Is Laiwu Hao Ying Investment Group a state-owned enterprise?

Yes Laiwu Hao Ying Investment Group Co., Ltd. is a wholly state-owned limited liability company and a state-owned enterprise. Shandong Yuanhao Urban and Rural Development Group Co., Ltd. (formerly known as Shandong Yuanhao Urban Construction Investment Group Co., Ltd.), established on 20 10, located in Jinan City, Shandong Province, is an enterprise focusing on business services, with general projects: house demolition services; Water resources management; Water pollution control; Land remediation services; Public utility management services; Project planning and public relations services; Municipal facilities management; Commercial complex management services; Enterprise management; Planning and consulting of tourism development projects; Asset management services invested by its own funds; Engage in investment activities with its own funds; Soil erosion prevention and control services; Parking service; Engineering management services; Housing lease; Non-residential real estate leasing; Lease of land use right; Sales of building materials; Sales of building decoration materials; Sales of metal materials; Timber sales; Wholesale of hardware products; Retail of hardware products; Sales of valves and cocks; Sales of plastic products; Sales of nonferrous metal alloys, etc.