Lantai Industrial announced today that the company’s wholly-owned subsidiary, Inner Mongolia Lantai Pharmaceutical Co., Ltd., recently received a high-tech enterprise certificate jointly issued by the Ministry of Science and Technology of Inner Mongolia Autonomous Region, the Ministry of Finance, the State Administration of Taxation, and the Local Taxation Bureau. The industry enjoys a reduction of 15% on corporate income tax within three years from July 2010. At present, Lantai Pharmaceutical's corporate income tax is levied at 25%.
Natural carotene capsules are natural carotene extracted from salt algae cultured by Lantai Pharmaceuticals using salt lake resources. This product was granted an invention patent granted by the State Intellectual Property Office in March 2009. It is listed as a national protected species of traditional Chinese medicine for a period of seven years.
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