On April 10, 2025, the US government announced that the tax rate of imposing "reciprocal tariffs" on Chinese goods imported to the United States will be further increased to 125%. The US imposed abnormally high tariffs on China, which seriously violated international economic and trade rules and basic economic laws and common sense. It is completely a unilateral bullying and coercion practice. In accordance with the "Tariff Law of the People's Republic of China", "Customs Law of the People's Republic of China", "Foreign Trade Law of the People's Republic of China" and other laws and regulations and the basic principles of international law, with the approval of the State Council, the measures to impose tariffs on imported goods originating from the United States will be adjusted from April 12, 2025. The relevant matters are as follows: 1. Adjust the tariff rate stipulated in the "Announcement of the State Council Tariff Commission on Adjusting the Measures to Implement Tariffs on Imported Goods Originating from the United States" (Tax Commission Announcement No. 5 of 2025), from 84% to 125%. Given that under the current tariff level, there is no possibility of market acceptance of goods imported from the United States from the United States, if the United States continues to impose tariffs on goods imported from the United States, China will ignore it. 2. Other matters shall be implemented in accordance with the "Announcement of the State Council Tariff Commission on Improving Tariffs on Imported Goods Originating in the United States" (Tax Commission Announcement No. 4 of 2025).