In 1995, Zhejiang True Love Wool Spinning Co., Ltd was founded in Yiwu Economic Development Zone by three shareholders of Zheng Qizhong, Liu Yuanqing and Liu Zhongqing to produce and sell wool and wool yarn.

In 1998, Zhejiang True Love Wool Spinning Co., Ltd purchased Heilongjiang Daqing Carpet Factory and began to produce and sell Raschel Carpet.

In 2000, Zhejiang True Love Wool Spinning Co., Ltd got the land compulsory expropriation of 160 mu in Yiwu City Xujiang Industrial Park to enlarge the production line of Raschel Carpet.

In 2000, the Party Branch of Zhejiang True Love Wool Spinning Co., Ltd was founded.

In 2001, all the production lines of carpet were relocated in Xujiang Industrial Park and the sale broke through 100 million RMB Yuan and export volume broke through 10 million US dollar.

In 2002, the first bonded warehouse in Yiwu City was approved to establish and large-scale machining and trade of the Company began.

In 2003, Zhejiang True Love Wool Spinning Co., Ltd got the land compulsory expropriation of 160 mu in Jinhua City Jindong Development Zone and was prepared to construct Zhejiang True Love Artificial Fur Co., Ltd.

In 2003, Zhejiang True Love Group Co., Ltd was established.

In 2003, the Group got rid of the management mode of family, hired professional managers and separated management rights from proprietary right

In 2004, Yiwu True Love Property Co., Ltd was established and invested 1.2 billion RMB Yuan in developing the real estate project of Orient International Village

In 2004, Zhejiang Fuyue Share-holding Group was founded by the True Love Group together with four other private capitals.

In 2005, on behalf of Zhejiang Provincial Merchants, Fuyue Group made its way to Shanghai market, successfully purchased the famous Shanghai Meilihua Group and revitalized the hundred-year enterprise from a losing proposition to a profitable one within one year.

In 2006, True Love (American) Trade Co., Ltd was founded in America by True Love Group.

In 2006, True Love Artificial Fur Co., Ltd invested more than 100 million RMB Yuan in large-scale technically reconstruction to produce and sell coral velvet and Terylene carpet.

In 2007, True Love Property invested 2 billion RMB Yuan in developing the project of Famous City with European View together with other real estate enterprises.