BOC Rongye (000982): Wanguan Industry Was Recognized As A High-Tech Enterprise

BOC Rongye (000982) announced in the evening of February 24 that its holding subsidiary Henan Wanguan Industrial Co., Ltd. ("Wanguan Industrial") had recently received the Notice on Identifying High tech Enterprises in Henan Province in 2022 (YK [2023] No. 18) issued by the Department of Science and Technology of Henan Province, the Department of Finance of Henan Province and the Henan Taxation Bureau of the State Administration of Taxation, Wanguan Industry was identified as a high-tech enterprise, and the filing certificate number was GR202241002280.

According to the Enterprise Income Tax Law of the People's Republic of China and its implementation regulations, the Administrative Measures for the Recognition of High tech Enterprises and other relevant provisions, Wanguan Industry can enjoy the relevant preferential tax policies for high-tech enterprises for three consecutive fiscal years starting from the year when the high-tech enterprise certificate is issued, that is, to pay enterprise income tax at the rate of 15%. Wanguan Industry will go to the competent tax authorities to handle the relevant matters of tax preferential policies in accordance with legal procedures. Wanguan Industrial passed the identification of high-tech enterprises this time, which helps to reduce its income tax expenses, has a positive impact on the financial situation of Wanguan Industrial and the company, and also fully affirms the enterprise's technological research and development and independent innovation capabilities, which is conducive to the company's continuous improvement of its core competitiveness and influence, and has a positive role in promoting the business development of the enterprise.