Minyin International Holdings Group, a subsidiary of the globally renowned bowling equipment manufacturer, Xima Bowling Equipment Co., Ltd., is investing in building a research and manufacturing base for scientific and intelligent medical devices in the Haikou National High-Tech Industrial Development Zone. The project covers an area of 20 mu (1 mu = 666.67 m2), with a total investment of 300 million yuan. Leveraging the favorable conditions of the Hainan Free Trade Port, the advantageous location of Haikou, and the policies such as “output products produced by encouraged industrial enterprises with imported intermediary products, whose added value exceeds 30% (inclusive) after being processed at the Hainan Free Trade Port, are exempt from import tariffs when entering the rest of China” and “for encouraged industries, enterprises registered in the Hainan Free Trade Port that have a practical operational record are entitled to a reduced corporate tax rate of 15%; and high-end talents and highly-demanded talents employed in the Hainan Free Trade Port are entitled to a 15% cap on personal income tax rate”, the project positions itself to be a R&D and production base for products related to pharmaceuticals, medical device, intelligent robots, and IoT smart manufacturing.