Is Chinese Medicine Holding Co., Ltd. a state-owned enterprise?

Yes As a wholly-owned subsidiary of China Pharmaceutical Group Co., Ltd. (hereinafter referred to as "Sinopharm Group"), Sinopharm Group is the only central enterprise directly managed by the State Council SASAC. As the core platform of the Chinese medicine industry sector of Sinopharm Group, Chinese Medicine Holding Co., Ltd. belongs to the state-owned enterprises in the sequence of central enterprises. Traditional Chinese Medicine Holding Co., Ltd. is the core platform of the traditional Chinese medicine industry sector under China Pharmaceutical Group Co., Ltd., which is listed on the main board of Hong Kong Stock Exchange, and its headquarters management center is located in Foshan, Guangdong.