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Is Hainan Aofei Group a state-owned enterprise?
No. Hainan Aofei Group is a private enterprise, an organization invested by individual capital and engaged in production and business activities according to law, not a state-owned enterprise. It is a comprehensive cross-industry group company jointly funded by Aofei Game Holdings Co., Ltd., one of the leading enterprises in China's game industry, and Hainan expressway Group Co., Ltd., and the company is headquartered in Haikou City, Hainan Province.
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