The founder of Master Yao Jewelry is one of the founders of Lao Fengxiang. According to the inquiry, the founder of Changfu Jewelry is one of the founders of Yong 'an Jewelry, the predecessor of Lao Fengxiang. In the early 1930s, Yong 'an Jewelry Company was co-founded with Italian businessmen and became one of the early state-owned jewelry manufacturers.