Fine Arts shares announced today, due to the company's holding subsidiary of Fine Arts Ravanchi 2009 staff changes, resulting in its research and development staff accounted for not up to the proportion of the company's High-tech enterprises to determine the standards of the "research and development staff accounted for more than 10% of the total number of employees in the Enterprise", In the 2009 annual income tax settlement work completed on June 4, 2010, Foshan Shunde District State Taxation Bureau of North Kau Tax Branch required Fine Arts Ravanchi 2009 Annual Enterprise Income tax declaration to pay the enterprise income tax according to 25% tax rate, fine arts Ravanchi due to tax rate difference should pay income tax for 5.7902 million yuan. Fine arts Ravanchi for the Fine Arts shares holding subsidiaries, as a High-tech enterprises, since January 1, 2008 to December 31, 2010 Enjoy 15% of the preferential tax rate for corporate income tax. The company said that fine arts Ravanchi due to tax rate difference should be paid income tax will reduce the listed company attributable to the parent company owner Equity 4.3427 million Yuan. Data show that the fine arts shares 2009 to achieve a net profit of 61.3033 million Yuan, 2010 year to achieve net profit of 25.4866 million yuan. Obviously, the Ravanchi repay of fine arts will have a certain impact on the company.
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