Superior and subordinate. LU ZHOU LAO JIAO CO.,LTD Co., Ltd. is a subsidiary of LU ZHOU LAO JIAO CO.,LTD Co., Ltd., LU ZHOU LAO JIAO CO.,LTD Co., Ltd. is the controlling shareholder of LU ZHOU LAO JIAO CO.,LTD Co., Ltd. In addition, Luzhou SASAC, as the actual controller of LU ZHOU LAO JIAO CO.,LTD Co., Ltd., holds part of the shares of LU ZHOU LAO JIAO CO.,LTD Co., Ltd. The competent unit of Luzhou City is at the level. Here, we should distinguish between LU ZHOU LAO JIAO CO.,LTD Co., Ltd. Group Co., Ltd. and LU ZHOU LAO JIAO CO.,LTD Co., Ltd., both of which are state-owned enterprises in Luzhou. The former is a wholly state-owned enterprise and the latter is a state-controlled listed company. The former is also the largest controlling shareholder of the latter. Laojiao Group takes "becoming a world-class financial holding group with global influence" as its vision, takes the "two-wheel drive" of industry and finance as its starting point, focuses on the core business of wine industry, and strives to build an eco-oriented industrial chain "chain owner" enterprise, leading the construction of modern industrial ecological circle and world-class industrial cluster. Laojiao shares take "LU ZHOU LAO JIAO CO.,LTD Shares" and "Guojiao 1573" as brands, focusing on developing the wine market.