Development History of the Group

1997-2000 Foundation of starting a business
  On Oct. 30, 1997, Hengtai Real Estate was founded. At the beginning of starting a business, it was mainly developing real estate bearing the company philosophy of “get progress in cooperation and harmony, and strive in virtues”. It has bought the first land auctioned in Jiaonan and built Hengtai Business Building and Hengtai Mall.
2001-2006 Stable development
   On Jun. 7, 2002, the name was changed from Hengtai Real Estate Development Co., Ltd. to Longhe Real Estate Co., Ltd. The construction projects are mainly several projects, such as Lihai New Garden, Hengtai Garden, Yihai International, Tangdaowan Village and government affordable housing construction. It has continuously broadened the business sphere based on long-term urban development and creating high-quality real estate brand with the quality philosophy of “refinement and zero-tolerance”. 
2007-2011 Multivariate expansion
On Sept. 30, 2007, Nalu Bay, the first high-end holiday program in west coast of Qingdao, has been started, indicating that Longhe Group has expanded from simple real estate construction into four areas, i.e., real estate development, star hotel, travelling and high-end property management. It has built more than a dozen of subsidiaries for multivariate development and transformed into a comprehensive industrialization group successfully.  
In May, 2010, Bosheng Garden Scenic Area Spot, a health garden at Xiaozhushan Mountain occupying land about 8000mu, has been built; 
On Sept. 15, 2010, Darling Harbour Project, the first five-star theme resort hotel in Qingdao west coast, has been officially started to build.
2012-2015 Constantly strive for perfection
On Dec. 18, 2012, Longhe Fupeng Sheraton International Hotel has opened; 
On Jan. 14, 2013, the name has been officially changed into Longhe Real Estate Group Co., Ltd.; 
On Nov. 13, 2013, Taiwan Amorous Feelings Street—the high-end houses and comprehensive urban business villa community—has officially opened, created the miracle selling of urban comprehensive houses in west coast.
On Jul. 25, 2014, Longhe Town Big Valley, invested by Longhe Group with RMB 1.3 billion, has officially opened, which was an ecological, low-dense, high-end health and recreation holiday resort.
Since 2015, the Company has rescheduled its process and ungraded its management system for the transformation.   
2016-Today Rapid development
On Jun. 16, 2016, Longhe Le Meridien Hotel has officially opened, the first international five-star theme holiday hotel in west coast of Qingdao City;
In Nov. 2017, department of culture and tourism has been founded and cultural tourism has become a part of Longhe industry development, expanded a brand-new business landscape;
On Mar. 7, 2018, it has successfully won about 122.5mu of land for Phases IV and V of Big Valley Project;
On Jul. 10, 2018, it has bought about 700mu land from Shangtong Village, which benefited the cultural tourism;
In Aug. 2018, it has got the approval of about 79mu land for Phases VI and VII of Big Valley Project, keeping updating the building landscape of the Group.