VeChain Update: Shanghai Tanlian has been acknowledged as a National High-Tech Enterprise.

Shanghai Tanlian Technology has recently reached an important milestone by receiving certification as a national high-tech enterprise in China. This recognition highlights the company’s commitment to research and development and its role in advancing technological innovation in the country. The firm, which developed VeCarbon, a proprietary carbon management Software-as-a-Service (SaaS) solution, has been acknowledged for its contributions in the field. This esteemed title is given to organizations that exhibit creativity, technological progress, and a dedication to research and development (R&D). To obtain this certification, companies must fulfill a set of rigorous criteria. The business should have been registered and active for no less than a year. Furthermore, it should possess essential intellectual property rights that back its primary products or services, ensuring compatibility with the High-Tech Sectors Endorsed by the Government. In addition, a minimum of 10% of the company’s employees should be involved in research and development, highlighting an emphasis on innovation. Companies are required to dedicate a portion of their overall sales income to R&D for the last three fiscal years, with specific percentages mandated: 5% for revenues up to CNY 50 million, 4% for revenues ranging from CNY 50 million to CNY 200 million, and 3% for revenues surpassing CNY 200 million. Additionally, a minimum of 60% of these R&D costs must be spent within China, further emphasizing the firm’s role in enhancing local technology. Gaining recognition as a national high-tech enterprise provides various strategic benefits. A key advantage includes a lowered corporate income tax rate of 15%, decreased from the usual 25%, which offers significant financial relief. Certified companies gain not only improved access to government funding and financing options but also receive preferential access to office and industrial land, as well as accelerated depreciation on fixed assets. These factors collectively foster a more advantageous setting for expanding operations. Additionally, this certification boosts a company’s brand image, attracting high-quality talent and increasing its competitive edge in the marketplace. Shanghai Tanlian’s Dedication to Sustainability.