The General Administrative Office of the Fortune Group was formally established in Taicang City and is responsible for the investment of Group.
The Fortune Group opened th door to real estate industry by establishing Suzhou Wanhong Real Estate Development Co., Ltd. and by developing Wanhong Comprehensive Industrial Park with 2.5 million US dollars.
Established by Shanghai Baosteel Group and Fortune Group, Baoqing Metel Products Co., Ltd. was the first joint venture between Shanghai Baosteel and foreign company.
Established with an initial investment of 1.75 million US dollars, Suzhou Cangqing Metal Products Co., Ltd., became the first wholly foreign-owned enterprise in Taicang City, China.
The Yiwei Co., Ltd. was established and engaged in zinc and aluminum die-casting production.
Paul Lin, the chairman of the Board founded Campfire & Corp. Co., Ltd. which produced fireplace nets in Xiushui Township, Changhua County, Taiwan.