Is Lianhua Property Group a state-owned enterprise?

No, according to the inquiry, Lotus Property Group is not a state-owned enterprise, but a private enterprise in Shenzhen. Established in 1990, Shenzhen Lianhua Property Management Co., Ltd. is the first batch of first-class property management qualified enterprises in China, the executive director unit of china property management institute and Shenzhen Property Management Association, the top 100 property management enterprises in China and the top 20 comprehensive property management enterprises in Shenzhen.