Between the News Express: Huacan tonic, Ruifeng patent, Riyadh was the reduction of

China can receive 50 million yuan of photovoltaic industry development subsidies

Hua photoelectric June 30th evening announcement, the company recently received Zhejiang Yiwu Industrial Park Management Committee in the second quarter of 2016, the industrial development subsidy funds of 50 million yuan.

According to the relevant provisions of the "New Accounting Standards No. sixteenth - government subsidies", the sum of subsidies will be identified as the 2016 two quarter operating income at the rate of 15% corporate income tax, is expected to increase in 2016 net profit of 42 million 500 thousand yuan, the specific accounting treatment to confirm CPA annual audit results shall prevail.

Ruifeng optoelectronics GE global patent authorization

REFOND June 30th evening announcement, the company recently signed with the United States GELightingSolutions, LLC. phosphor KSF application patent licensing agreement, REFOND obtained GE authorization in KSF phosphor patent applications worldwide, and is also the first Chinese REFOND LED packaging factory authorized KSF phosphor patent application.

REFOND said, this time GE in KSF phosphor patent authorization for the company in the global backlight high color gamut applications, including small size backlight and large size backlight global market development have a significant role in promoting, help to improve the added value of the products and the company's core competitiveness, but also to meet the customer demand for domestic and foreign companies patent, enhance domestic and international customer confidence in the company's products.

Riyadh actual control of the proposed reduction of no more than 9 million 500 thousand shares

Riyadh Thursday (30 days) after the announcement, from July 15, 2016 to July 26th, the company's controlling shareholder, actual controller Li Jun intends to block trading by way of agreement reduction of the number of shares is not more than 9 million 500 thousand shares, the total capital ratio of not more than 1.3%.

As of the announcement date, the controlling shareholder of the company, the actual controller Li Jun directly holds 272 million shares of the company, accounting for the total share capital of 35.76%, of which the tradable shares of tradable shares of $67 million 950 thousand.

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