Guangxi Forestry Group was established on June 6, 2008 with the approval of the people's government of the autonomous region. It is a large state-owned enterprise directly under the autonomous region with a registered capital of 850 million yuan. SASAC of the autonomous region shall perform the investor's duties on behalf of the people's government of the autonomous region (before 20 13, the forestry department of the autonomous region shall perform the investor's duties).