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Will Hebei Xinhai Chemical Industry Group Co., Ltd. be a state-owned enterprise?

Hebei Xinhai Chemical Industry Group Co., Ltd. will not be a state-owned enterprise. According to relevant public information, Hebei Xinhai Chemical Industry Group Co., Ltd. is a large private enterprise group integrating petrochemical products processing and sales, oil trade, logistics and transportation, and real estate development. It is located in the middle section of South Shugang Road, Huanghua Port, Lingang Industrial Park, Bohai New Area, with the international Huanghua comprehensive port pier east 10 km, surrounded by coastal expressway, Wurong expressway, Shihuang expressway and Beijing-Shanghai expressway, and Huang Shuo railway and Huang Han railway run through the east and west.