Yes. According to checking the official website of Linyi City Caijin Investment Group, Linyi City Caijin Investment Group is a state-owned enterprise with establishment, which is an iron rice bowl. Linyi Caijin Group is a limited liability company (wholly state-owned) incorporated in Lanshan District, Linyi City, Shandong Province on April 23, 2018, with its registered address at No. 338, East of Yimeng Road South, Lanshan District, Linyi City, Shandong Province. The business scope of Linyi Caijin Group is: investment operation and management (excluding industries restricted by laws and regulations, self-employment); equity investment, entrusted asset management, investment consulting, bidding and purchasing agent; undertake the investment function of major projects of Lanshan District Government, etc.