Q Technology (Group) Company Limited (“Q Technology” or the “Company,” together with its subsidiaries, collectively known as the “Group,” HKSE stock code: 1478.HK) -- is pleased to announce that the Company’s subsidiary, Kunshan Q Technology Limited (“Kunshan Q Tech”) has successfully renewed the High and New Technology Enterprise (“HNTE”) qualification, which is effective for three years. Kunshan QT China was firstly qualified as an HNTE in 2009. It renewed the HNTE qualification successfully on 21 May 2012, and has applied to renew the HNTE qualification since April 2015. This is the third time that Kunshan QT was qualified as a HNTE.
Pursuant to the relevant regulations of the PRC Corporate Income Tax Law, upon the qualification being renewed, Kunshan QT China is entitled to enjoy a preferential income tax rate of 15% for another three years commencing from 1 January 2015. As at 6 July 2015, Kunshan QT China was identified as an HNTE.
The Group has been constantly focusing on research, development and innovation. Having precisely identified market trend as well as research direction, Q Tech currently has a good command of high-end solutions and technologies such as 16 and 20 mega pixels, dual camera, OIS(Optical Image Stabilization), PDAF(Phase Detection Auto Focus), fingerprint recognition, gesture recognition, outdoor sports camera, etc.. Q Tech has always been dedicated to combining precision manufacturing, software, and algorithm together, and has been striving to become a leading PRC-based integrated solution provider for camera modules for smart devices.