On November 12, Gelunhui announced that recently, the Office of the Leading Group for the Recognition of National High-tech Enterprises certified and announced the registration of the second batch of high-tech enterprises in Beijing for 2024. Hangzhou CNCr-IT Corporation (referred to as the "Company") a wholly-owned subsidiary of Beijing Shida Science and Technology Co., Ltd. (referred to as "Beijing Shida Ke") was recognized as a high-tech enterprise.

This is a re-certification conducted by the subsidiary Beijing Shida Ke after the expiration of the original high-tech enterprise certificate held. According to relevant national regulations, the subsidiary Beijing Shida Ke will continue to enjoy the related tax preferential policies for high-tech enterprises of the country for three consecutive years starting from this high-tech enterprise certification (i.e. from the year 2024 to 2026), paying corporate income tax at a rate of 15%.