[newsletter] Australia Shunchang subsidiary capital, Hongli subsidiary subsidized

Australia Shunchang subsidiary of Huaian capital account money photoelectric 310 million

The day before, Australia Shunchang (hereinafter referred to as the "company") announced on May 4, 2018, the company received notice of Huaian Huaian photoelectric, photoelectric has received the third batch of capital Qinghe development funds 93 million yuan. Until now, Huaian has received a total amount of capital Qinghe photoelectric Development paid 310 million yuan, Qinghe development capital amount has been paid in full, Huaian optoelectronics will be in accordance with the relevant provisions of the registration.

According to the previous announcement shows, local government investment by Huaian Qinghe Economic Development Zone Development Co., Ltd. to 310 million yuan in Huaian all subscribed photoelectric new registered capital, of which 40 million 130 thousand yuan in registered capital, the remaining 269 million 870 thousand yuan in capital reserve. Huaian photoelectric original shareholders give up all new registered capital of preemptive rights.

It is reported that the development of the capital Huaian Qinghe photoelectric, mainly local government support for the rapid development of LED industry, to support local enterprises bigger and stronger, optimistic about the future development of the company. Through this capital increase, Huaian photoelectric capital structure has been improved, further enrich the capital, help further develop and expand the Huaian LED photoelectric business stronger.

Nina Li hung Hui Zi company for 42 million 330 thousand yuan of government subsidies

Today morning, Hongli Newell (hereinafter referred to as "the company") announced that the company's holding subsidiaries Jiangxi Hongli photoelectric Co. Ltd. in May 4, 2018 received a delegation from the Ganjiang River District Airport Authority issued a reward of 42 million 330 thousand yuan of funds to support. The sum of government subsidies in the form of cash issued, subsidy amount has been credited into account, the government grants related to income, recognized as income when received.

Li Zhi Hui said that the government subsidies received by the company this year is expected to increase the total profit of RMB 42 million 330 thousand yuan.

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