Demonstrates its compliance duty of significant tax contributions
of over RMB100 Million
Left:Vinda Internatioal Chief Operating Officer, Mr Zhang Jian and
Xinhui District Secretary Mr Deng Nong Le
(8 March 2011 – Hong Kong) Vinda International Holdings Limited (“Vinda International” or the “Company”, together with its subsidiaries collectively known as the “Group”; stock code: 3331), a leading manufacturer and branded seller of household paper products in the PRC, is pleased to announce that the Xinhui District Committee and District Government, Jiangmen, Guangdong, has awarded the Group with the “Golden Banyan Award” in recognition of the Group’s substantial tax contributions of an aggregate amount of approximately RMB120 million from its three subsidiaries, which are located in Xinhui District, Jiangmen, Guangdong, including Vinda Paper (Guangdong) Company Limited, Vinda Paper (Jiangmen) Company Limited, and Vinda Trade Company Limited, to the Xinhui District Government, Jiangmen, in the past year.
The “Golden Banyan Award” is purely made of gold, featuring “The Birdie Paradise”, the landmark of Xinhui. It is presented by the Xinhui District Committee and District Government to recognize enterprises’ significant contributions to the economic development of Xinhui District, particularly for those companies that have paid over RMB100 million in taxes in a year. The award symbolizes the government’s wish that the business development of these companies may achieve the “Bayan Effect”, rapidly growing bigger and stronger like a flourishing tree of the Birdie Paradise”.
Mr. Li Chao Wang, Chairman of Vinda International, comments on this award, “Vinda was founded in 1985 in Xinhui, Jiangmen. For the past 25 years, we have consistently strived to innovate and improve, whilst holding strong to the conviction that a business must be considerate of the public interest, give back to the society, and enjoy the results with the community. For Vinda International to achieve its level of success today and to grow from a private regional company into a national enterprise is not only attributable to the unfaltering support from its consumers. The Group also received tremendous support from various levels and departments of the government, particularly in Jiangmen City and from the Xinhui District Government. Moving forward, the Group is committed to being a responsible corporate citizen, contributing to the community and benefiting the public. The Group will continue to seek out new opportunities to expand its business areas and further invest in the Jiangmen community while also striving to accelerate its overall development and enhance its brand equity, so that it may become big and strong like a vibrant “Banyan Tree”, holding up our economy.