June 1995——Guangzhou Twinace Petroleum & Chemicals Co., Ltd. was established with a registered capital of RMB 50 million. The office was in 34/F., River side Hotel, NO.298,Yanjiang Zhonglu, Guangzhou.

At the beginning of 1998——Twinace rented oil storage tanks of 60 thousand cubic meters from Yuehai Oil Tank.

September 2001——Twinace was granted the License of International Import and Export.

November 2001—— Twinace was granted the fuel oil business and import agency license by National Foreign Trade Bureau. Then, Twinace became the first private-owned corporation to enjoy such a title.

At the beginning of 2002——Twinace was ranked as grade “AA” customer by Shenzhen Development Bank.

July 2002——Twinace was prized as “Advanced Private Company” by the Communist Party Committee and the Municipal Government of Guangzhou City.

December 2002——Twinace moved to new office in 19F., Jianlibao Tower, No.410 Dongfeng Zhong Road, Guangzhou.

May 2003——Twinace rented Huangdao Oil Storage Tanks in Qingdao City.

January 2004——Twinace was awarded as “golden client” by Shenzhen Development Bank.

March 2004——Twinace was prized as “leading Company” and “Advanced Company” by the committee of Huanghuagang scientific Park in Guangzhou new technology district.

May 2004——Twinace was prized as “Advanced private company” by People’s government of Dongsan District of Guangzhou.

August 2004——Twinace become one of the first nine self-operating members of Shanghai Futures Exchange on fuel oil futures contract which is the first fuel oil futures contract in China.

October 2004——Twinace was rated as the “Top 100 Private Imp. & Exp. companies” by Ministry of Commerce of People’s Republic of China, ranking the 13th.

October 2004——Twinace rented Nantong Power Shell Oil Tank, and unloaded the first cargo successfully.

January 2005——Twinace was awarded as “Guangzhou top 100” private enterprise.

July 2006——Twinace was awarded as “Top 100 Private Imp. & Exp. companies” by Ministry of Commerce of People’s Republic of China again in higher rank on 7th.