Is Bengbu Fiona Fang Electromechanical Co., Ltd. a state-owned enterprise?

Yes Anhui Fiona Fang Electromechanical Co., Ltd. is a newly established joint-stock enterprise after the restructuring of the former Jiangbei Machinery Factory in Anhui Province. Founded in 1966, the original site is located in Huoshan County, the old revolutionary base area of Dabie Mountain. Bengbu Fiona Fang Electromechanical Co., Ltd. is a state-owned enterprise. 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 country respectively, including enterprises at the same level and enterprises formed by investment step by step under the supervision of central and local state-owned assets supervision and administration institutions and other departments.