No. Shanghai Yongfeng Co., Ltd. is a private enterprise company in the transportation/logistics/transportation industry. Shanghai Yongfeng Group is not a state-owned enterprise. Yongfeng Group Company has subsidiaries including Shanghai Yongfeng Hot-dip Galvanizing Co., Ltd., Shanghai Jufeng Hot-dip Galvanizing Co., Ltd., Haiyang Yongfeng Hot-dip Galvanizing Co., Ltd., Wuxi Juyongfeng Environmental Protection Technology Co., Ltd., and Anshan Yongfeng Hot-dip Galvanizing Co., Ltd. The company, Yuyao Yonglin Machinery Technology Co., Ltd., and Dezhou Jufeng Hot-dip Galvanizing Co., Ltd. are headquartered in Shanghai.