Sunfly Tech stripped of high-tech enterprise status for 2021 to 2023

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Sunfly Tech announced that the company has been stripped of its high-tech enterprise status for 2021 to 2023. Because its taxable income after adjustments was negative for 2021 to 2023, this matter does not involve back payment of corporate income tax, but the company must repay the tax benefits it already enjoyed plus corresponding late fees, with the specific amount to be confirmed by the tax authorities. The matter does not involve retrospective adjustment of prior financial data. The back taxes will be charged to current profit or loss and will not affect the company's normal production and operations.

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Sunfly Intelligent Technology Co Ltd
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Sunfly Tech was stripped of its high-tech enterprise status for 2021-2023, forcing it to repay previously enjoyed tax benefits plus late fees.