1. Corporate income tax rate Basic tax rate: 25%

2. Tax rate of qualified small-scale low-profit enterprises: 20%.

3. High-tech enterprises: 15%

4. Encourage industrial enterprises in the western region: 15%

5. Advanced technical service enterprises: 15%

6. Encouraged industrial enterprises located in Hengqin New District, Pingtan Comprehensive Experimental Zone and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone: 15%.

7. Third-party enterprises for pollution prevention and control: 15%

8. Encouraged industrial enterprises registered in Hainan Free Trade Port and operating substantially: 15%.

9. Key industrial enterprises in Lingang New District of China Pilot Free Trade Zone: 15%.

10. Integrated circuit manufacturer: 15%

1 1. Key software enterprises and integrated circuit design enterprises: 10%

12. Enterprises in integrated circuit design and software industry: enterprise income tax shall be exempted from the first year to the second year, and enterprise income tax shall be halved according to the statutory tax rate of 25% from the third year to the fifth year.

13. Non-resident enterprises: 10%

Legal basis:

Article 28 of the Enterprise Income Tax Law of People's Republic of China (PRC) shall levy enterprise income tax at a reduced rate of 15% for high-tech enterprises that need special support from the state.

Article 2 of the Notice of the General Administration of Customs of the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China on Further Implementing the Strategy of Developing the Western Region, from1October 201to February 3 1 2020, the tax rate for encouraged industrial enterprises located in the western region will be reduced by 15%. The above-mentioned encouraged industrial enterprises refer to enterprises whose main business is the industrial projects specified in the Catalogue of Encouraged Industries in Western China, and whose main business income accounts for more than 70% of the total income of the enterprise.

Circular of the Ministry of Finance, State Taxation Administration of The People's Republic of China, the Ministry of Commerce, the Ministry of Science and Technology and the National Development and Reform Commission on Extending the Income Tax Policy for Technologically Advanced Service Enterprises to the Whole Country Article 1 From 20 17 and 1, enterprise income tax will be levied at a reduced rate of 15% for the nationally recognized technologically advanced service enterprises.

Circular of the Ministry of Finance, the National Development and Reform Commission, State Taxation Administration of The People's Republic of China, the Ministry of Commerce and the Ministry of Science and Technology on Extending the Income Tax Policy of Advanced Technology Service Enterprises in the Pilot Area of Service Trade Innovation and Development to the whole country. Article 1 From 20 18, 1, the enterprise income tax shall be levied at the reduced rate of 15% for the recognized technologically advanced service enterprises (service trade).

Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on the preferential policies and contents of enterprise income tax in Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in Pingtan Comprehensive Experimental Zone of Guangdong Hengqin New District Article 1 The enterprise income tax shall be levied at the reduced rate of 15% for encouraged industrial enterprises located in Hengqin New District, Pingtan Comprehensive Experimental Zone and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. The above-mentioned encouraged industrial enterprises refer to enterprises whose main business is the industrial projects specified in the Catalogue of Preferential Enterprise Income Tax in this region (see Annex), and whose main business income accounts for more than 70% of the total enterprise income. The above total income refers to the total income stipulated in Article 6 of the Enterprise Income Tax Law of People's Republic of China (PRC).

Announcement of the Ministry of Finance, State Taxation Administration of The People's Republic of China and the Ministry of Ecology and Environment of the National Development and Reform Commission on the Income Tax Policy for Third Party Enterprises Engaged in Pollution Prevention and Control Article 1 The enterprise income tax shall be levied at a reduced rate of 15% for qualified third party enterprises engaged in pollution prevention and control. The term "third-party prevention and control enterprises" as mentioned in this announcement refers to enterprises entrusted by sewage enterprises or the government to be responsible for the operation and maintenance of environmental pollution control facilities (including automatic continuous monitoring facilities, the same below).

Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Preferential Policies for Enterprise Income Tax in Hainan Free Trade Port Article 1 The enterprise income tax shall be levied at the reduced rate of 15% for encouraged industrial enterprises registered in Hainan Free Trade Port and having substantial operations. The encouraged industrial enterprises mentioned in this article refer to enterprises whose main business is the industrial projects specified in the Catalogue of Encouraged Industries in Hainan Free Trade Port, and whose main business income accounts for more than 60% of the total enterprise income. Substantive management means that the actual management organization of an enterprise is located in Hainan Free Trade Port, which implements substantive and comprehensive management and control over the production and operation, personnel, accounts and property of the enterprise. Enterprises that do not meet the substantive operation shall not enjoy preferential treatment.

Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Enterprise Income Tax Policies for Key Industries in Lingang New Area of China (Shanghai) Pilot Free Trade Zone Article 1 If a qualified legal person enterprise engages in related products (technologies) in key areas such as integrated circuits, artificial intelligence, biomedicine and civil aviation, and engages in substantial production or R&D activities in the new area, the enterprise income tax shall be levied at a reduced rate of/kloc-0.5% within five years from the date of its establishment.

The Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Enterprise Income Tax Policies to Further Encourage the Development of Software Industry and Integrated Circuit Industry stipulates that integrated circuit manufacturers whose integrated circuit line width is less than 0.25 micron or whose investment exceeds 8 billion yuan will be levied enterprise income tax at a reduced rate of 15% after being identified, and those whose operating period exceeds 15 years. The preferential period is calculated from the profit-making year before 20 17 12 3 1, the enterprise income tax is exempted from the first year to the fifth year, and the enterprise income tax is reduced by half at the statutory tax rate of 25% from the sixth year to the tenth year until the expiration.

The Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Further Encouraging the Development of Enterprise Income Tax Policy for Software Industry and Integrated Circuit Industry stipulates that key software enterprises and integrated circuit design enterprises within the national planning layout may be subject to enterprise income tax at a reduced rate of 10%.

The Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on the Applicable Policies for the Final Settlement and Payment of Enterprise Income Tax for Integrated Circuit Design Enterprises and Software Enterprises in 20 19 stipulates that legally established and qualified integrated circuit design enterprises and software enterprises shall be exempted from enterprise income tax from the first year to the second year after the profit-making year before 3 12+09.