No, according to Chanzhiyun official website, Chanzhiyun belongs to Shanghai Chanzhiyun Clothing Co., Ltd., which was established in 2007 and is located in Shanghai. As of June 1 day, 2023, it was in normal business and did not close down. Shanghai Chanzhiyun Underwear Clothing Co., Ltd. was established in 1996, which is a large-scale underwear operation enterprise integrating R&D, women's underwear design, production, sales and service.