on April 10, 2025, the U.S. government announced that the tariff rate for Chinese goods imported into the U.S. will be further increased to 125%. The U.S. imposing excessively high tariffs on China seriously violates international economic and trade rules, as well as basic economic laws and common sense, and is completely unilateral bullying and coercion. In accordance with the "Customs Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as basic principles of international law, with the approval of the State Council, the measures of imposing tariffs on imported goods originating in the U.S. will be adjusted starting from April 12, 2025. The relevant matters are as follows:

1. Adjust the tariff rate imposed on imported goods originating in the U.S., as specified in the "Announcement of the Customs Tariff Commission of the State Council on Adjusting the Measures of Imposing Tariffs on Imported Goods Originating in the U.S." (Tariff Commission Announcement No. 5 of 2025), from 84% to 125%. Given that under the current tariff level, U.S. goods exported to China are no longer marketable, if the U.S. continues to impose tariffs on Chinese goods imported into the U.S. in the future, China will ignore it.

2. Other matters will be implemented in accordance with the "Announcement of the Customs Tariff Commission of the State Council on Imposing Tariffs on Imported Goods Originating in the U.S." (Tariff Commission Announcement No. 4 of 2025).