Two subsidiaries of Shandong Jincheng Pharmaceutical Group (300233.SZ) have completed the payment of taxes and late fees.

Jincheng Pharmaceuticals (300233.SZ) announced that its controlling subsidiary, Guangdong Jincheng Ginseng Pharmaceutical Co., Ltd. ("Jincheng Ginseng"), and its wholly-owned subsidiary, Guangdong Landu Pharmaceutical Co., Ltd. ("Landu Pharmaceutical"), recently received a "Tax Handling Decision" issued by the Zhongshan City Tax Bureau of the State Administration of Taxation. According to the tax authority's inspection of the tax situation of Jincheng Ginseng and Landu Pharmaceutical for the years 2017 and 2018, Jincheng Ginseng and Landu Pharmaceutical were required to pay a total of 21.5968 million yuan in back taxes and penalties. As of the date of this announcement, Jincheng Ginseng and Landu Pharmaceutical have paid the taxes and penalties in full.