Ruifeng Optoelectronics wholly-owned subsidiary received a second subsidy of 15.3 million yuan

On December 21, Ruifeng Optoelectronics announced that on December 18, 2015, Shanghai Ruifeng received a second subsidy of 15.3 million yuan.

As early as December 31, 2013, the company announced the “Announcement on the receipt of government subsidies from wholly-owned subsidiaries”. Shanghai Ruifeng Optoelectronics Co., Ltd., a subsidiary of the company, received the “Development of the Shanghai Lingang Development and Construction Management Committee”. Shanghai Ruifeng received a total of 38.25 million yuan from the first batch of strategic emerging industry projects in the Lingang area, and received the first subsidy on December 27, 2013. The capital was 15.3 million yuan. On December 18, 2015, Shanghai Ruifeng received a second subsidy of 15.3 million yuan.

Details are as follows:

The above subsidy funds are reflected in the “Deferred Income” subject and amortized according to the project benefit period.

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