1. According to the inquiry of official website of Zhejiang Fu You High-tech Fiber Co., Ltd., Zhejiang Fu You High-tech Fiber Co., Ltd. is a provincial state-owned holding company and a state-owned enterprise.
2. Zhejiang Province, referred to as "Zhejiang" for short, is the provincial administrative region of People's Republic of China (PRC), with Hangzhou as its capital. It is located in the southeast coast of China, the south wing of the Yangtze River Delta, the East China Sea in the east, Shanghai and Jiangsu in the north, Fujian in the south and Anhui and Jiangxi in the west.