Kibayashi Moriko won government subsidy 50 million

A few days ago, Ma Lin Sen ("company") issued a bulletin, the company's wholly owned subsidiary of Yiwu wood forest Lighting Technology Co., Ltd. (hereinafter referred to as "Yiwu wood forest") in April 13, 2018 received the Yiwu information and photoelectric High-tech Industrial Park Management Committee "on the allocation of Yiwu MLIN Mori Terua Technology Co., Ltd. investment construction The document of the subsidy ([2018]28) agreed to allocate 50 million yuan for the investment and construction of Yiwu wood lighting technology Co., Ltd.

According to the announcement, the above funds have been allocated to the account of the Yiwu wood forest company in April 13, 2018, which is a benefit related government subsidy and is recognized as the current income at the time of receipt. The government subsidies obtained by the company are not used for construction or in other ways to form long-term assets, so it is a benefit related to the government.

The government subsidies we received are expected to increase the company's total profit of RMB 50 million yuan this year.

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