Shandong PlaNet Auction Tender Ltd. was established in March 2004, is in accordance with the "People's Republic of China Company Law" and "People's Republic of China Auction Law" set up, approved by the Shandong Provincial People's Government of Shandong Provincial Department of Commerce issued "Shandong Province auction business approval certificate ", in Shandong Province Administration for Industry and Commerce for registration, and the province's comprehensive auction enterprise, the registered capital of 5 million yuan.