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Sunrise New Energy Announces It has been Certified as a Provincial High-tech Enterprise for the Year 2023 by Guizhou Science and Technology Department
ZIBO, China, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced Sunrise
About this update from E-power Inc.
[{"type":"text","content":"ZIBO, China, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced Sunrise has been certified as one of the Provincial High-tech Enterprises for the year 2023, as announced on the official website of the Guizhou Science and Technology Department. The successful designation as a High-tech Enterprise signifies that the Company possesses excellent innovation capabilities, strong market competitiveness, and high management efficiency. Enterprises awarded this title requires not only high-tech patents but also favorable revenues with high growth potential. Being recognized as a High-tech Enterprise comes with various benefits and support, including the following: High-tech Enterprises can enjoy a 40% reduction in the corporate income tax rate from the basic rate. High-tech Enterprises are exempt from business tax on income derived from technology transfer, technology development, and related technology consulting and services. Financial institutions such as banks and industrial funds have special funds to support the industrialization of High-tech Enterprises, including venture capital investment, patent loans, loan interest subsidies, and loan guarantees. The government has established funds for the development and protection of intellectual property rights for High-tech Enterprises. The patent application fees and maintenance fees are subsidized, and funding support is provided for production and manufacturing of patent technologies. \"We are honored to be recognized as one of the High-tech Enterprises in Guizhou Province for 2023. This is a recognition of Sunrise's leading position of technological research and development, as well as the transformation of high-tech into tangible products,\" said Sunrise’s Chairman, Mr. Haiping Hu. \"This not only brings prestige but also provides the company with policy benefits and financial support, including tax reductions, loan interest subsidies, talent rewards, and policy guarantees for the coming years, effectively supplementing the company's cash flow. Additionally, it helps attract more outstanding talents to join Sunrise.\" About Sunrise New Energy Co., Ltd Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of ...