Green River Holding Oct 7 th 2015 TPEX CODE: 8444 Outline Company - PowerPoint PPT Presentation

Green River Holding Oct 7 th 2015 TPEX CODE: 8444

Outline • Company Data • Product Introduction • Product Introduction • Industry Overview • Operating Performance 2

Company Data Company Data Company Data Company Data 3

1.1 Company Data Establishment…………2011.1.14 • Capital………………… USD 20 million (NTD 666 million ) • Chairman……………… Hsieh, Jung-Hui • President……………… Huang,Teng-Shih President……………… Huang,Teng-Shih • • Office Registration…… Cayman Islands • Operating Location…… Thailand • Main Product………..… Particle Board, Solid wood • 4

1.2 Investment Structure Plain Board Solid wood Green River Holding Co. Ltd Business Business (GRH) 99.99% 99.99% Green River Wood & Lumber Green River Panels (Thailand) Co., Ltd. Manufacturing (Thailand) Co., Ltd. Manufacturing (Thailand) Co., Ltd. (GP) (GP) (GRW) 48.39% Green River Parawood Co., Ltd. (GRP) 99.99% Thailand Nature Resource Co., Ltd. (TNR) 5

1.3 Company Development Event Date Jan 2000 Establishment of GRW (Solid wood) Jul 2004 Preparation for Plain Board Business; Establishment of GP Oct 2006 Inauguration of GP plant construction Sep 2008 Sep 2008 Commercial Operation of GP Commercial Operation of GP Jan 2011 Establishment of Green River Holding Co., Ltd Aug 2011 GP received Environmental Protection Award by Thai Ministry of Industry Dec 2011 GRH owns 99.99% shares of GP through share exchange Feb 2012 GRH owns 99.99% shares of GRW through share exchange Oct 2012 Awarded as Outstanding Overseas Taiwanese SMEs Jul 2015 General Stock Board Listing Approved by Securities Review Committee 6

1.4 Board of Directors Title Education Background Main Experiences Name Green Source Investments Ltd Department of Civil Engineering, Owner of Standard Pallet International Representative: Chairman National Cheng Kung University Hsieh, Jung-Hui Forward Thinking Limited MBA, Ramkhamhaeng University Project Manager, Representative: Evergreen Construction Corp. Director Department of Water Resources Engineering, Huang, Teng-Shih Feng Chia University Sales Engineer, Pro Leasing and Rental Park Island Enterprises President, Kaohsiung Rapid Transit Corporation MS in Mechanical Engineering, Limited Representative: Director Executive Vice General Manager, China Steel Corporation Mississippi State University Chairman, China Ecotek Corporation Du, King-Ling MS in Structural Engineering, Chin Tai Holding Inc. Manager, The University of Arizona Representative: Director Department of Civil Engineering, Continental Engineering Corporation Li, Mu-Wen National Cheng Kung University Ph.D. in Management, UCLA Professor, MBA, National Taiwan University Independent Wu, Ching-Sung College of Management, Director Department of Management Science, National Taiwan University National Chiao Tung University Senior Vice President, Ph.D. in Electrical Engineering, Winbond Electronics Corporation UC Berkeley Vice President, Independent Pai, Pei-Lin Director Electrical Engineering, FocalTech Systems Limited Vice President & Spokesman, National Taiwan University Nanya Technology Corp. Department of Accounting, Special Assistant to President & Spokesman, Independent Lin, Wan-Ling Anji Technology Co., Ltd Director Tunghai University 7 Remark: All of the above are of Taiwanese nationals

1.5 Management Team Position Education Background Main Experiences Name Huang, Chief Project Manager, MBA, Ramkhamhaeng University Teng- Executive Evergreen Construction Corp. Department of Water Resources Engineering, Feng Chia University Shih Officer Sales Engineer, Pro Leasing and Rental Chief Li, Mu- MS in Mechanical Engineering, Manager, Sales Wen Mississippi State University Continental Engineering Corporation Officer Audit Manager, Wang, Wang, Chief Chief Department of Accounting, Chialin Precision Industrial Co., Ltd Zheng- Financial Tunghai University Chief Financial Officer, Feng Officer Samya Technology Co., Ltd Wang, Audit Department of Accounting, Assistant Manager, Ping- Manager Aletheia University Deloitte Taiwan Hsun 8

Product Introduction Product Introduction Product Introduction Product Introduction 9

2.1 Main Products Particleboard a.k.a Chipboard Applicable to system furniture, kitchen, flooring, pallets in creating green building and environmental-friendly construction material Green Sustainability Technological Cost Effective Fashionable 10

