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In 2011, the management team reorganized and established a new company-Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. (short for GCHV), it is a professional commercial central air-conditioning equipment manufacturing and supply enterprise integrating R&D, testing, production, manufacturing, marketing, project design, sales and after sales service. Under the leadership of its Chairman Zhang Quan, GCHV has been steadily growing in the past 8 years. In April 2019, CHIGO transferred 40% of Chigo Commercial's equity to our General Manager, Zhang Quan. Since then, Mr. Zhang and his management team own 70% of Chigo Commercial's equity and CHIGO owns 30%. CHIGO then becomes a minority shareholder and Chigo Commercial will continue to use the "CHIGO" brand (colored in green). "GCHV" is another brand possessed by Chigo Commercial for business now. Therefore, CHIGO HEATING AND VENTILATION EQUIPMENT Co., Ltd and CHIGO are entirely two independent companies. GCHV total assets ... [
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