San’an Opto announced recently subsidiary Fujian Jingan Optoelectronics RMB 11.58 million (US$ 1.86 million) subsidy application was approved by Anxi County Bureau of Finance in China. The subsidiary has received the full sum of the subsidy.
Contents of the subsidy includes becoming an enterprise that actively develops energy efficient and environmental products, establishing energy efficient society, and meeting county government targets of nurturing advanced innovative technologies. The subsidy also urges for LED optoelectronic supply chain developments, and offers sapphire substrate subsidies.
According to China’s enterprise accounting standards, the subsidy received will be recorded as current income.
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