Georges White Wholly Owned Subsidiary Will Not Continue To Declare Through High-Tech Enterprises.

In December 9th, Zhejiang Georges white dress Limited by Share Ltd (hereinafter referred to as "George White") announced that a wholly owned subsidiary, Yunnan Hao Xiang Garments Co., Ltd. (hereinafter referred to as "Yunnan Hao Xiang") has not been identified by high-tech enterprises in 2019.

According to the announcement, according to the December 22, 2016 Yunnan Provincial Department of science and technology, Yunnan provincial finance department, Yunnan State Taxation Bureau, and Yunnan Provincial Local Taxation Bureau, [2016]10, "the notice on the issuance of the list of high-tech enterprises and renamed high-tech enterprises in 2016", Yunnan Hao Xiang Garments Co., Ltd. was identified as a high-tech enterprise with a validity period of 3 years.

Yunnan Hao Xiang, in accordance with relevant regulations, carried out the declaration of the review of high-tech enterprises in 2019. Recently, relevant departments have been informed that Yunnan Hao Xiang has not been identified by high-tech enterprises. In 2019, Yunnan Hao Xiang no longer enjoyed the preferential tax policy of enterprise income tax for high and new technology enterprises, and the enterprise income tax should be paid at the rate of 25%.

According to the announcement, in view of the fact that Yunnan Hao Xiang paid the enterprise income tax at the rate of 15% in 2019, it was initially estimated that the corporate income tax would be about 1 million 762 thousand and 300 yuan, which accounted for 1.56% of the net profit of the listed company's shareholders in the consolidated audit report of the previous year.

Georges White said in the announcement that Yunnan Hao Xiang will continue to declare high-tech enterprises in 2020.

It is understood that George White is a Sino Italian joint venture focusing on the professional apparel industry. In 1989, the Pingyang shirt factory was established in Wenzhou. In 1995, it formally established the first domestic business professional wear enterprise in China. It has a white brand of professional wear, G73 and JZZ men's clothing brand.

According to the sky eye, Yunnan Hao Xiang was established in 2013. Its main business scope is the production and sale of clothing and accessories, daily sales, needle textiles, leather fur feather products, clothing shoes and hats, bedding, cultural and office supplies, hardware appliances, communication equipment, fresh vegetables and fruits, and food sales. (legally approved projects can be launched after approval by the relevant departments).