The fine is about 114000 yuan! Conch Subordinate Enterprises Fined for Tax Evasion

2025, the First Inspection Bureau of Xiangyang Taxation Bureau of the State Administration of Taxation issued the Decision on Administrative Penalty (Document No.: Xiang Shui Yi Ji Fa [2025] No.25), imposing a penalty of RMB 114,089,320 on Xiangyang Conch New Material Technology Co., Ltd. for tax evasion.

The penalty decision shows that Xiangyang Conch New Material Technology Co., Ltd. has the illegal fact of less income and less tax declaration and payment, and is punished according to Article 63, paragraph 1, of the Law of the People's Republic of China on Tax Collection and Administration and the Discretionary Benchmark of Tax Administrative Penalties in Central and Southern China. According to

the data, Xiangyang Conch New Material Technology Co., Ltd. is a wholly-owned subsidiary of Anhui Conch Material Technology Co., Ltd. Anhui Conch Material Science and Technology Co., Ltd. is jointly funded by Anhui Conch Kechuang Material Co., Ltd. (Holding 50% of the 72464), Hubei Xin Leading Equity Investment Co., Ltd. (Holding 28% of the 98551) and Linyi Haihong New Material Science and Technology Co., Ltd. (Holding 20% of the 28986). Among them, Anhui Conch Kechuang Material Co., Ltd. is a wholly-owned subsidiary of Anhui Conch Group Co., Ltd.