SOURCE: Wonhe High-Tech International, Inc.
SHENZHEN, CHINA--(Marketwire - Sep 4, 2012) - Wonhe High-Tech International, Inc. (OTCQB: WHHT) (PINKSHEETS: WHHT) ("Wonhe High-Tech" or the "Company"), a high-tech enterprise specializing in sales of electronic products�has been approved for tax benefit for a five year period from 2012 to 2017 based on the PRC government's preferential policy for enterprises in software and circuit design industries. Under the policy, the Company will be exempted from corporate income tax for the first two years and reduce its tax payment by half for the next three years.
Mr. Nanfang Tong, CEO of Wonhe High-Tech, stated, "The Company will benefit from the government's tax policy and greatly reduce its tax expenses and increase its profit margins. Thanks to the policy, the Company will reduce its provision for income tax up to 25% of its EBIT annually."
About Wonhe High-Tech International, Inc.
Wonhe High-Tech International, Inc. is a high-tech enterprise which specializes in research and development (R&D), outsourced-manufacturing and marketing of high-end business and personal IT products and providing application services. For more information please visit http://www.szwonhe.com.
Cautionary Statement Regarding Forward Looking Information
Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to sustain our previous levels of profitability including on account of our ability to manage growth, intense competition, wage increases in China, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, our ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our 8K dated June 28, 2012, and other recent filings. These filings are available at http://www.sec.gov/.