Take the "tonic king" three subsidiary compensated 230 million yuan

The evening of December 16th, three optical announcement said, according to the seventh session of the board of directors and the forty-first meeting in 2014 the first provisional shareholders meeting, the company decided to 2013 annual non LED industrialization projects of non-public offering of shares to raise capital investment subject and implementation place is changed to "a wholly owned subsidiary of Xiamen Sanan optoelectronics Co. Ltd. and Fujian province Xiamen torch hi tech Zone (Xiangan) industrial zone"; the company and the Xiamen torch hi tech Industrial Development Zone Management Committee signed the "investment agreement". The agreement: the company to invest in the construction of LED blue and green wafer, chip production line in Xiamen torch high new district, Xiamen Torch Development Zone Management Committee agreed to give the company item company of single equipment with 2 inch 54 subsidy amount discounted 5 million yuan as the base, with the item company divided payment schedule. Payment period, the size of 200 MOCVD (with a 2 inch single cavity model for the base of the 54).

The company has been in September 26, 2014, in order to order the AIXTRONSE and VEECO of each of the 50 units, a total of 100 units (converted into 2 inches of 54 machines, the equivalent of 200 units),, the total number of units in the MOCVD. In December 15, 2014, Xiamen Sanan optoelectronics Ltd. received Xiamen torch hi tech Industrial Development Zone Management Committee to give 50 of the equipment 40% subsidy 230 million yuan.

According to the provisions of the "Enterprise Accounting Standards No. sixteenth - government subsidies", Xiamen torch hi tech Industrial Development Zone Management Committee of Xiamen Sanan optoelectronics Co. Ltd. received relevant production equipment subsidy payments recognized as deferred income when received, and the service life in the average allocation of assets related losses.

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