Is Weiwei shares a state-owned enterprise or a private enterprise?

Weiwei Group is a state-controlled joint-stock enterprise, with social enterprise legal persons and employees as shareholders.

1In August, 1999, Xuzhou Weiwei, with Weiwei Group, Zhenghe Food, Jinyuan Industry, Hengtian Hotel and Wufeng Food abroad as shareholders, was legally changed to Xuzhou Weiwei Food and Beverage Co., Ltd. (hereinafter referred to as "Weiwei Shares"). The shareholding structure of Weiwei shares is: Weiwei Group holds 63.76% of the shares of the joint-stock company, and Wufeng Food holds 36% of the shares of the joint-stock company.