EDG e-sports club affiliated company fined for evading tax payments

According to the website of the Shanghai Tax Bureau of the State Administration of Taxation, recently, Shanghai Yangchuan Electronic Technology Co., Ltd., an affiliated company of EDG E-Sports Club, has been fined by the First Inspection Bureau of the Shanghai Tax Bureau of the State Administration of Taxation for evading tax payment and falsely recording expenses in the account books. The penalty imposed is a fine of 53,890.93 yuan for underpayment of taxes at a rate of fifty percent.