Has Hangzhou Saishi been acquired by the state?

No. Meichen Technology released the reorganization plan on the evening of May 14. The company intends to acquire 0/00% equity of Hangzhou Saishi Garden Group Co., Ltd. (hereinafter referred to as "Saishi Group") by issuing shares and paying cash at a transaction price of 600 million yuan. After the reorganization, the company's main business will be extended to the design and construction of landscaping projects. Meichen Technology is a private enterprise, so it was not acquired by the state, but by the enterprise.