Honglitronic: a wholly owned subsidiary of Nanchang million government subsidy

In June 2, 2016, honglitronic announced that, according to the office of the 2016 Nanchang airport economic zone the first director of the spirit, to support the development of enterprises, a wholly owned subsidiary of Jiangxi Hongli photoelectric Co. Ltd. (hereinafter referred to as Jiangxi Hongli) received on June 1, 2016 by the Nanchang Airport Economic Zone Management Committee issued 11 million 360 thousand yuan of funds to support enterprises.

The funds accounted for 2015 of the company's audited net profit attributable to shareholders of the parent company of 7.46%. In accordance with the relevant provisions of the accounting standards for Enterprises No. sixteenth - government grants, the fund will be included in the current profit and loss, was recognized as the second quarter of 2016 operating income. The government support funds will have a positive impact on the company's net profit in 2016.

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