Poly - Can Optoelectronic Company Supplement, 146 Million Into The Bag

- May 30, 2018-

In the evening of 25, the Polytron Technologies Inc (hereinafter referred to as "the company") issued a bulletin. The company's wholly owned subsidiary, polyoptic Technology (Suqian) Co., Ltd. (hereinafter referred to as "Suqian") has recently received the Financial Bureau of the Suqian economic and Technological Development Zone, "Suqian economic and Technological Development Zone Finance Bureau" on the allocation of polyoptoelectronic Notifications of subsidy funds for machinery and equipment of Suqian Co., Ltd. (2018) No. 15), agreed to allocate 146 million yuan for the subsidy of the machine and equipment of the Suqian, and have received the related funds.——LED flood light

According to the relevant regulations, the company takes the government subsidies related to the above assets into deferred income, and the final accounting treatment and the specific impact on the company's 2018 annual profit are based on the results confirmed by the audit institution's annual audit.——LED flood light