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Is Hongfa Property Management Co., Ltd. a state-owned enterprise?

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Hongfa Property Management Co., Ltd. was established in 198 1, which was one of the first batch of 17 outstanding private enterprises in Shenzhen awarded by Shenzhen Municipal People's Government in 2002. Therefore, Hongfa Property Management Co., Ltd. is not a state-owned enterprise.

Hongfa Group takes Shenzhen Hongfa Investment Co., Ltd. as its core, and its subsidiaries include Shenzhen Hongfa Real Estate Development Co., Ltd. and Shenzhen Hongfa Property Management Co., Ltd.