Ruifeng Optoelectronics received 5 million yuan of government funding

Recently, Shenzhen Ruifeng Optoelectronics Co., Ltd. (hereinafter referred to as “Ruifeng Optoelectronics” or “Company”) received a total of 5 million yuan from the government-funded funds, as follows:

1. According to the “Notice on Organizing and Implementing the Second Batch of New Generation Information Technology Industry in Shenzhen in 2013” ​​issued by the Shenzhen Municipal Development and Reform Commission on April 2, 2013, the special review, audit, validation and publicity procedures of the Shenzhen Municipal Development and Reform Commission, After review by the Shenzhen Finance Committee, the company recently received 3 million yuan from the Shenzhen Finance Committee for the second batch of strategic new emerging industry development funds (new generation information technology) (Deep Development [2013993]). The above funds have been disbursed to the company's fund account. According to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidy”, the company will include deferred income as required.

2. According to the Notice of the Shenzhen SME Service Center on April 16, 2013, the “Notice on the Implementation of the 2013 Shenzhen Private and SME Reform and Listing Projects Funding Plan”, the special review by the Shenzhen SME Service Center, The audit, verification and publicity procedures were reviewed by the Shenzhen Finance Committee. Recently, the company received 2 million yuan from the Shenzhen Municipal Finance Committee for the restructuring and listing of the Shenzhen Private and SME Development Special Fund. The above funds have been allocated to the company's funds account. According to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", the company will include the non-operating income for the current period as included in the current profit and loss.

As of the date of this announcement, the company and its wholly-owned subsidiary Ningbo Ruikang Optoelectronics Co., Ltd. (hereinafter referred to as “Ningbo Ruikang”) have received a total of RMB 70,160,100 of government subsidies in 2013, as follows:








The above various subsidies have been received in succession. According to the "Accounting Standards for Business Enterprises" and other relevant regulations, the non-operating income is included as RMB 40,460,100 and the deferred income is RMB 3 million. The final accounting treatment of the above subsidy funds shall be subject to the results of the annual audit confirmation by the certified public accountant.

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