Dahao Tech's Integrated Circuit Unit Renews Certification

MT Newswires Live
01-10

Beijing Dahao Technology's (SHA:603025) subsidiary, Beijing Xinghan Internet, was re-certified in Beijing Certification Institutions' list of integrated circuit enterprises, according to a Shanghai Stock Exchange filing on Friday.

The renewed certification is valid for three years, the Chinese sewing machine maker said.

Companies with the certification can pay a corporate income tax at a rate of 15%.

The company's shares rose more than 1% in recent trade.

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