On January 16, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on the Continuation of the Implementation of Preferential Policies for Personal Income Tax". In order to support the innovative development of my country's enterprises and the opening of the capital market, the relevant preferential policies for personal income tax are hereby announced as follows: 1. "Financial Announcement" The preferential separate tax calculation policy for equity incentives of listed companies stipulated in the Announcement of the Ministry of Finance and the State Administration of Taxation on the continuation of the preferential personal income tax policies for annual one-time bonuses and other personal income taxes (Announcement No. 42 of the Ministry of Finance and the State Administration of Taxation of 2021), starting from January 1, 2023 It will continue to be implemented from now until December 31, 2023.

2. "Announcement of the Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission on the continuation of the implementation of the Shanghai-Hong Kong and Shenzhen-Hong Kong stock market interconnection mechanism and the relevant personal income tax policies on the mutual recognition of funds between the Mainland and Hong Kong" (Announcement No. 93, 2019, of the Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission)

) will continue to be implemented from January 1, 2023 to December 31, 2023.

In addition, according to the "Announcement on the Continuation of the Implementation of Preferential Personal Income Tax Policies such as One-time Bonuses throughout the Year" issued by the Ministry of Finance and the State Administration of Taxation on December 31, 2021, the "Ministry of Finance and the State Administration of Taxation's Convergence of Relevant Preferential Policies after the Amendment to the Personal Income Tax Law"

The preferential policy for separate tax calculation of annual one-time bonuses stipulated in the "Notice on Issues" has been extended to December 31, 2023; the "Announcement of the Ministry of Finance and the State Administration of Taxation on Relevant Policy Issues Related to the Final Settlement and Settlement of Comprehensive Personal Income Tax" stipulates

The implementation period of the preferential policy of exempting from the final settlement and settlement of personal income tax has been extended to December 31, 2023.