Guangxi Fenglin Wood Industry Group (601996.SH): Received tax matter notice requiring the payment of approximately 27 million yuan in taxes.
Fenglin Group (601996.SH) announced that on August 14, 2026, the company received a "Tax Matters Notification" issued by the tax authority, the Nanning High-tech Industrial Development Zone Tax Bureau of the State Taxation Administration (referred to as the "tax authority"). The tax authority requires the company to refund the tax rebate it received from January 1, 2022, to December 31, 2025, which does not comply with the immediate refund policy for value-added tax. The "Tax Matters Notification" does not involve administrative penalties, and the company has preliminarily estimated the amount to be refunded at approximately 27 million yuan. The related financial impact will be included in the profit and loss for the year 2026.
Guangxi Fenglin Wood Industry Group (601996.SH) announced that on August 14, 2026, the company received a "Tax Matter Notification" from the tax authority, the National Taxation Administration of Nanning High-tech Industrial Development Zone (hereinafter referred to as "the tax authority"). The tax authority requires the company to return the refunded VAT that was not eligible for the instant refund policy during the period from January 1, 2022, to December 31, 2025. The "Tax Matter Notification" does not involve administrative penalty matters, and the company initially estimates the amount to be returned to be approximately 27 million yuan. The related financial impact will be included in the profit and loss statement for 2026.
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