Tianlong photoelectric Holdings subsidiary received 15 million government grants

Tianlong photoelectric October 17th evening announcement, June 21st, a subsidiary of Jiangsu Sheng Semiconductor Equipment Co. Ltd. reported to the Jiangsu provincial science and Technology Department of the "domestic large LED MOCVD (metal organic chemical vapor deposition) equipment research and development and industrialization project" in 2012 in Jiangsu province science and technology achievement transformation become the special funds for major project bidding to be established, and from June 21st to June 28th 18:00 to the public.

Jiangsu Sheng received on October 15th Jintan Municipal Finance Bureau, Jintan Municipal Science and Technology Bureau issued "issued in 2012 on the twelfth batch of provincial science and technology innovation and transformation (major scientific and technological achievements into special fund) Notice", the contents of the notice: Jiangsu Provincial Department of science and technology funding a total of 15 million yuan (below), which is funded 12 million yuan, discount 3 million yuan, the annual appropriation of 8 million yuan.

Jiangsu Sheng also received the 8 million yuan subsidy is expected in October 16th, the relevant departments will conduct inspection on 2013 implementation of the Jiangsu Sheng project, so in accordance with the relevant provisions of the "enterprise accounting standards", the government funding will be recognized as deferred income, expected will not have a significant impact on Corporate profits in 2012.