Shandong Ruyi Science & Technology Group Co., Ltd. is a private corporation originating from a government managed woolen mill in Shandong. After Chairman Qiu Yafu took over management from the national enterprise, the company grew into a major general textile company in one generation. Joint development of fabric with British and Italian research institutions, etc. is being promoted. Offces have been set up in various countries around the world to catch the latest fashion information, and the company has been entrusted with production from European and American brands, etc. Cloth is also being supplied to "AOKI" menswear of Japan.

This year, Shandong Ruyi Science & Technology Group Co., Ltd. acquired 41% of the outstanding shares of RENOWN INCORPORATED and is rebuilding RENOWN as the main shareholder. Chairman Qiu Yafu is a self-made man who frst joined the company when it was previously a government managed woolen mill at the age of 17 and rose through the ranks to the head of the company at a young age of 39.

Professional Experience:

November	1992	Vice Chairman & Vice General Manager of Shandong Ruyi Woolen Group Co.,Ltd
September	1996	Vice Chairman & General Manager of Shandong Ruyi Woolen Group Co.,Ltd
December	1997	Chairman & General Manager of Shandong Ruyi Woolen Group Co.,Ltd
August	2002	Chairman of Shandong Ruyi Science & Technology Group Co.,Ltd
August	2008	Chairman of Shandong Ruyi Science & Technology Group Co.,Ltd