Yes.

According to inquiries from the Meizhou Municipal People’s Government, Guangdong Xingning Pearl Wine Factory was transformed from a state-owned enterprise into a limited liability company in 1997 and became a member of the Guangdong Pearl Group. Later, with the approval of the industrial and commercial department, it was renamed "Guangdong Pearl" Pearl Red Wine Co., Ltd.” In 2006, the "Pearl Red" trademark was recognized as one of the first batch of "Chinese Time-honored Brands" by the Ministry of Commerce.