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Boji Shenzhou announced that its domestic wholly-owned subsidiary recently received a notice from the local tax authority approving adjustments to the tax declaration forms previously submitted by the company. The company has confirmed the tax issues with the tax authority and will timely pay a total of approximately RMB 446 million in taxes and penalties as required. Boji Shenzhou stated that its domestic wholly-owned subsidiary recently received a notice from the local tax authority approving adjustments to the tax declaration forms previously submitted by the company. The company has completed confirmation with the tax authority and will timely pay the full amount of taxes and penalties, totaling approximately RMB 446 million, as required. This matter does not involve administrative penalties. "Based on the relevant provisions of enterprise accounting standards, it is judged that this matter does not constitute a prior accounting error and does not involve retrospective adjustments to prior financial data. It is expected that this matter will not have a significant adverse impact on the company's financial condition, continuing operating capacity, and normal operation," Boji Shenzhou said. (21st Century Business Herald)