On the evening of the 6th, Ganzhao Optoelectronics (300102) issued an announcement on the receipt of government subsidies from wholly-owned subsidiaries. Yangzhou Ganzhao Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, has received relevant subsidies totaling 10 million yuan in accordance with the support policies of the Yangzhou Municipal Government for the development of scientific and technological innovation-based economic incentives.
On April 1, 2011, the government received a subsidy of 2 million yuan. According to the provisions of the support policy, the subsidy was designated for the research and development and industrialization of ultra-high brightness AlGaInP LED epitaxial wafers of Yangzhou Dry Photoelectric Co., Ltd.; on March 31, 2011, the government subsidy was 8 million yuan. The subsidy is earmarked for the purchase of MOCVD equipment by Yangzhou Ganzhao Optoelectronics Co., Ltd. in accordance with the relevant support policies.
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