This English translation is for reference only. The Chinese version shall prevail in case of any inconsistencies.

Notice on the Amendment of the Measures for the Cultivation and Introduction of Innovative and Growing Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin

All relevant departments:

Upon deliberation, it has been determined that amendments are necessary to the Measures for the Cultivation and Introduction of Innovative and Growing Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin (Normative Document No. 7/2024 of the Economic Development Bureau of the Executive Committee). Should any issues arise during implementation, please report them to the Economic Development Bureau of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.

Economic Development Bureau of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin

July 30, 2024

Normative Document No. 14/2024 of the Economic Development Bureau

Amendments

Inaccuracies have been identified in the text of  Measures for the Cultivation and Introduction of Innovative and Growing Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, (hereinafter referred to as the “Measures”) (Normative document No. 7/2024 of the Economic Development Bureau of the Executive Committee), which was published on the official website of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin on April 7, 2024. Accordingly, amendments are made pursuant to Article 44 of the Notice by the Executive Committee of Guangdong-Macao In-Depth Cooperation Zone in Hengqin on Issuing the Regulations on the Management of Normative Documents of the Executive Committee of Guangdong-Macao In-Depth Cooperation Zone in Hengqin (Normative Document No. 1/2022 of the Executive Committee), as follows:

1. Article 7 of the Measures

Original text: “Enterprises that are not registered in the Cooperation Zone may be eligible for recognition, and may apply for rewards specified in Articles 9, 10, and 11 of these Measures, provided that the said enterprises relocate their business registrations to the Cooperation Zone within two years from the date of recognition.”

Amended version: “Enterprises that are not registered in the Cooperation Zone may be eligible for recognition, and may apply for rewards specified in Articles 8, 9, and 10 of these Measures, provided that the said enterprises relocate their business registrations to the Cooperation Zone within two years from the date of recognition.”

2. Article 9 of the Measures

Original text: “Recognized future unicorn enterprises that are upgraded to unicorn enterprises may be granted a reward of up to RMB 15 million. Enterprises that are successfully upgraded may be granted a lump-sum reward of RMB 1 million; if the upgraded enterprises and their wholly-owned subsidiaries in the Cooperation Zone achieve an annual main business revenue (excluding affiliated revenue) of RMB 300 million, an additional lump-sum reward of RMB 15 million may be granted.”

Amended version: “Recognized future unicorn enterprises that are upgraded to unicorn enterprises may be granted a reward of up to RMB 15 million. Enterprises that are successfully upgraded may be granted a lump-sum reward of RMB 1 million; if the upgraded enterprises and their wholly-owned subsidiaries in the Cooperation Zone achieve an annual main business revenue (excluding affiliated revenue) of RMB 300 million, an additional lump-sum reward of RMB 14 million may be granted.”