What is the relationship between Wanfu Jewelry and Lao Fengxiang?
This is an agency relationship. According to the enterprise survey, Wanfu Jewelry is a leading enterprise in Linyi gold jewelry industry. Wanfu Jewelry and its agent Laofengxiang brand have a strong market position in Linyi, and its gold jewelry sales can account for more than 40% of the local market every year. Wanfu Jewelry and Laofengxiang are agents.