Xinjiang Tianfu Energy's wholly-owned subsidiary received a VAT deferred tax refund of 172 million yuan.

Xinjiang Tianfu Energy (600509.SH) announced that its wholly-owned subsidiary Xinjiang Tianfu Green Energy Photovoltaic Power Co., Ltd. (referred to as "Green Energy Photovoltaic") has applied to the Shihhezi Economic and Technological Development Zone Tax Bureau of the State Administration of Taxation for VAT tax credit refund. After review by the tax authorities, the company was allowed to refund the accumulated VAT credit amounting to 1.72 billion RMB. Recently, Green Energy Photovoltaic has received the refund.