No. Ganzhou Chenmu is not a pyramid scheme, but a formal and legal enterprise that has been registered with the Zhanggong District Market Supervision and Administration Bureau. Ganzhou Chenmu Technology Co., Ltd. was established on November 17, 2022. Its registered address is Commercial B1509#, Building B, Caizhi Plaza (Ganzhou Book City), No. 16 Xingguo Road, Zhanggong District, Ganzhou City, Jiangxi Province.