Poly - can optoelectronic subsidiary is subsidized by 95 million 90 thousand bags

In the evening of the 6, the Polytron Technologies Inc (hereinafter referred to as "polyoptoelectronic" or "company") announced that the company's wholly owned subsidiary, poly (Suqian) Co., Ltd. (hereinafter referred to as "Suqian") has recently received the Financial Bureau of Suqian economic and Technological Development Zone "Suqian economic and Technological Development Zone wealth" The notice on the allocation of subsidized funds for machinery and equipment of poly (Suqian) Co., Ltd. (No. 18) (No. 2018) of the political situation agreed to allocate 95 million 90 thousand yuan for the subsidy of the machine and equipment of the Suqian, and has received the related funds.

According to the relevant regulations, the above government subsidy is not related to the daily operation of the company. It is not sustainable. It is a government subsidy related to the assets. The company recognised the subsidy as deferred income at the time of receipt. The final accounting treatment and the specific impact on the company's 2018 annual profit are confirmed by the auditor's annual audit. The result is accurate.

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