LED chip company Aoyang Shunchang subsidiary received 10 million government subsidies

On August 10th, the company's subsidiary Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. received a special subsidy of 10 million yuan from the Qinghe District People's Government of Huai'an City.

Aoyang Shunchang said that the above subsidy is designated for the introduction of advanced epitaxial furnaces and related ancillary equipment, which will be included in the deferred income when received. The subsidy funds will not have a significant impact on the company's 2014 annual results. Future operations have a positive impact.

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