Fenglin Group: Received tax notification, may return approximately 27 million yuan of refunded taxes.
Fenglin Group announced that on August 14, it received a "Tax Matters Notification" from the tax authority, requiring the company to return the VAT refunds that were not in compliance with the immediate refund policy for the period from January 1, 2022, to December 31, 2025. The company has initially estimated that the tax to be returned is around 27 million yuan, and further calculations will follow. This matter does not involve administrative penalties or retrospective adjustments to previous financial data, and the related financial impact will be recorded in the 2026 profit and loss statement. The company will actively communicate with the tax authority and will apply for administrative reconsideration or litigation if necessary.
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