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Xinjiang Lihua Cotton Industry Co., Ltd. introduced new shareholders in the form of private placement and increased its registered capital to 106.45 million yuan.

Xinjiang Lihua Cotton Industry Co., Ltd. and Xinjiang Zhongtai Group Co., Ltd. jointly invested 10000 yuan to establish Xinjiang Zhongtai New Silk Road Agricultural Investment Co., Ltd., of which the company invested 20million yuan, accounting for 20%, and continued to expand the cotton planting and textile industry in Tajikistan.

Xinjiang Lihua Cotton Industry Co., Ltd. established Lihua cotton (Hong Kong) Limited in Hong Kong to cooperate with Jingu agricultural consortium Co., Ltd. to implement the import business of cotton.

Xinjiang Lihua Cotton Industry Co., Ltd. and the local government jointly invested 10million somoni in Tajikistan to establish the Golden Valley Agricultural consortium limited liability company, of which the company invested 7million somoni, accounting for 70%, and implemented a large-scale cotton planting and processing project in Tajikistan.

Xinjiang Lihua Cotton Industry Co., Ltd. and some cotton processing enterprises in Bazhou, Xinjiang jointly invested 100million yuan to establish Xinjiang Huijin Logistics Co., Ltd., of which the company invested 11million yuan, accounting for 11%, as the largest shareholder, and began to get involved in the warehousing and logistics of cotton.

Xinjiang Lihua Cotton Industry Co., Ltd. acquired Yuli County Jiujiu Cotton Industry Co., Ltd., Shaya Jiujiu Cotton Industry Co., Ltd. and Aksu Jiujiu Cotton Textile Co., Ltd. under Bailong Oriental by means of equity mergers and acquisitions at a price of 130 million yuan, forming Yuli County Jiujiu Cotton Industry Co., Ltd., Shaya Jiujiu cotton industry Co., Ltd., a wholly-owned subsidiary of Xinjiang Lihua Cotton Industry Co., Ltd Aksu Jiujiu Cotton Textile Co., Ltd.

Changji Lihua Cotton Industry Co., Ltd. acquired two cotton processing plants under Changji jinxiyu Cotton Industry Co., Ltd. and a cotton processing plant under Changji xinheliang cotton processing Co., Ltd. by means of asset acquisition at a price of 72 million yuan, forming the current Changji laolonghe branch of Changji Lihua Cotton Industry Co., Ltd., Changji Dianba ginning plant, and Changji Development Zone ginning plant.

Shanghai Lihua Xinchuang International Trade Co., Ltd. established a wholly-owned subsidiary L & H cotton Australia Pty Ltd in Australia to cooperate with Shanghai Lihua Xinchuang International Trade Co., Ltd. in international trade.

Xinjiang Lihua cotton Co., Ltd. and Shanghai Lihua Xinchuang International Trade Co., Ltd. set up a wholly-owned subsidiary Lihua cotton U.S.A., Inc. in the United States to cooperate with Shanghai Lihua Xinchuang International Trade Co., Ltd. in international trade.

Xinjiang Lihua Cotton Industry Co., Ltd. established a wholly-owned subsidiary Changji Lihua Cotton Industry Co., Ltd. in Changji Prefecture, Xinjiang, with a registered capital of 20million yuan.

The company was recognized as a national key leading enterprise of agricultural industrialization by the National Joint Conference on agricultural industrialization.

Korla Lihua Cotton Industry Co., Ltd. completed the joint-stock reform, and changed into Xinjiang Lihua Cotton Industry Co., Ltd. in the way of converting net assets into shares, and increased its capital to 85million yuan.

Korla Lihua Cotton Industry Co., Ltd. established a wholly-owned subsidiary Urumqi Lihua Cotton Industry Co., Ltd. in Urumqi, Xinjiang, with a registered capital of 20million yuan.

Korla Lihua Cotton Industry Co., Ltd. invested 5million yuan in Yuli County, Bazhou to establish a wholly-owned subsidiary Yuli County Xinchuang agricultural science and Technology Development Co., Ltd. to carry out the production business of agricultural materials.

Korla Lihua Cotton Industry Co., Ltd. established a wholly-owned subsidiary Shanghai Lihua Xinchuang International Trade Co., Ltd. in Shanghai, with a registered capital of 20million yuan, to carry out the international trade business of cotton.

Anhui Huamao Textile Co., Ltd., a listed company of the national leading textile enterprise, became the second largest shareholder of the company through equity transfer, with a shareholding of 35%.

Korla Lihua Cotton Industry Co., Ltd. invested 29.5 million yuan to Korla rural credit cooperative association, accounting for 7.38%. As the largest shareholder, it began to set foot in the financial industry.

Korla Lihua Cotton Industry Co., Ltd. acquired the assets of Xinjiang KuYuan Cotton Industry Co., Ltd. in the form of asset acquisition with 10million yuan and re established the fourth cotton processing plant.

Korla Lihua Cotton Industry Co., Ltd. started the restructuring and listing work.

Korla Lihua Cotton Industry Co., Ltd. acquired the second ginning plant of Shaya Jianong cotton Co., Ltd. by means of asset acquisition at the price of 12.1 million yuan, forming the current Shaya prison plant of Urumqi Lihua Xinchuang Cotton Industry Co., Ltd.

Korla Lihua Cotton Industry Co., Ltd. acquired the assets of Shaya branch cotton processing plant of Dingzhou meihuali Textile Co., Ltd. by auction at the price of 3.55 million yuan, forming the current Shaya Yingmaili processing plant of Urumqi Lihua Xinchuang Cotton Industry Co., Ltd.

Korla Lihua Cotton Industry Co., Ltd. increased its capital to 50million yuan.

Korla Lihua Cotton Industry Co., Ltd. built the first oil extraction production line in the first cotton processing plant.

Korla Lihua Cotton Industry Co., Ltd. transferred the fourth cotton processing plant.

Korla Lihua Cotton Industry Co., Ltd. built the second cotton processing production line in the first cotton processing plant.

Korla Lihua Cotton Industry Co., Ltd. acquired all the assets of Korla cotton and hemp company by auction of 19.2 million yuan, forming the current second cotton processing plant, the third cotton processing plant, the fourth cotton processing plant and the Fifth cotton processing plant.

Korla Lihua Cotton Industry Co., Ltd. increased its capital to 7million yuan.

Xinjiang Lihua Cotton Industry Co., Ltd., the predecessor of Korla Lihua Cotton Industry Co., Ltd., was established with a registered capital of 1.5 million yuan. The first cotton processing plant and the first cotton processing production line were built in Puhui Township, Korla City.