Legal subjectivity:

There are 13 items listed in the relevant articles (including the above-mentioned paid-in capital, capital reserves and account books, and license decals) that are subject to stamp duty, which are: 1. Purchase and sale contracts include supply, pre-purchase, procurement, purchase and sale combination and collaboration, adjustments, compensation, barter and other contracts with a decal of 0.3‰ based on the purchase and sale amount. 2. Processing and contracting contracts include processing, customization, repair, repair, printing, advertising, surveying and testing, etc. Contracts are denominated at 0.5‰ based on processing or contracting income. 3. Construction project survey and design contracts include survey and design contracts with a fee of 0.5‰ decal. 4. Construction and installation project contract contracts include construction and installation project contract contracts with a decal of 0.3‰ of the contract amount. 5. Property leasing contracts, including contracts leasing houses, ships, aircraft, motor vehicles, machinery, appliances, equipment, etc., are subject to a discount of 1‰ of the lease amount. 6. Cargo transportation contracts, including civil air transportation, railway transportation, maritime transportation, inland water transportation, road transportation and combined transport contracts, are decaled at a transportation cost of 0.5‰. 7. Warehousing and custody contracts include warehousing and custody contracts, and the warehousing and custody fee is decaled at 1‰. 8. Loan contracts Loan contracts signed by banks and other financial organizations and borrowers (including financial lease contracts but excluding inter-bank lending) are subject to a discount of 0.05‰ of the loan amount. 9. Property insurance contracts include property, liability, guarantee, credit and other insurance contracts, and a discount of 1‰ will be charged based on the insurance premium collected. 10. Technology contracts, including technology development, transfer, consulting, service and other contracts, will be deducted by 0.3‰ of the recorded amount. 11. Property rights transfer documents include property rights and copyrights, trademark exclusive rights, patent rights, and proprietary technology use rights*** 5 property rights transfer documents, land use rights transfer/transfer contracts, and commercial housing sales contracts (including joint-stock enterprises disclosed to the public For issued stocks, the property rights transfer documents written for purchase, inheritance, and gift) will be discounted by 0.5‰ of the recorded amount. 12. The production and operating account books that record funds in the operating account books included in the accounting will be discounted at 0.5‰ of the total amount of paid-in capital and capital reserve. Other account books are decaled at RMB 5 per piece. 13. Rights and licenses include house property rights certificates, industrial and commercial business licenses, trademark registration certificates, patent certificates, and land use certificates issued by government departments. The decal is 5 yuan per piece. The law is objective:

Article 4 of the "Reply of the Ministry of Finance to Recommendation No. 5079 of the Second Session of the Thirteenth National People's Congress"

In terms of stamp duty, for financial institutions and small and micro enterprises, The loan contract is exempted from stamp duty; if the enterprise conducts direct financing through equity issuance and other methods, if the total amount of paid-in capital and capital reserves increases compared with the total amount of stamp tax paid, starting from May 2, 2018, a 10,000-cent tax payment will be made. The stamp duty will be halved on the capital account book with the 5/5 tax rate decal.