Shanghai Sinyang recently received the "High-tech Enterprise Certificate" jointly issued by the Shanghai Municipal Science and Technology Commission, the Shanghai Municipal Finance Bureau, the Shanghai State Taxation Bureau, and the Shanghai Local Taxation Bureau, and the company successfully passed the re-certification of high-tech enterprises. According to the relevant state regulations on preferential tax policies for high-tech enterprises, the company will continue to enjoy high-tech enterprise income tax preferential policies for three consecutive years from 2015 to 2017 after being re-identified as high-tech enterprises, and pay enterprise income tax at a rate of 15%.
