Aoyang Shunchang Subsidiary Company received 8 million yuan of MOCVD equipment subsidy

Aoyang Shunchang announced that on July 5, 2013, Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., a wholly-owned subsidiary of the company, received a subsidy of RMB 8 million from the MOCVD equipment of the Qinghe District People's Government of Huai'an City. The pen allowance is paid according to the “Circular on the Equipment Subsidy of Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd.” of the Qinghe District People's Government of Huai'an City.

Aoyang Shunchang said that according to the company's accounting policy, the depreciation period of machinery and equipment is ten years, and the subsidy will be credited to profit or loss within ten years from the official use of the corresponding MOCVD equipment. The financial subsidies received by Aoyang Shunchang do not have a significant impact on the company's 2013 annual results.

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