Guangzhou Industrial Investment Holdings Group Co.,Ltd established，which is formed by the merge of Guanggang,Wanbao and Wanlead. Wanbao Compressor is one of the primary subsidiaries of the new Group.
Acquired Italia compressor manufacturer "ACC "
Renamed as "Wanbao Group Compressor Co.,Ltd"
IPO in Shenzhen stock exchange
Acquired by Guangzhou Wanbao Appliances, renamed as: Wanbao Group Refrigeration Idustrial Company
Started production with capacity of 1 million pcs/year
Started factory building, introduced technology and complete facility from Matsushita