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Is Zhejiang Property Group a state-owned enterprise?

Yes Zhejiang Property Group was established at 1957, located at Baoshi No.1 Road, Hangzhou, and is mainly responsible for asset operation and management, belonging to a state-owned enterprise. Its subsidiaries include Zhejiang Real Estate Service Co., Ltd., Zhejiang Tongren Property Management Co., Ltd., Zhejiang Wansheng Talent Information Service Co., Ltd., Zhejiang Construction Engineering Supervision Co., Ltd., Hangzhou Gem Hotel, Zhejiang Zhiwenchuang Co., Ltd., Zhejiang Tongren Elevator Engineering Co., Ltd., Zhejiang Trading Co., Ltd., Zhejiang Wansheng Auction Co., Ltd. and many other wholly-owned and holding entities.