Is Xi Anzhongcai Group Co., Ltd. a state-owned enterprise?

Yes State-owned enterprises refer to wholly state-owned enterprises in which the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. Xi Sinoma Group Co., Ltd. is an enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council and invested by the state government. Therefore, Xi Sinoma Group Co., Ltd. is a state-owned enterprise. Xi Anzhongcai is a state-owned joint-stock company controlled by Sinoma Corporation, mainly engaged in cement technology and equipment and engineering services, cement, glass fiber, high-tech materials and other businesses.