Stock Code

688016.SH

Shanghai, China -- recently, the Shanghai Municipal Office of Accreditation For Shanghai's High-tech Enterprises published a list of Shanghai's first batch of high-tech enterprises for year 2015. Shanghai MicroPort Endovascular (Shanghai) Co ("MicroPort® Endovascular")was selected in the list, won the "high-tech enterprise" certificate, and will enjoy the benefit of the preferential policy that will deduct the income tax, equal to about 15% corporate income during the next three years. This recognition was jointly determined by the Shanghai Municipal Science and Technology Commission, Shanghai Municipal Finance Bureau, Shanghai Municipal State Tax Bureau and the Shanghai Municipal Bureau of Local Taxation, and announced to the public by the Shanghai Municipal High-tech Enterprises Identified Office.


As local science and technology enterprises in Shanghai, MicroPort® Endovascular was established in 2012. The company's products are widely used in the domestic tertiary hospitals, and also exported to many countries and regions. MicroPort®'s CTO Dr. Qiyi Luo commented: " MicroPort® always focuses on the concept of independent innovation, is fully committed to the research and development of new products and new technologies. Through the good platform and the benefits of the brand as high-tech enterprises, MicroPort® Endovascular will keep increasing scientific and technological innovation, increasing the key scientific research project business development, to enable the enterprise to achieve rapid development. Such qualification shows that Shanghai government authorities highly recognized the achievement of science and technology innovations for so many years."


"Hi-tech Enterprise" is the kind of company that has to be in the Hi-tech field, focuses on the R&D and technological achievements, has independent intellectual property rights, is based on mainland China (not including Hong Kong, Macao and Taiwan regions), registered more than one year ago, which will gain strong support from the nation. The city's project of qualifying and recognizing high-tech enterprises in Shanghai has a purpose of supporting and encouraging the growth of the high-tech enterprises. The process includes verifying number of employees, status of intellectual property, financial status, research and development expenses during the last three years, the annual income from high-tech products (services), and the status of initiating scientific research project and etc. Based on the result of such verifications, those enterprises that are qualified will be awarded to be High-tech Enterprises of Shanghai.