Tantech Holdings Ltd. (China)

The Company develops and manufactures bamboo-based charcoal products in the People s Republic of China and internationally.
Tantech BVI owns 100 interest of USCNHK Group Limited (“USCNHK”), a limited liability company established in Hong Kong.
The Company s common shares is traded on The NASDAQ Capital Market under the symbol “TANH and is headquartered in Lishui, the People’s Republic of China.
The Company develops and manufactures bamboo-based charcoal products for industrial energy applications and household cooking, heating, purification, sanitation and agricultural uses.
The Company has sales departments and conduct marketing and distribution operations in Chongqing, Fujian, Gansu, Guangdong, Hubei, Hunan, Henan, Jiangxi, Liaoning, Shaanxi, Shandong, Shanghai, Sichuan, Tianjin and Zhejiang provinces in China. From these departments, its sales network has a presence in 17 cities throughout China. The Company conducts marketing and distribution operations in Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Jinan, Jingmen, Lanzhou, Lishui, Nanchang, Shanghai, Shenyang, Taiyuan, Tianjin, Yantai, and Zhengzhou. It does not own or lease locations in Shenyang, Tianjin, Yantai, Taiyuan, Zhengzhou, Jingmen, Changsha, Fuzhou or Lanzhou; instead, its representatives in such cities conduct business without a dedicated office and spend significant amounts of time making calls on customers and potential customers. In addition, the Company has logistics centers in Chengdu, Guangzhou, Taiyuan, Yantai and Lishui and relationships with third-party warehousing companies in Jinan, Shanghai and Tianjin.
The Company sells approximately 82 of its products in China, and the remaining 18 of products are sold internationally, including both direct and indirect distributor sales. It sells products in Japan, South Korea, Taiwan, the Middle East and Europe. In addition to its bamboo charcoal products, It also derives revenues from its trading activities, which primarily relate to industrial purchases and sales of charcoal.
The Company operates in three segments: Consumer Products, Biofuel Energy, and Trading. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications; and electric double-layer capacitor carbon products. The Company also offers Charcoal Doctor branded solid products comprising air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. In addition, it engages in the industrial purchase and sale of charcoal. The Company provides its products for industrial energy applications, as well as household cooking, heating, purification, sanitation, and agricultural uses.
HISTORY
September 2001: Tantech Charcoal is established.
October 2002: Tantech Bamboo is established as “Lishui Zhonglin High Tech Co., Ltd.” with registered capital of RMB 3.15 million.
April 2003: Lishui Forasen Green Industry Group (the former name of Forasen Group Ltd (“Forasen Group”)) was established.
May 2003: Forasen Group acquires 60 of Tantech Bamboo.
December 2005: (1) Tantech Bamboo reorganizes its structure (a) from a limited company to a shareholder company and (b) to increase registered capital to RMB 21 million, resulting in a decrease of Forasen Group's interest to 41.24 ; (2) Tantech Bamboo is renamed “Zhejiang Tantech Bamboo Technology Co., Ltd.”; (3) Zhengyu Wang becomes legal representative of Tantech Bamboo.
September 2006: Tantech Bamboo acquires Tantech Charcoal by transferring shares from Forasen Group and natural shareholders to Tantech Bamboo. As a subsidiary, Tantech Charcoal's business scope is exporting Forasen Group's products to a multitude of countries worldwide.
September 2007: Forasen Group's interest in Tantech Bamboo increases to 44.25 .
January 2008: Tantech Bamboo increases its registered capital to RMB 27 million, decreasing Forasen Group's interest to 34.41 .
July 2008 through April 2009: Several shareholders of Tantech Bamboo transfer their interests to Forasen Group, increasing its interest in Tantech Bamboo to 51.45 .
September 2008: Tantech Energy is established and operates as subsidiary of Tantech Bamboo.
October 2008: USCNHK is established as “Raymond O/B Raysucess Co., Limited”.
October 2009: Forasen Group is renamed “Forasen Group”.

November 2010: THL is established as “Sinoport Enterprises Limited.”
December 2010: (1) USCNHK is renamed “USCNHK Group Limited”; (2) Tantech Bamboo increases its registered capital to RMB 80 million, increasing Forasen Group's interest to 95 ; (3) Forasen Group transfers all of its interest in Tantech Bamboo to USCNHK.
April 2013: THL is renamed “Tantech Holdings Ltd.”
2013 The Company (“Tantech BVI”, formerly known as Sinoport Enterprises Ltd.) is a limited liability company established under the laws of the British Virgin Islands on November 19, 2010 as a holding company to develop business opportunities in the People's Republic of China (“PRC” or “China”). On April 15, 2013, Sinoport Enterprises Limited changed its name to “Tantech Holdings Ltd.”
March 2015: THL completed an initial public offering of its common shares and listing on the NASDAQ Capital Market.
April 2016: USCNHK established a new subsidiary as “Zhejiang Tantech Bamboo Technology Co., Ltd.”
May 2016: USCNHK transferred 95 of Tantech Bamboo's shares it owned to Zhejiang Tantech Bamboo Technology Co., Ltd.
December 2016: Zhejiang Tantech Bamboo Technology Co., Ltd acquired the remaining 5 of Tantech Bamboo's shares.
May 2017: Zhejiang Tantech Bamboo Technology Co., Ltd changes its name to Lishui Tantech Energy Technology Co., Ltd, which in turn changed its name in July 2017 to Tantech Holdings (Lishui) Co., Ltd.
On July 12, 2017, the Company acquired a 70 equity interest of Suzhou E-Motors. The 70 equity interest comprises a 19 equity interest owned directly through Hangzhou Jixi Investment Management Co., Ltd (“Jixi”) and a 51 equity interest owned through a series of contractual agreement with the owners of Hanzhou Wangbo Investment Management Co., Ltd (“Wangbo”). Jixi is 100 owned by Shanghai Jiamu Investment Management Co., Ltd (“Jiamu”), which is, in turn, wholly owned by Euroasia International Capital (“Euroasia”), a 100 owned subsidiary of the Company.
On December 14, 2017, the Company entered into a sale agreement and related agreements to transfer its EDLC carbon business (including intellectual property rights and equipment) to Zhejiang Apeikesi Energy Co., Ltd., a PRC start-up company controlled by Dr. Zaihua Chen, its former Chief Technology Officer.
On January 10, 2018, the Company signed a share purchase agreement (the “Agreement”) with Shanghai Shicai Minerals Co., Ltd. (“Shanghai Shicai”) to acquire all of the shares of Lishui Xincai Industrial Co., Ltd. (“Lishui XinCai”), a wholly-owned subsidiary of Shanghai Shicai, at a price of approximately 18.2 million (or RMB 120 million).