No, according to official website of Shanqiancheng (Yunnan) Brand Operation Co., Ltd., the company was established on May 29, 2023, registered by the industrial and commercial departments, with formal qualifications and legal protection, which is not a lie. Lu Qiujing, the legal representative of Shanqiancheng (Yunnan) Brand Operation Co., Ltd., has a registered capital of 6,543,800 yuan+0.95 million yuan.