Is Tianjin Instrument Group Co., Ltd. a state-owned enterprise?

Tianjin Tianyi Group Instrument Co., Ltd. is a state-owned limited liability company established in March 2003. With a national enterprise technology center, it is the backbone enterprise of China instrument industry.

In order to achieve better and faster development, the board of directors of the company has established a plan to transform a limited liability company into a joint stock limited company and further develop it into a public listed company. According to the document No.92 [2008] of the State-owned Assets Supervision and Administration Commission, Reply on Relevant Issues Concerning the Management of State-owned Equity of Zhonghuan Tianyi Co., Ltd. (to be established), Tianjin Tianyi Group Instrument Co., Ltd. was renamed as Zhonghuan Tianyi Co., Ltd. The change of industrial and commercial license was completed on February 25th, 2008, and the new name was officially launched on October 25th, 2009, with the business address and business scope unchanged.

It is a state-owned enterprise.