Sundiro Holding Co.Ltd(000571) : Announcement on the company’s receipt of the decision on tax preservation measures

Securities code: 000571 securities abbreviation: St continental Announcement No.: pro 2022-013 Sundiro Holding Co.Ltd(000571)

Announcement on the company’s receipt of the decision on tax preservation measures

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Sundiro Holding Co.Ltd(000571) (hereinafter referred to as “the company” or “Xindazhou holding”) received the decision on tax preservation measures (applicable to seizure / seizure) (Haikou Guilin Yang Economic Development Zone tax Bao Feng [2022] No. 2202001) issued by the tax bureau of Haikou Guilin Yang Economic Development Zone under the State Administration of Taxation on February 23, 2022. The relevant contents are hereby announced as follows:

1、 Main contents of the document

“In view of your failure to pay taxes (late fees and fines) as required, according to the provisions of item 2, paragraph 1, Article 38 and item 2, paragraph 1, Article 40 of the tax collection and administration law of the people’s Republic of China, and with the approval of the director of the tax bureau of Haikou Guilin Yang Economic Development Zone of the State Administration of Taxation, it is decided to punish you (the unit) from February 21, 2022 to August 15, 2022 One foreign equity investment shall be sealed up. If the tax has not been paid at the expiration of the tax period, the foreign equity investment sealed up will be auctioned or sold according to law to offset the tax.

If you are not satisfied with this decision, you may apply to the State Administration of Taxation Haikou Taxation Bureau for administrative reconsideration according to law within 60 days from the date of receiving this decision, or bring a lawsuit to the people’s court according to law within six months from the date of receiving this decision. “

Seal up the list of foreign equity investment of Xindazhou Holdings:

No. commodity, goods or amount remarks

Other property of the owner

name

1. Foreign equity investment as of January 31, 2022, Xindazhou Holdings (the investee is Shanghai Xindazhou asset taxpayer identification number: 914600002012894880) owes Investment Co., Ltd. (taxpayer identification payment, period number: 9131011857414058×4 from January 1 to December 31, 2017). The enterprise income tax is 41338004.41 yuan (in words: the investment amount of sixindazhou holdings in Shanghai Xindazhou Investment Co., Ltd. is RMB 11 million three hundred and thirty-eight thousand four point forty-one), The overdue fine is tentatively set at 31221455.95 yuan (RMB 300 million yuan), and the investment proportion is thirty-one million two hundred and twenty-one thousand four hundred and fifty-five 100%. Now the amount of equity investment is sealed up

The overdue fine is RMB 72559460.36 from June 1, 2018 to January 31, 2022, accounting for 24.19% of its total investment

According to 210 days in 2018 and 365 days in 2019,

366 days in 2020, 365 days in 2021, 2022

31 days in, the amount of overdue fine in this part is to

27634455.95 yuan, the specific amount is based on the actual payment

The amount calculated by the daily gold tax phase III system shall prevail

The amount of overdue fine owed by the company is 3587000.00

The total amount of tax and overdue fine is

72559460.36 yuan (in words: seven thousand two hundred and fifty yuan)

Nine thousand four hundred sixty yuan and thirty-six cents).

2、 Relevant description

The above equity has been sealed up by the tax bureau of Haikou Guilin Ocean Economic Development Zone of the State Administration of Taxation since December 14, 2020. For details, the company disclosed it in China Securities News, securities daily and cninfo on December 17, 2020( http://www.cn.info.com.cn. )Announcement on the company’s receipt of the decision on tax preservation measures (Announcement No.: pro 2020-179), this time it was sealed up again after the expiration of the sealing up period.

3、 Tax arrears of the company

The income tax payable on the equity income of Xindazhou Honda Motorcycle Co., Ltd. sold in 2017 is 51007592.87 yuan. As of the disclosure date of this announcement, the company has paid 11169588.46 yuan of tax (excluding overdue fine), 39838004.41 yuan of tax outstanding (excluding overdue fine) and 31844138.01 yuan of overdue fine.

4、 Impact on the company

Shanghai Xindazhou Investment Co., Ltd., a wholly-owned subsidiary of the company, is the company’s foreign investment platform. The company’s consolidated statement operating revenue in 2020 was 253842300 yuan, accounting for 25.66% of the company’s consolidated statement operating revenue in 2020. The above sealed up equity will not have a significant impact on the production and operation of the company, but the tax rating and credit rating of the company will be significantly negatively affected. For example, the tax bureau of Haikou Guilin Yang economic development zone has taken enforcement measures, and the assets of the company may be auctioned. The company has communicated with the tax bureau and basically implemented the payment plan for 2021 according to the requirements of the tax bureau. It will actively raise funds and continue to pay the remaining taxes within 2023 according to the proposed plan.

The company will fulfill the obligation of information disclosure in time. The company reminds investors: “China Securities Journal, securities daily and cninfo (www.cn. Info. Com. CN.) It is the information disclosure media selected by the company in 2022. All information of the company shall be subject to the information published in the above designated media. Please invest rationally and pay attention to risks. “

The above is hereby announced.

Sundiro Holding Co.Ltd(000571) board of directors February 24, 2022

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