Group Background

Fourace Group was established in 1988 and is the third-largest personal care appliance service provider in the country. The group was listed on the Hong Kong Stock Exchange in 2020 (stock code: 1455), becoming the first publicly traded export trading service provider of personal care appliances in Hong Kong.

With 36 years of experience in the research, design, and manufacturing of home appliances, the group has over 10 years of experience specifically in the research and design of beauty devices. The innovation base covers more than 30,000 square meters and includes a dust-free electrostatic workshop, optoelectronic laboratories, and a skin biology research center, all equipped with industry-leading facilities. The R&D team comprises members from fields such as optoelectronic physics, biomedical science, and materials science, with over 10 years of experience in optoelectronic technology development.

The group has created over 100 patents and has long provided technical support to world-class brands such as Sharp, Refa, Tiger, T3, and Remington. It has developed more than 500 sought-after best-selling products, including the world’s first Japanese IH induction bread maker, the “Whirlwind” hair dryer, which ranks in the top three in U.S. sales, and a waterproof constant temperature flat iron designed for a renowned French cosmetics brand.

In 2021, Fourace Group was awarded the Hong Kong “Outstanding Leader” award, showcasing its exceptional achievements in the field of home appliance research and manufacturing.

Mr. Li Shuye holds a Bachelor’s degree in Mechanical Engineering from China University of Petroleum. He is the Chairman, Executive Director, and CEO of Fourace Group, fully responsible for the overall management, strategic planning, and decision-making of the group. Additionally, he serves as the Chief Product Scientist for the renowned beauty device brand “Paige Luminous.”

Mr. Li is a pioneering entrepreneur in China’s personal care appliance industry. He founded Fourace Group in 1988 and has held the important position of Chairman since its inception. In 1989, he led the company into the international market, starting to provide ODM services for Japanese and European-American brands, gaining significant recognition in the global market.

Under Mr. Li’s leadership, Fourace continued to expand its market share, becoming the third-largest personal care appliance service provider in China by 2019. In 2020, the group successfully listed on the Hong Kong Stock Exchange.