Tianjin Binhai Teda Logistics (Group) Corporation Limited announced that its wholly-owned subsidiary, Tianjin Yuan Da Xian Dai Logistics Co., Ltd., has settled RMB7.16 million in back taxes, surtaxes and late-payment surcharges following a ruling by the Third Inspection Bureau of the Tianjin Municipal Tax Service.

The investigation found that seven special value-added tax invoices, totaling RMB7.19 million (including RMB1.04 million VAT), received in October 2016 for coal purchases were falsely issued. By offsetting these invoices, the subsidiary under-reported taxes by RMB2.62 million, an act the authorities classified as tax evasion.

Key figures: • Amount of questioned invoices: RMB7.19 million • Under-reported tax identified: RMB2.62 million • Tax and surtax repayment ordered: RMB2.68 million • Total payment (taxes, surtaxes, surcharges) made: RMB7.16 million

The Tianjin tax authority decided not to impose additional administrative penalties. The parent company had already recorded an estimated RMB7.09 million provision for the issue in its financial statements for the year ended 31 December 2025. Management stated that the matter relates to historical transactions, has been fully resolved, and is not expected to have a material adverse impact on current operations.

Shareholders and potential investors were advised to exercise caution when dealing in the company’s shares.