such, IES Asia and IES Hengaoda Technology (Dongguan) Ltd became wholly owned subsidiaries of our Group.
We developed our industrial grade plate-and-shell type heat exchangers.
We established IES Heat Exchanger (Shanghai) Ltd, our operating subsidiaries in the PRC
We established IES Heat Exchanger (Guangzhou) Ltd, our operating subsidiaries in the PRC
We established IES Engineering (HK) Ltd, our operating headquarter in Hong Kong
We established IES HVAC Equipment (Macau) Ltd, our operating subsidiary in Macau, for provision of maintenance services of heat exchange system
To expand our production plant, we moved our production from our factory in Zhangmutou to our Tangxia Factory
We entered into a joint venture, namely IES Asia (formerly known as IES Rudert (Asia) Limited), with Rudert, a German heat exchange brand, and commenced the manufacturing of calorifiers and water storage tanks with the establishment of IES Hengaoda Technology (Dongguan) Ltd
We established IES Engineering (S) Pte. Ltd, our operating subsidiary in Singapore
We established IES Engineering (Macau) Ltd, our operating subsidiary in Macau for supply of heat exchange systems
We set up our first factory in Zhangmutou Town, Dongguan City, Guangdong Province, the PRC to manufacture heat transfer compact units under our own brand name of “IES”
We established IES Dongguan, our operating subsidiary in the PRC
IES (Hong Kong) Limited was incorporated and commenced our trading business of heat exchange systems in Hong Kong