Yes, it is required. The approval document for cross-border vehicle license plates (the "Notice of Approval for Motor Vehicles and Drivers Traveling Between Guangdong, Hong Kong, and Macao") is typically valid for one year. During the annual renewal process, the Vehicle Administration Office of the Guangdong Provincial Public Security Department and the Hong Kong Transport Department review the enterprise's business operations and tax payment status; the extension can only be processed if the enterprise meets the required criteria.