Yes. The tag is printed in a printing factory, then cut into shape, and then a machine is used to punch the hole for the tag, and then a rope is used to thread it through.
A hangtag is a trademark hung on the shoes, which contains information such as the brand, factory address and contact information.
Hangtag, HANGTAG, is a card tied to the shoe with a snap buckle. It is usually made of paper, with some material components, brand promotion and other contents printed on it. There are often hangers on clothing, but not often on shoes, but basically there are hangers on branded shoes.
In fact, it is something introduced by the brand!