Shanjin International announced on October 16 that Jilin Banmiaozi Mining Co., Ltd., a subsidiary of the company, carried out a self-inspection of tax-related matters in accordance with the requirements of the local tax department. After self-inspection, some businesses in Banmiaozi, Jilin did not meet the conditions for enjoying preferential high-tech corporate income tax policies and had to pay 287 million yuan in corporate income tax and late payment fees for 2023-2025. As of the disclosure date of this announcement, all of the above taxes and late fees have been paid, and there are no administrative penalties involved in this supplementary tax payment. According to the relevant provisions of “Accounting Standard for Enterprises No. 28 - Changes in Accounting Policies, Accounting Estimates and Correction of Errors”, the above supplementary tax matters are not prior accounting errors and do not involve retroactive adjustments to financial data for the previous period. The above supplementary taxes and late payment fees will be included in the company's current profit and loss in 2026, and the amount of impact on the company's 2026 net profit attributable to shareholders of listed companies is ultimately based on the 2026 audited financial statements.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.