According to Zhitong Finance App, Beijing Cree (002350.SZ) announced that Beijing Cree Borun Power Electronics Co., Ltd. (hereinafter referred to as “Cree Borun”), a wholly-owned subsidiary of the company, recently received a high-tech enterprise certificate jointly issued by the Beijing Municipal Science and Technology Commission, the Beijing Municipal Finance Bureau, and the Beijing Municipal Taxation Bureau of the State Administration of Taxation. Certificate number: GR202311005207; Date of issue: November 30, 2023; Validity period: three years. According to the country's preferential tax policy for high-tech enterprises, Cree Borun has been re-certified as a high-tech enterprise and levied corporate income tax at a rate of 15% within three years from the year of certification.