According to the relevant provisions of the Enterprise Income Tax Law and the Implementation Regulations, in accordance with the Notice of the Ministry of Finance of the Ministry of Finance and the Ministry of Civil Affairs on the Confirmation of Examination and Approval of the Pre-tax Deduction of Public Welfare Donations (Finance Tax  No. 141), Notice of the Ministry of Civil Affairs of the State Administration of Taxation on the Notice of Approval of Approval of Relevant Adjustments for the Approval of Pre-tax Deduction of Public Welfare Donations (Shanghai Finance Tax  No. 32).
The Foundation has been granted the pre-tax deduction of the fourth batch of public welfare social groups in Shanghai in 2018. The Shanghai Angel Charity Foundation will adhere to the consistent aim of charity assistance and serve more groups.