Kibayashi Moriko won the 50 million government subsidy

The day before, Linsen (hereinafter referred to as "the company") announcement, a wholly owned subsidiary of Yiwu Linsen Lighting Technology Co. Ltd. (hereinafter referred to as "Yiwu Woodlans") in April 13, 2018 received a notice of information management committee "Yiwu photoelectric high-tech industrial park on finance Yiwu lumber Mori Terua Technology Co., investment subsidies for the construction of the" (meaning high [2018]28). Documents, agreed to finance the Yiwu Linsen Lighting Technology Co., Ltd. invested 50 million yuan of subsidies.

According to the announcement, the transfer of funds in April 13, 2018 has been to Yiwu Woodlans company account, the Department of government grants related to income, recognized as income when received. The government grants the company obtained is not used for the purchase or forming the long-term assets by other ways, so the government grants related to income.

Rawlinson said, the government subsidies received by the company this year is expected to increase the total profit of RMB 50 million yuan.

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