Is Haijiao Group a state-owned enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, the capital of Haijiao Group is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. The full name of Haijiao Group is Hainan Natural Rubber Industry Group Co., Ltd., which was established on March 3, 20051201and listed on Shanghai Stock Exchange on March 7, 20051.