In accordance with the decisions of the State Council, efforts are being made to promote the mixed-ownership reform of state-owned enterprises, improve the modern enterprise system, and enhance the operational and allocation efficiency of state capital.

In accordance with the requirements of the Central Economic Work Conference, with the approach of "more mergers and reorganizations and less bankruptcy liquidations", efforts will be made to enable state-owned enterprises to complete the five structural reform tasks of reducing overcapacity, eliminating inventory, deleveraging, cutting costs, and strengthening weak links.

In accordance with the requirements of the State Council regarding the plan for the transformation of central enterprises into corporate entities, efforts are being made to ensure that all state-owned enterprises fully complete the transformation to a corporate structure, establish a modern enterprise system, and improve the market-oriented operation mechanism.

In accordance with the requirements of the State Council for central enterprises to "reduce size and enhance efficiency", state-owned enterprises have achieved this by reducing management levels, simplifying the governance structure of their subsidiaries, strengthening control measures, and lowering governance costs.

Comprehensively implement due diligence, fully understand the background information of the merger and reorganization; reasonably utilize professional advantages and promptly provide tax-related reorganization planning schemes. For different types of reorganizations and targets, formulate personalized reorganization plans, and subdivide the reorganization plans in stages. Not only consider the tax issues during the enterprise reorganization process, but also take into account the legal risks and other related risks of the enterprise during the reorganization process. Develop operationally strong reorganization plans to effectively reduce the enterprise's reorganization costs, and reduce the legal risks and reorganization legacy problems of the enterprise.

Assist enterprises in conducting pre-merger tax due diligence, inspect the tax compliance and legality of the merger targets, help enterprises identify tax risks, provide tax planning suggestions, offer due diligence services to ensure the successful completion of the merger, and reduce the tax risks of the merger transaction.

Assist enterprises in effective communication among all parties involved in the transaction. Review the draft transaction contract from a tax perspective. Provide consultation and answers on tax-related issues during the implementation of the reorganization. Assist enterprises in confirming the prior rulings on unclear tax issues with the tax authorities. Help enterprises avoid related risks encountered during the transaction process and promote the smooth implementation of the transaction.

Assist enterprises in completing the liquidation and cancellation-related tasks during the reorganization process, and provide consultation and assistance for the declaration of income during the enterprise's liquidation period.

Assist enterprises in organizing and preparing tax-related materials for reorganization, as well as communicating with the tax authorities. Help enterprises complete the tax handling registration and declaration for the year of reorganization.