Is Hangzhou Rainbow Culture and Art Co., Ltd. a fraud company?

Hangzhou Rainbow Culture and Art Co., Ltd. is not a fraud company. Hangzhou Rainbow Music Culture and Art Exchange Center, established on 20 14, is located in Hangzhou, Zhejiang Province, and its business scope is "organizing mass music culture and art exchange activities (projects that must be approved according to law can only be carried out after approval by relevant departments)". The registered capital of this social organization is RMB 654.38 million.