Is Rugao Port Group Co., Ltd. a state-owned enterprise?

Rugao Port Group Co., Ltd. is not a state-owned enterprise. Rugao Port Group Co., Ltd. (hereinafter referred to as "Rugao Port") was established in 2003, which is a port management enterprise in Rugao City, Jiangsu Province, China. According to public information, Rugao Port is a limited liability company jointly funded by Rugao Investment Holding Co., Ltd. and Rudong Shipping Co., Ltd., and it is one of the largest liquid chemical ports in the lower reaches of the Yangtze River. Rugao Port may have some cooperation and contact with state-owned enterprises in the process of operation and management, but it is not directly controlled or managed by state-owned enterprises. According to People's Republic of China (PRC) Company Law, People's Republic of China (PRC) State-owned Assets Law and other relevant laws and regulations, Rugao Port Group Co., Ltd. is a private limited liability company and a non-state-owned enterprise.