No, Nongfu Spring is not a foreign-funded enterprise, but a private enterprise in China. The company was founded by Zhong Shanshan, a native of China, and is headquartered in Hangzhou, Zhejiang. Nongfu Spring focuses on the development and promotion of natural water, fruit and vegetable juice drinks, special drinks, tea drinks and other soft drinks. Therefore, it is incorrect to say that Nongfu Spring is a foreign-funded enterprise. Nongfu Spring registered its trademark on July 30th, 1998. Since its establishment, it has sponsored many sports activities, become the designated water for many official activities, and become the official partner of 2065 438+09 FINA. On September 8, 2020, Nongfu Spring officially landed on the Hong Kong Stock Exchange, and the opening price increased by more than 85%.