PAIHO SHIH HOLDINGS CORPORATION was established on November 6, 2006 in Cayman Islands. The Company's main business items are the production and sale of touch fastener, webbing (shoelaces), elastic, jacquard engineered mesh, etc., supplemented by other work in sales of apartments, offices or parking lots. Its main market is in China and the business is operated by Thomas Dynamic Material (Jiangsu) Co., Ltd. (Jiangsu Paihong Company) and Dongguan Paihong Industry Co., Ltd. (Dongguan Paihong Company). In order to build the layout of Southeast’s market, in 2016, Vietnam Paihong Limited Company. (Vietnam Paihong Company) was established and established a business office in indonesia.
Besides, to take the opportunity of domestic market growth in China, the Company established Wuxi Paihong Real Estate Co., Ltd. (Wuxi Paihong Company) in 2013. The Company set up Wuxi Paiwei Biotechnology Co.,Ltd. (Wuxi Paiwei Company) in 2017.
To meet the future business needs, a subsidiary in Shanghai Pilot Free Trade Zone, Shanghai Best Expectation Textile Trading Limited (Shanghai Best Expectation Company), dedicating to international investment and trading was established in 2021. Followed by the venture above, a Hong Kong subsidiary, Hong Kong Best Expectation International Trading Limited (Hong Kong Best Expectation Company), was created by Shanghai Best Expectation Company to conduct international investment and trading.