Zhongwang Wood Industry Co., Ltd. (hereinafter referred to as “the Company”) belongs to the fifth branch of Zhongwang Group. The Company is located in the X011 line of Yuanjiang Economic Development Zone, 86 kilometers away from Changsha and 23 kilometers away from Changsha-Yiyang Expressway. The traffic is very convenient and fast. In 2015, Zhongwang Group established the Zhongwang Wood Industry Co., Ltd., which is dedicated to forestry planting, forestry resources development and wood processing. The Company invested RMB 38 million in the early stage, introduced 18 ultra-modern imported equipment and 20 automated auxiliary equipment, produced 58,600 cubic meters of ecological board and blockboard, 15,300 cubic meters of multi-layer solid wood plywood and 5,000 square meters of customized wardrobes annually, with an output value of RMB 230 million. At the beginning of the establishment of the Company, the principles of scientific forest cultivation, rational development and resource sharing were established, with 3,800 mu of sealed beach and forest cultivation and 160 mu of seedling cultivation base. The company adheres to the orderly development, economical use, contributing to both maintaining clean water and green mountains, and to maximizing the benefits.