Aoyang Shunchang announced on June 4 that the company's subsidiary Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. received a special subsidy of 35 million yuan from the Qinghe District People's Government of Huai'an City. The subsidy is based on the people of Qinghe District, Huai'an City. The government's "Letter on Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. Science and Technology Special Grant Fund" is disbursed and included in non-operating income.
Huai'an Aoyang Shunchang Photoelectric Technology Co., Ltd. is mainly engaged in the production and sales of LED epitaxial wafers and chips. The special subsidy for science and technology for the introduction of advanced epitaxial furnaces and related ancillary equipment will help improve the future sustainable development capability of Huai'an Optoelectronics LED business, but will not have a major impact on the company's 2014 annual results.
Huai'an Aoyang Shunchang Photoelectric Technology Co., Ltd. is mainly engaged in the production and sales of LED epitaxial wafers and chips. The special subsidy for science and technology for the introduction of advanced epitaxial furnaces and related ancillary equipment will help improve the future sustainable development capability of Huai'an Optoelectronics LED business, but will not have a major impact on the company's 2014 annual results.
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