Xinlong Holdings announced that its controlled subsidiary, Hunan Xinlong Nonwoven Materials, has been stripped of its high-tech enterprise qualification for the years 2022 through 2024. The company stated that this matter does not materially affect Hunan Xinlong’s day-to-day operations, but it may involve tax adjustments. The company will actively communicate with tax authorities and handle tax-related matters in compliance with laws and regulations. Hunan Xinlong re-obtained its high-tech enterprise qualification on December 16, 2024.
Xinlong Holding Group Co LtdSubsidiary lost high-tech enterprise status, risking tax adjustments.
Directly stripped of high-tech enterprise qualification for 2022-2024.