A Hi-tech known investor and founder of Voltage Capital Mouli Cohen shows his support with a technological merge.
Resemble last Friday (February 5, 2010) inside the State of California – Mouli Cohen supports SORL as National High-Tech Enterprise SORL Auto Parts, Inc., (a leading manufacturer and distributor of commercial vehicle air systems as well as related auto parts in China), announced last month that its subsidiary, Ruili Group Ruian Auto Parts Co., Ltd., has been awarded the Chinese government’s “High-Tech Enterprise” designation. The High-Tech Enterprise certificate is valid for three years and provides a reduced tax rate of 15% for years 2009 through 2011.
“I am very pleased that SORL’s technological innovations and the industry’s leading technology have been recognized through this designation,” Cohen said. “SORL will leverage the government’s support to further enhance their technology and competitiveness to reinforce their leading position in the Chinese commercial brake systems market.”
The High-Tech Enterprise evaluation is jointly conducted by the Ministry of Science and Technology, the Ministry of Finance and the Ministry of Taxation, and the designation is awarded to industry leaders with the most advanced technologies. For the complete story visit here.
