On December 12, 2024 and December 16, 2024, the Office of the Leading Group for the Management of National High tech Enterprise Recognition, in accordance with the relevant provisions of the "Management Measures for High tech Enterprise Recognition" and the "Guidelines for the Management of High tech Enterprise Recognition", publicly announced the second and third batches of high-tech enterprises recognized by Jiangsu Province's recognition institutions in 2024. Yangzhou Tengfei Cable and Electrical Materials Co., Ltd. and Jiangsu Wofeng New Materials Co., Ltd. successfully passed the high-tech enterprise recognition. Among them, Yangzhou Tengfei Cable and Electrical Materials Co., Ltd. was re evaluated and recognized, while Jiangsu Wofeng New Materials Co., Ltd. was recognized for the first time. According to China's "New Tax Law", two companies can enjoy a preferential policy of 10% reduction in income tax from 2024, valid for 3 years.

It is reported that the recognition of national high-tech enterprises refers to the official certification of enterprises that continuously conduct research and development and transform technological achievements in the "National Key Supported High tech Fields", form core independent intellectual property rights of enterprises, and carry out business activities based on this, while meeting a series of conditions. The scoring criteria involve the core independent intellectual property rights of enterprises, the ability to transform scientific and technological achievements, the organizational management level of research and development, growth indicators, and other aspects, and are authoritative standards for evaluating the comprehensive scientific and technological capabilities of domestic enterprises.

The recognition as a national high-tech enterprise this time is a strong affirmation of the comprehensive strength of Tengfei Company and Wofeng Company in scientific and technological innovation and achievement transformation, and is also an important driving force for the company to continuously improve its core competitiveness and influence. In the future, Tengfei Company and Wofeng Company will strictly follow the standards and specifications of high-tech enterprises in their work, continuously increase research and development efforts, accelerate the transformation of technological achievements, and empower the high-quality development of enterprises with technological innovation. (Reported by Zou Hongfei)