Is Zhuhai Dahengqin Group a state-owned enterprise?

Yes State-owned enterprises are the government's ownership or control over their capital, which determines their behavior. And the holding of state-owned enterprises is above 5 1%. Zhuhai Dahengqin Group Co., Ltd. is a state-owned enterprise directly under the State-owned Assets Supervision and Administration Commission of Zhuhai Municipal People's Government established in April 2009. The shareholders of the company are the State-owned Assets Supervision and Administration Commission of Zhuhai Municipal People's Government, with a shareholding ratio of 90.2069%, and the Guangdong Provincial Department of Finance, with a shareholding ratio of 9.79 1%. Shareholders are all state government agencies, with a shareholding ratio of 90%. Therefore, Zhuhai Dahengqin Group is 100% state-owned enterprise.