On October 21, 2008, Zhejiang Tianneng Battery (Jiangsu) Co., Ltd. was presented the ["Certificate of Advanced Technology Enterprise"] by the Science and Technology Department, Finance Department and the State and Local Administration of Taxation Bureaus of Jiangsu Province. The certificate numbered GR200832001161 is valid for three years.

According to relevant provisions, the Company is entitled to a preferential taxation status granted by the State to advanced technology enterprises for three years starting from 2008 up till 2010, and the rate of corporate income tax will be 15% instead of the regular 25%.