Is Guocheng Holding Group Co., Ltd. a state-owned enterprise?

No Guocheng Holding Group Co., Ltd. (hereinafter referred to as "Guocheng Group") is a large enterprise group mainly engaged in mining, new energy, chemical industry, trade and investment, not a state-owned enterprise. "State-owned enterprises" generally refer to "state-owned enterprises". State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively.