Original Title: Notice on Issuing the "Measures for Fiscal Support to Promote the Development of Strategic Emerging Industries in Pudong New Area During the 14th Five-Year Plan Period"

To all commissions, offices, and bureaus of the District Government; all administrative bureaus (management committees); all directly affiliated enterprises; and all subdistrict offices and town governments:

The "Measures for Fiscal Support to Promote the Development of Strategic Emerging Industries in Pudong New Area During the 14th Five-Year Plan Period" have been approved by the District Government. They are hereby issued to you. Please strictly implement them

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Shanghai Pudong New Area Science and Technology and Economic Commission Shanghai Pudong New Area Finance Bureau

January 28, 2022

Information Disclosure Status: Proactively Disclosed

Office of the Shanghai Pudong New Area Science, Technology, and Economy Commission

Issued on January 29, 2022

(Total copies printed: 6)

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Pudong New Area "14th Five-Year Plan" Period

Measures for Fiscal Support to Promote the Development of Strategic Emerging Industries

Article 1 These Measures are formulated to implement the "Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting High-Level Reform and Opening-Up in Pudong New Area to Build a Leading Zone for Socialist Modernization," further promote the high-quality development of strategic emerging industries in Pudong New Area during the 14th Five-Year Plan period, establish a group of growth engines for strategic emerging industries, strengthen the leading role of high-end industries, enhance the role of science and technology innovation as a source of growth, and build world-class industrial clusters, in accordance with the "Opinions on Fiscal Support for Economic Development in Pudong New Area During the 14th Five-Year Plan Period."

Article 2: The term “strategic emerging industries” as used in these Measures includes the strategic emerging industries specified in the National Bureau of Statistics’ Classification of Strategic Emerging Industries, such as next-generation information technology, high-end equipment, new materials, biotechnology, new energy vehicles, new energy, energy conservation and environmental protection, digital creativity, and related service industries; as well as Pudong’s traditional competitive industries such as automobiles and ships.

Article 3: High-tech enterprises that fall within the scope of strategic emerging industries and Pudong’s traditional competitive industries, with their business registration and tax registration located in Pudong New Area, shall be subject to these Measures provided they meet the prescribed conditions.

Article 4: Leading enterprises that meet the eligibility criteria and hold a leading position, as well as

a solid foundation for development, and enterprises under cultivation with strong growth potential, upon certification and based on their comprehensive contribution to Pudong New Area, shall be granted a certain annual reward for five years.

Article 5: Newly introduced and certified high-tech enterprises shall be granted a certain annual reward for five years based on their comprehensive contribution to Pudong New Area.

Newly recognized (first-time) high-tech enterprises shall be granted a certain annual reward for two years based on their comprehensive contribution to Pudong New Area.

Article 6: The term “comprehensive contribution” as referred to in Articles 4 and 5 of these Measures refers to a comprehensive evaluation of factors such as economic contribution, technological innovation, employment promotion, energy conservation and emission reduction, social integrity, and work safety, taking into account the actual circumstances of the enterprise’s development

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Article 7: Key leading enterprises, key competitive enterprises, and key enterprises under cultivation whose policy terms expire during the "13th Five-Year Plan" period may, upon re-evaluation, continue to enjoy certain incentives and corresponding policies for innovative talent.

Article 8: Supplementary Provisions

(1) Where an entity is subject to both relevant provisions of higher-level policies and these Measures, the higher-level policy provisions shall be implemented first. Any shortfall compared to these Measures after implementation may be supplemented. When selecting different types of district-level financial support policies, the entity may choose the most favorable option, but may not enjoy duplicate or concurrent benefits.

(2) These Measures shall take effect on March 1, 2022, and remain valid until December 31, 2025. For the period from January 1, 2021, to February 28, 2022, entities meeting the requirements of these Measures shall be implemented in accordance with these Measures. If new regulations are issued by the state or the Shanghai Municipal Government during the implementation period, such new regulations shall prevail.

(3) The Science and Technology Commission and the Finance Bureau of Pudong New Area shall be responsible for interpreting these Measures in accordance with their respective duties.