[] and SMS LED project companies receive subsidies, the highest 10 million yuan

Recently, Moso and Australia Shunchang have been released on access to government grants announcement, the two companies were 2 million 30 thousand yuan and 10 million yuan into the bag.

Mosopower power announced that the company to the Shenzhen Municipal Development and Reform Commission to declare the "government subsidies intelligent LED drive power industrialization" project, constant, and received the approval of the Shenzhen Municipal Development and Reform Commission on the project application recently (Shenzhen to [2018]73), the amount of subsidy of 2 million 30 thousand yuan.

Moso said, this time to obtain government subsidies, and as the "constant flow of intelligent LED drive power industrialization" project loans, offset current financial costs, the government grants related to income. At the same time, the government subsidies to offset the company's financial costs, the impact of the company's current profit of 2 million 30 thousand yuan.

In addition, according to the announcement, Australia Shunchang subsidiary of Huaian Australia Shunchang Photoelectric Technology Co Ltd (hereinafter referred to as "Huaian photoelectric") recently received notice of the relevant departments, according to the Jiangsu provincial development and Reform Commission and the Jiangsu Provincial Department of finance document, Huaian photoelectric LED epitaxial wafer and chip construction projects included in the provincial strategic emerging industry development special fund project and investment plan, will receive support subsidies 10 million yuan.

Australia Shunchang said that these special funds does not affect the company's 2017 annual results, will help Huaian photoelectric follow-up LED project construction.

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