Is Lulu from Chengde still from Chengde?

No, Chengde Lulu is the abbreviation of "Hebei Chengde Lulu Co., Ltd.", which was established on April 28th. 1997. Located in Chengde High-tech Industrial Development Zone, it is a giant in the domestic beverage industry and one of the largest 10 beverage enterprises in China. Lulu trademark was recognized as a well-known trademark in China, and Lulu Almond Dew also won the honorary title of famous brand product in China. Previously, Chengde Lulu Company was owned by our company. On April 3, 2006, the 1 extraordinary general meeting of shareholders in 2006 passed the proposal of directional repurchase of state-owned shares. After the directional repurchase, the company's shareholding structure will change. Lulu Group no longer holds shares of the company independently, but Wanxiang Sannong Co., Ltd. holds 42.55% of the shares of the company and becomes the largest shareholder of the company, indicating that the controlling right of the company has been transferred to Wanxiang Sannong Co., Ltd., and there is no share of Chengde Lulu in the company's equity ratio, so Chengde Lulu is no longer owned by Chengde.