Kinwong Electronic (Shenzhen) has recently announced that the Science Technology Department, Department of Finance, State Inland Revenue Bureau, and Local Inland Revenue Bureau of Guangdong Province have jointly issued a "list of company names with Chinese high-tech enterprise certification for 2017 in Guangdong Province) (No. 69 [2018] of Guangdong high-tech), and its subsidiary corporation, Kinwong Electronic Technology (Longchuan) Company Limited (abbreviated Longchuan Kinwong) has received high-tech enterprise certification.

 

       In 2011, after Longchuan Kinwong was first recognized with a high-tech enterprise certification, it is once again being recognized as a high-tech enterprise. Based on the privilege policies of related tax revenue and the aforementioned notification by the state of high-tech enterprise certification, Longchuan Kinwong will, starting from the year affirmed and through the next three years (from 1st January 2017 to 31st December 2019), render tax according to 15% of the corporate tax rate. Furthermore, the aforementioned privileged tax policy will not affect the already disclosed related financial information for 2017. (Source of information: PCB information network)