2.1 Main Products Solid wood With application to various types of furniture, flooring, construction material and other building accessories. 11

2.3 Rubber Wood Utilization  By applying over 90% of a rubber tree, GRH maximizes rubber wood resource utilization Wood- Engineered-Wood based Branches Production Plant Panels 40% Slabs Wood 30% Fuel Solid wood Logs 30% 60% Sawmill 12

2.3 Production of Particleboard Chips Branches & Slabs Chipping Flaking Rubber Tree waste Flakers Conti Forming Press Particleboard Pre-Press Blending Eco-friendly Furniture & Wood-Panel Construction Material 13

2.3 Production of Solid Wood Fresh Rubber Wood Logs Sawing Rubber Tree waste Impregnation Drying Grading Solid wood Furniture, Flooring and other wooden products 14

Industry Overview Industry Overview Industry Overview Industry Overview 15

3.1 Rubber Latex • Natural latex is widely used, from daily life to industrial application • Rubber woods are planted as high value cash crops rather than ordinary forestry. Rubber trees are fell and replanted as latex productivity declines and becomes uneconomical, which usually after 25 years. Planting Harvesting Felling Immature Declining Phase Productive Phase Phase Year 1~8 Year 7~25 Year 25+ 16

3.1 Rubber Wood Resource The world’s largest natural rubber producing country -- Thailand Indonesia Thailand Vietnam India China Others Malaysia UNIT: 10,000 tons Source: International Rubber Study Group (IRSG) World’s 90% of rubber wood plantation is occupied by only 6 countries: Thailand, Indonesia, Malaysia, India, Vietnam and China, the plantation in just these 6 countries occupies up to 90% of worlds rubber wood plantation. Source: Statista 17

3.1 Rubber Wood Resource Southern Thailand – North East the main rubber wood plantation 17.99% region of Thailand Northern 3.65% Region Area (km 2 ) Northern Northern 1,055 North East 5,206 Central 3,468 Central Southern 11.98% 19,204 TOTAL 28,933 Green Thailand’s total plantation = 80% of Taiwan’s total area River Southern Southern’s total plantation = 66.38% 53% of Taiwan’s total area 18 Source: The Thai Rubber Association(2014)

3.2 Upstream and Downstream Rubber Wood Rubber Wood Wood Wood Plantation Trading Engineering Processing Petrochemical Particle Board Plant Particle Board Plant (Resin Plant) (Resin Plant) Undeveloped Undeveloped Developed Future Plan Value-Added Wooden Panel Processing Plants Flooring, furniture (cabinets, shelves, bed frames, desks, tables, partitions etc) doors, amplifying speakers and other building materials 19

3.3 Global Furniture Trade on Constant Rise  Global furniture trading doubled in 10 years  US$128 billion in 2014, new high in global furniture trading Global Furniture Trade 160 149 141 140 128 128 124 124 122 122 Revenue (US Billion) 117 117 120 109 106 94 93 100 84 77 80 60 40 20 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 F 2016 F Source: Centre for Industrial Studies (CSIL) 20

3.3 Characteristics in Comparison  Particle Board vs. MDF ； Plywood ； Wood PB MDF Plywood Wood Eco- Friendliness     Waste Application Waste Application - - - -   Investment     Technology     Requirement Automaticity     Quality Consistency     Price Lowest Low High Highest Source: 本公司整理 21

3.3 Particleboard Industry Overview  Stable growth in Asia – 10.03% CAGR in 2000~2013 million m³ 35 30 25 20 15 10 5 5 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 Source: FAOSTAT Forestry (2000~2013)  Particleboard Demand in Asia million m³ CAGR 2011~2020 40 8.6% 30 CAGR 2000~2011 20 8.7% 10 0 2000 2012 2020f 22 Source: POYRY(forecast 2012~2020)

3.3 Life Surrounded by Wooden Panels  Flooring  Kitchen  Living  Playroom Room Particle Board  Office  Bathroom 23  Bedroom  Walk-in Closet

3.3 Invincible Sales Channel Retail Stores Local Chained Stores Independent Stores Designer Studios 24

3.3 Asian Market’s Potential Engineered Wood Panel Distribution (2013) Europe Asia North America PLY 11% PB PLY PLY 19% 30% MDF 39% 18% PB PB MDF 60% MDF 71% 42% 10% 25 Source: FAOSTAT Forestry

Operating Performance Operating Performance Operating Performance Operating Performance 26

4.1 Sales Market (2014) Particle Board Solid Wood Thailand Taiwan 0.4% Thailand 0.1% 10.5% Indonesia 33.4% China Malaysia 89.4% 57.5% China 3.9% Korea 4.7% 27 Source: 本公司