In 1993 , established Hangzhou Good Friend Precision Machinery Co., Ltd.
In 1996,

constructed the first phase of production base at Xiaoshan Development Zone in Hangzhou.
In 1997,

established its own machine tool manufacturing team and its own parking garage structure division to sell CNC machine tools and parking garage structures.

In 2001, constructed the second phase of production base at Xiaoshan Development Zone in Hangzhou.
In 2002, expanded its production base for forklift trucks.
In 2003, accredited with ISO 9001:2000 accreditations for CNC machine tools and parking garage structure products. Constructed the third phase of production base at Xiaoshan Development Zone in Hangzhou.
In 2004,

accredited with 2003 AAA (AAA Grade Credit Level Enterprise in 2003). Completed the forth phase construction of production base at Xiaoshan Development Zone in Hangzhou. Established Hangzhou Global Friend Precision Machinery Co., Ltd.
In 2005, accredited with ISO 9001:2000 accreditations for its design and manufacturing system of forklift trucks.
In 2006, successfully listed on the main board of The Stock Exchange of Hong Kong Limited. Completed the first phase construction of production base at Xiasha Development Zone in Hangzhou. Established a trading company, namely Rich Friend (Shanghai) Precision Machinery Co., Ltd.
In 2007, streamlined the productions and relocated the production lines of forklift trucks to the production base at Xiasha Development Zone. Constructed the second phase of production base at Xiasha Development Zone in Hangzhou.
In 2008, successfully developed and launched relatively high-end double column machining centre.
In 2009, completed the first phase construction work of new production base in Xiasha, Hangzhou (owned by Hangzhou Ever Friend Precision Machinery Co., Ltd.) for the production of double column machining centre.
In 2010, completed the offering and listing of 67,200,000 units of Taiwan Depositary Receipts (“TDR”) on the Taiwan Stock Exchange Corporation.
entered into an agreement to acquire specific assets of the “Rambaudi” business division of Sachman Rambaudi in Italy.
In December 2021, completed the withdrawal of the listing of the Shares from the Stock Exchange of Hong Kong Limited and the withdrawal of the listing of the Taiwan Depositary Receipts (“TDR”) from the Taiwan Stock Exchange Corporation.