Xinhaiyi Announces 2 Million MOCVD of Subsidiary New Najing Receives 18 Million Yuan

Recently, Suzhou Xinhaiyi announced that its holding subsidiary Suzhou Xinnajing Optoelectronics Co., Ltd. (hereinafter referred to as “Xinnajing”) and Suzhou Industrial Park Science and Technology Development Bureau signed the “Support for New Najing to accelerate LED production and R&D. Subsidy Agreement. According to the agreement, the Suzhou Industrial Park Science and Technology Development Bureau granted a government subsidy of 18 million yuan to the two MOCVD equipment purchased by Xinnajing Company.

Xinhaiyi announced that Xin Najing has received the above-mentioned subsidy of RMB 18 million. In accordance with the relevant provisions of the accounting standards, the above-mentioned amount is recognized as deferred income when it is received. When the asset is ready for use, the deferred income is transferred to the current profit and loss. The specific accounting treatment will be based on the results of the annual audit of the accountant.

1"~1.4" speaker (26~36mm)

1) 1" Speaker 26Mm Speaker
2)1.05" Speaker 27Mm Speaker
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