From 1998 to 1999, influenced by the international financial crisis and industry fluctuations, the transformation of ideas to open up cooperation channels with active attitude, successively improve the process, develop special planes to reduce production difficulty, design and produce high-end series products. Meteor has become the brand trust of Chinese fishermen.
On December 11, 1999, an economic entity with independent legal personality was established - "Weihai Langbao Fishing Line Wheel Factory". In 2000, the initial preparation of the fishing rod factory was completed. In 2001, the company began to build a professional and refined production of multi-shop classification, and in 2001 it was reorganized into Langbao Fishing Tackle Co., Ltd., and the following year, the transformation from collective ownership to shareholding cooperation was completed, and a general meeting of shareholders was held.