Shenzhen Enrich Electronics Co.,Ltd

On July 3, Visionox announced that the company's controlling Sun Company, Guoxian Optoelectronics, recently received government subsidies. In order to support the development of Guoxian Optoelectronics, Kunshan Development Zone Management Committee approved the application for subsidies for the second quarter of 2018 applied by Guoxian Optoelectronics, and agreed to give Guoxian Optoelectronics the second quarter cost subsidy and new product sales incentive subsidy total RMB. 235 million yuan.

Visionox said that the above-mentioned government subsidies are expected to increase the total profit of listed companies in 2018 by RMB 12,048.3 million.

On June 29, Visionox issued an announcement. The company's subsidiaries and Sun Company recently received more than 600 million yuan from the government. Among them, the government subsidies related to income are expected to increase the listed company's annual profit by nearly 450 million yuan.