More than 21 million subsidies into the bag and "fat a circle"

Ganzhao Optoelectronics announced on the evening of the 8th that the company received the second subsidy of the Xiamen Torch High-tech Industrial Development Zone Management Committee for a total of 21,545,900 yuan. According to Ganzhao Optoelectronics, the subsidy is based on the agreement of the “Investment Agreement” signed by the company and the Xiamen Torch Management Committee to subsidize the company's purchase of MOCVD equipment for the production of LED blue and green epitaxial wafers. According to the relevant regulations, the above-mentioned subsidy is recognized as deferred income when it is received, and is evenly distributed to profit or loss within the useful life of the relevant asset.

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