Is Jiuli City a state-owned enterprise?

Yes. Chongqing Jiuli Tourism Holding Group Co., Ltd. is a state-owned company affiliated to the Pengshui County Government. It was established on June 13, 2011. The company’s current registered capital is 921.6 million yuan, of which: Pengshui County State-owned Assets Management Bureau contributes on behalf of the Pengshui County People’s Government 872.6 million yuan, holding 94.68% of the shares; China Development Bank Development Fund Co., Ltd. invested 49 million yuan, holding 5.32% of the shares. The current legal representative of the company: He Liang.

The company strictly complies with the "Company Law" and other modern enterprise systems to set up the board of directors, board of supervisors, management, etc., and currently has 1 chairman, 1 general manager, 2 deputy general managers, and 1 chief engineer. 1 financial director. The company has 10 departments including the General Department, Finance Department, Investment Department, Asset Operation Department, Engineering Department, Marketing Center, Safety Supervision Department, Political Work Department, Internal Audit Department, and Cultural and Creative Department, and currently has 476 employees.