Sanan Optoelectronics wholly-owned subsidiary received 100 million government subsidies

Sanan Optoelectronics invested and established Xiamen Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary in Xiamen Torch High-tech Industrial Development Zone, to engage in optoelectronic industrialization projects.

In order to support the development of Xiamen Sanan Optoelectronics Co., Ltd., the Xiamen Torch High-tech Industrial Development Zone Management Committee allocated RMB 100 million to Xiamen Sanan Optoelectronics Co., Ltd. on June 23, 2017. Xiamen Sanan Optoelectronics Co., Ltd. has received The money.

According to the relevant provisions of the Accounting Standards for Business Enterprises, this amount is recognized as current income upon receipt and will have a positive impact on the company's 2017 interim results.


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