Shanghai Wangshi Industry (Group) Co., Ltd

SONGJIANG DISTRICT


	Shanghai Aosenlong Industrial Development Co., Ltd. Shanghai Aosenlong Industrial Development Co., Ltd., a foreign funded enterprise with 700 plus employees, is a professional producer of furniture and fabric sofas. Its products, mainly American style sofa and rockers, are mainly exported to America, Europe and the Middle East. The company signed the leasing contract for standard factory buildings with The Wangs’ Group in 2009 and has entered the export processing area of Songjiang district in Shanghai.



	Victory Industrial China Co., Ltd. Victory Industrial Corporation was founded in 1966 by Si-Ling Tsao with a focus on high quality, along with competitive pricing and excellent service. Since then,Victory has developed several hundred models of alternators for many different types of applications. Victory has developed extensive experience in the research, development and manufacturing of high reliability alternators. Victory has been an ODM/OEM for a wide variety of applications, including passenger cars, industrial vehicles, exercise bicycles and even windmills. In November 2005, Victory Industrial China Co., Ltd. wasestablished in Shanghai Songjiang Export Processing Zone.



	Yinghajie Metal Products (Shanghai) Co., Ltd. Locating in Shanghai, the largest city in China, Belief International focuses its business on the production of metal products, packaging material and the construction services. Human resource and Honesty are always the most important concept at Belief International, with the convinient traffics, high-quality services, Belief Internation gained the general acceptance from many international companies including Fortune 500 companies. In Dec, 2007, Belief Internation set up a subsidiary in Songjiang and started the long-term cooperation with Wangshi group.



	Sheraton (Shanghai) Blinds Ltd. Sheraton Blinds Ltd is a wholly-funded British company who produces different kinds of blinds. Holding the principle that "Quality comes first", Sheraton designs and produces high-quality blinds to the Western standard, which has won the reputation in this induatry home and abroad. In Otc, 2006, Sheraton Blinds started the cooperation with Wangshi Group and entered Shanghai Songjiang Export Processing Zone, established Sheraton (Shanghai ) Blinds Ltd.

Preferential Policies

Index	Preferential policies
Tariff-Free Imports	Machines, equipment, molds and maintenance accessory parts required for production; machines, equipment, and construction materials required for the construction of infrastructures; and office supplies for private use are all exempt from customs tariffs and import linkage tariffs.
Tax Refunds on Products Entering the Zone	Enterprises within China operating outside the zone that ship in commodities can benefit from national preferential policies regarding refunds of value-added tax on exports. Any domestic machines, equipment, raw materials, spare parts, components, wrapping materials, and reasonable amounts of construction materials, etc., will be treated as exports and receive tax refunds.
Bonded Imported Materials	Imported raw materials, spare parts, components, wrapping materials, and consumables required for processing export products are all considered to be fully bonded goods.
Tax-Exempt Exports	Products re-exported after processing are exempt from taxes. Products, raw materials, mechanical equipment and other goods transferred between export processing zones are exempt from taxes.
The trade of import products within the EPZ is tax free	The goods like products, raw materials and machine can be transferred and exchanged freely from one EPZ to another EPZ.
Foreign Exchange Policies	When goods produced in the zone are to be sold to international destinations, there is no need to undergo the receipt of remittance and sale verification procedures for exports, and when making payments to international destinations, there is no need to undergo remittance payment and sale verification procedures for imports.
Quotas and Licensing	Commodities can move freely between the Export Processing Zone and other countries. Not otherwise provided by the state, no quotas or licenses are required.