Located in in Torch Development Zone, CTS (Zhongshan) Technology Co Ltd is a first-class supplier of vehicle components mainly producing electronic accelerator pedals and sensors for cars. More than 60% of the company's products are supplied to vehicle factories under joint-venture brands at home and to domestic brands, while about 30% of products are exported.

On May 12, with the State Council announcing the second exclusion list of the second batch of goods subject to customs duties imposed on the United States, the company is expected to receive a tax refund of over 300,000 yuan. Mr Chen who is in charge of the company's customs declaration, preliminarily estimates that the relevant tariff policies could reduce the company's burden by about 1 million yuan, thus effectively relieving its financial pressure.

Since the implementation of the measures to exclude goods subject to customs duties imposed on the United States, 58 enterprises in Zhongshan City have received 199 votes for tax refund, with a refund volume exceeding 2.6 million yuan.