A few days ago, Shougang Group Finance Co., Ltd. successfully issued a customs tax guarantee of RMB 100 million for Shuicheng Iron and Steel Import & Export Co., Ltd. The landing of this first tariff guarantee business marks that Shougang Group Finance Co., Ltd. is exploring innovative financial products, helping member enterprises to improve their business quality and efficiency, and serving the high-quality development of the Group on a new level.

Since the General Administration of Customs of the People's Republic of China issued Document No. 56 in 2022, Shougang Group Finance Co., Ltd. actively connected with the customs directly under the registered place and successfully obtained the qualification for customs tax guarantee business on May 24th of this year. By fully investigating and surveying the actual needs of member enterprises, improving the business process design and actively promoting business landing in view of the difficulties that exist in the customs declaration and taxation of imported ore by member enterprises, the tariff guarantee realizes "first release and then taxation", which greatly improves the customs clearance speed of goods, reduces the capital pressure caused by paying tax deposits and effectively alleviates the capital pressure brought by the previous customs payment of member enterprises. At the same time, the mode of "one-time handling and recycling" simplifies the procedures for handling letters of guarantee and improves the timeliness of customs clearance by collecting taxes.

In the future, Shougang Group Finance Co., Ltd. will continue to seize policy opportunities, consider the actual needs of member enterprises, make breakthroughs in innovative business, provide high-quality and efficient personalized financial services, and fully promote the cost reduction, efficiency improvement and high-quality development of member enterprises.