Poly fly tonic, three subsidiary set up a joint venture company

Poly fly received 40 million 360 thousand yuan of government subsidies

Yesterday (10 days), Jufei (hereinafter referred to as the "company") announced recently, the company received notice of a wholly owned subsidiary of Wuhu Jufei Technology Co. Ltd, the subsidiary received for the Wuhu economic and Technological Development Zone Economic and Trade Development Bureau of investment subsidies 40358032 yuan.

According to the relevant provisions of the accounting standards for enterprises, the above investment subsidies associated with investment projects, the company received the above sum will be included in the current progress of the project construction profits and losses. The above funds are not expected to have a significant impact on the company's operating results in 2016, the specific accounting treatment to be certified by the annual audit results.

An optoelectronic wholly owned subsidiary and the establishment of the joint venture company GCS

10 evening, an optoelectronic announcement, a wholly owned subsidiary of Xiamen Sanan integrated circuit Co. Ltd. and GCS Holdings Inc. (hereinafter referred to as "GCS") for the formation of complementary advantages, combined with their capacity and advantage, to expand the scale of operations and improve profitability and strengthen the competitiveness of enterprises as the goal, decided to set up a joint venture company, signed the "joint venture business contract".

The joint venture Xiamen tentatively Saman universal integrated circuit Co. Ltd., registered capital of 4 million U.S. dollars, of which three integrated the company's own monetary funds invested $2 million 40 thousand, accounting for 51% of the registered capital of the joint venture; GCS to monetary funds invested $1 million 960 thousand, accounting for 49% of the registered capital of the joint venture company. The main business scope for mobile phone, RF filter, optical communication chip, power management circuit, optical fiber and new technology development, production and sales of their products, sales and other mobile phone, RF filter, optical communication, optical fiber, power management chip.

GCS was founded in 1997 in California city of torun, Taiwan securities in the over-the-counter OTC listed (code 4991), mainly engaged in GaAs, InP and GaN high order RF and optoelectronic element compound semiconductor wafer foundry, intellectual property licensing and research, advanced optoelectronic product development, manufacturing and sales operations, provide the full range of services from product concept, production technology research and development, production to.

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