Recently, Qingdao Yuantong Machinery Co., Ltd. obtained the High-tech Enterprise Certificate Jointly approved and Issued by Qingdao Financial Bureau, Qingdao State revenue Department, Qingdao Local-tax Bureau. The company has been identified as high-tech enterprises, the certification was dated on December 23, 2008, and the validity period is 3 years (from 2008 to 2010).

        In accordance with national preferential tax policies for high-tech enterprises, it allows the high-tech enterprises that to reduce 15% enterprise income tax since issued within three years. The company will be in accordance with legal procedures to apply for preferential taxation policies.