Innovative Industries (02788.HK) subsidiary Inner Mongolia Chuangyuan successfully completed tax payment.

Intelligence Financial News APP, Innovation Industrial (02788.HK) announced that its subsidiary Inner Mongolia Chuangyuan Metal Co., Ltd. (Inner Mongolia Chuangyuan) is receiving tax guidance due to its eligibility for high-tech enterprise tax incentives. According to the notice from the tax authorities and relevant tax guidance policies, Inner Mongolia Chuangyuan is required to pay an additional tax of approximately RMB 476 million. As of the date of this announcement, Inner Mongolia Chuangyuan has already paid the above-mentioned taxes in full, without incurring any tax administrative penalties.