Dear Customers,

In accordance with the new circular 37 of Cai Shui(2013)on "Tax Policy of VAT Pilot Program

on Transportation & Modern Services Sector", jointly issued by the Ministry of Finance (MOF)

and the State Administration of Taxation(SAT) of PRC on 24 May 2013, the related VAT tax policy

will be expanded nationwide with effect from 1 August 2013.

Simultaneously ,the regulations regarding the VAT pilot program effective since 1 January 2012

were announced to be abolished .Please refer to Cai Shui (2013) 37 for more details.

All shipping company will adhere to ther new regulation.

In compliance with the above mentioned policy ,an additional 6% Value Added Tax(VAT) will be

leied by all shipping co.,ltd on top of all charges payable at China starting from 1 August

2013,based on the issuance date of the VAT invice.

Please contact our company's service or sales representatives .