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The Relationship between Hang Seng He Rui Group and Tea White Road
Chengdu Chabaidao Catering Management Company, a parent company, is a wholly-owned subsidiary of Sichuan Hengsheng He Rui Industrial Group Co., Ltd., which was established on 20181. 84.888% of the shares of the parent company Hengsheng He Rui Industrial Group belong to Chengdu Jinbaisen Enterprise Management Co., Ltd., and Jinbaisen is jointly owned by Wang Xiaolong and Liu Yuhong, with a shareholding ratio of 6: 4.