According to the "Administrative Measures for the Recognition of High-tech Enterprises" (Guo Ke Fa Huo [2016] No. 32) and the "Guidelines for the Recognition of High-tech Enterprises" (Guo Ke Fa Huo [2016] No. 195), Hubei Yihua Chemical Co., Ltd. (hereinafter referred to as "the Company") has recently had three wholly-owned subsidiaries recognized as high-tech enterprises. The qualification as a high-tech enterpri
000422SZSE
Announcement on the Recognition of High-tech Enterprises by Wholly-owned Subsidiaries
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Hubei Yihua Chemical Co., Ltd. announced that three of its wholly-owned subsidiaries have been recognized as high-tech enterprises, effective for three years from the issuance date. This recognition allows them to benefit from a reduced corporate income tax rate of 15%. The company expects a positive impact on its financial status and operational results.
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