Notice of the Ministry of Finance and the State Administration of Taxation on Issues Concerning Enterprise Income Tax Policies in the Restructuring and Reorganization Process of China Changjiang National Shipping (Group) Corporation

This notice specifies that certain income tax liabilities arising from asset valuation increases, debt relief, and asset transfers during the restructuring and listing of China Changjiang National Shipping (Group) Corporation are exempt from collection and instead credited to capital reserves as state-owned capital. It also allows the group's invested assets to be depreciated or amortized based on appraised value for pre-tax deduction.