Is Vantage Group a state-owned enterprise?

No. State-owned enterprises, that is, 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 enterprise level and their investment step by step. According to Aiqi's information, Huadi Group refers to Shenzhen Huadi Group Co., Ltd., which was established on August 6, 20 12. Registered in Shenzhen Municipal Market Supervision Administration. The actual beneficiary is Heke, which does not meet the definition of state-owned enterprises. To sum up, Vantage Group is not a state-owned enterprise.