The Great China Match Company Factory was founded by Ong-Sung Lieu (), Kyih-Sung Lieu (), and T.L. Soong () in 1939. The factory on Peng Chau was established as the Great China Match Company relocated its operations from Mainland China to escape the advancing Japanese occupation of China. Cheung Chau was initially explored as a site for the factory, however this idea was later abandoned as residents were fearful of the dangers of having such a volatile facility on their island. Peng Chau was chosen as the site as the residents of the island were eager to create employment opportunities following the closure of the large lime production facilities on the island. The business was originally established with HK$300,000 of capital.
