Zhejiang Tanfu New Energy Co., Ltd.

Zhejiang Tanfu New Energy was established in July 2013. The land factory building at No. 2 Huabu Road in the industrial park where it is located is held by Mingyuan Wood Industry Company. Since its establishment, the company has adhered to the principles of honest management, down-to-earth, and technology priority. The company has been committed to the research and development and industrial development in the field of biomass new energy conversion technology (renewable energy). The quality of its main product (barbecue charcoal) currently ranks among the best in the country. The International Bamboo and Rattan Center under the National Forestry and Grassland Administration cited our unit's products as scientific and technological appraisal results and reported them to the Ministry of Science and Technology. The Bamboo and Rattan Center has determined that in 2020, it plans to establish a (formed charcoal) standards committee led by domestic companies with the best production quality such as Jinggangshan Laigan New Energy Co., Ltd. and Zhejiang Tanfu New Energy Co., Ltd. The national standards for this type of products are basically formulated with reference to our company's corporate standards. The barbecue charcoal produced by the company has also obtained SGS product testing certification and FSC forest certification. Since 2015, with the deepening of technology research and development, the company's controlling shareholder, Shanghai Laigan New Energy Co., Ltd., has gradually increased its investment in R&D funds. By December 2019, the cumulative investment in Zhejiang Tanfu New Energy Co., Ltd. reached more than 17 million yuan. Including the research and development expenses of Hailaigan Company headquarters, the total R&D expenses reached more than 40 million yuan. In recent years, the performance of small and medium-sized enterprises has generally declined, and profit and tax growth has been sluggish. Under the correct guidance of the Kaihua County Party Committee, County Government, and Park, our company has increased investment in research and development and the development of new customers, and its business has grown rapidly. Especially in the second half of 2019, product sales are in a good situation where supply exceeds demand.