Date: 2013-07-31

LBSTC Awarded as 2008 Hi-tech Enterprise of Henan

Luoyang Bearing Science and Technology Co., Ltd (LBSTC) recently announced it had been awarded as one of 2008 Hi-tech enterprises in Henan Province.

According to the relevant news, the valid period would be three years. The company would enjoy 15 percent of tax rate of business income tax during the period.

Luoyang Bearing Science and Technology Co., Ltd. was established on Dec. 9, 2001 based upon the approval of the former State Economy & Trade Commission(in GJMQG [2001] No. 1142 Document), with Luoyang Bearing Research Institute as the main organizer who invested with its operational assets, jointly incorporated with other nine legal entities in Luoyang, Beijing, Shenzhen and Zhuhai etc.

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