Brief: Jiangsu Innovative Ecological New Materials Says Jiangsu Chuangxin Withdrew Review Application For "High And New Technology Enterprise" Qualification

Jiangsu Innovative Ecological New Materials

13/03/2020 12:59

March 13 (Reuters) - Jiangsu Innovative Ecological New
Materials Ltd  2116.HK :
    * JIANGSU CHUANGXIN WITHDREW REVIEW APPLICATION FOR "HIGH
AND NEW
TECHNOLOGY ENTERPRISE" QUALIFICATION
    * JIANGSU CHUANGXIN WILL NOT BE ENTITLED TO PREFERENTIAL
CORPORATE
INCOME TAX RATE OF 15%
    * HIGHLY LIKELY FOR JIANGSU CHUANGXIN TO REGAIN "HIGH AND
NEW
TECHNOLOGY ENTERPRISE" QUALIFICATION IN 2020
    * EXCLUSION FROM QUALIFICATION TO LEAD TO INCREASE OF INCOME
TAX
EXPENSES IN 2019 OVER 2018

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Further company coverage:  2116.HK 

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