DONGWHA HOLDINGS HISTORY

1. Period of Foundation - Sawmilling, Lumbering (1948~1974)

• April 1948: Founded DONGWHA Enterprise Co., Ltd - Founder: Sang-bai Seung
  
• July 1968: Began the reclamation of lumbering industry complex in Incheon (Gajwa-dong)
  
• December 1970: Established PT. INNE DONGWHA

2. Period of Transition - Wood based panel-PB (1975~1985)

• September 1975: Completed PB1 plant
  
• 1976: Launched KORINDO group in Indonesia

3. Period of Growth - Wood based panel-MDF, Surface Materials (1986~1995)

• Oct. 1986 : Completed MDF1 plant (first in Korea)
• July 1989 : Completed Formalin plant
• Feb.1992 : Completed LPM/MFB plants
• June 1994 : Completed MDF2 plant
• Aug. 1995 : Completed PB2 plant

4. Period of Expansion - Building Materials, Set-up Subsidiaries (1996~2003)

• May 1996 : Completed Laminate Flooring plant (first in Korea)
• August 1996 : Established TASCO in Australia
• November 2000 : Acquired Daesung Wood Ind.
• August 2001 : Completed TEGO film and CERA board plants
• July 2003 : Acquired Malaysian Golden Hope MDF and furniture company

5. Restructure to Holding Company (2003~Present)

• October 2003 : Launched Dongwha Holdings and separated Dongwha Enterprise and Dongwha Chemical
• September 2004 : Acquired 'Golden Hope Parquet', Malaysia
• November 2004 : Established Dongwha Hong Kong Int’l
• August 2005 : Acquired ‘Rayonier MDF NZ’ of New Zealand
• September 2005 : Acquired ‘Hansol Home-deco’s ASAN Plant’
• November 2006 : Acquired Malaysian ‘Merbok’ MDF/LPM/MFB/Chemical Plant
• February 2007 : Acquired Malaysian Guthrie MDF Factory (DMM)