Chongyi Zhangyuan Tungsten Co., Ltd. stated on January 19 that the company and its subsidiary Ganzhou Achtech Co., Ltd. recently received a high-tech enterprise certificate jointly issued by the Jiangxi Provincial Department of Science and Technology, the Jiangxi Provincial Department of Finance, and the State Administration of Taxation and Jiangxi Provincial Taxation Bureau.

Zhangyuan Tungsten said that it obtained the certification again after consecutive certification in 2011, 2014, 2017; it is also the third time that Achtech, a subsidiary company, was recognized as a high-tech enterprise after it was first recognized in 2014 and again in 2017. According to relevant regulations, high-tech enterprises recognized according to law may apply for preferential tax policies. Accordingly, both the company and its subsidiary Achtech can continue to enjoy the preferential policy of 15% corporate income tax, valid for three years.