Is COFCO Biotechnology Co., Ltd. a state-owned enterprise?

Yes, COFCO Biotechnology Co., Ltd. is a state-owned enterprise, which belongs to the world's top 500 COFCO Group Co., Ltd. COFCO Biotechnology is a corn deep processing enterprise with advanced scale and technology in China. It is committed to establishing a biotechnology innovation enterprise, providing nutritious and healthy special functional foods, as well as green bioenergy and bio-based degradable materials.