In 1993, Mr. Qiu Qiming, who held multiple roles as a Chinese teacher, writer, and journalist, embarked on an entrepreneurial journey in his forties by establishing the Federal Chemical Coatings Factory and the Carpoly brand in Xingtang, Shunde. In 1999, Mr. Qiu moved the operation to Jiangmen, founding the Xinhui Carpoly Coatings Company and setting up a new factory at the current headquarters location, marking the inception of the Carpoly Chemical Group. During its first decade, the company overcame competitive challenges to secure a leading market position in wood furniture paint. In its second decade, it ventured into the interior wall paint sector and successfully established a new cornerstone business. Entering the third decade, Carpoly expanded its focus to include architectural coatings and energy-saving construction materials, successfully launching its third key business line: architectural paint. Under the guidance of Qiu Qiming, Carpoly transformed from a modest operation in Southern China into a globally recognized coatings enterprise. In 2011, it became the first Chinese company to be listed among the world's top paint manufacturers by Coatings World magazine, a recognition it has continued to receive, earning the reputation of being a source of pride for the Chinese coatings industry. Carpoly's business offerings span a wide range of products including wood coatings, interior and exterior architectural paints, industrial coatings, flooring materials, external thermal insulation, artistic paints, waterproof coatings, stone effect paints, decorating accessories, inks, and coating services. It has also become a trusted partner for numerous real estate developers, decoration companies, furniture manufacturers, and home appliance producers. In 2024, Carpoly Group celebrated a new development milestone through a strategic reorganization with BNBM (000786.SZ), a listed subsidiary of CNBM, a Fortune 500 company, to create BNBM Carpoly. This move provided Carpoly with fresh resources and opportunities, signaling even broader prospects for future growth.