Sinobioway Group is 60% owned by an intermediate holding company Hainan Tiandao Investment () However, according to the National Enterprise Credit Information Publicity System, the stake of Sinobioway Group were pledged in full or in part several times by the intermediate holding and Zhao Furong, in October 2012 (by Zhao personally), December 2014, June 2015, November 2015 and December 2016, to Chengdu Haizhen Investment (twice, ),
Guoyuan Trust (), Shenzhen Central Yunnan Commercial Factoring () and
1314 Fund (). The second largest shareholder of Sinobioway Group was the
Peking University for 40% stake. In the past Zhao Furong owned 30% personally as the joint-second largest shareholder of Sinobioway Group (behind the Peking University which owned 40%) in 2005. ==References==