Changyuan Donggu Industrial Co., Ltd. Announcement on Receipt of Government Subsidies


Release time:

2021-03-09

Securities Code: 603950 Securities Abbreviation: Changyuan Donggu Announcement No.: 2020-022

 

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Announcement on Receipt of Government Subsidies

The board of directors and all directors of this company guarantee that the content of this announcement does not contain any false records, misleading statements or major omissions, and assume individual and joint and several liability for the authenticity, accuracy and completeness of its content.

I. Basic Information on Government Subsidies Received

From January 2020 to the date of this announcement, Xiangyang Changyuan Donggu Industrial Co., Ltd. and its subsidiaries have received a total of RMB 29,482,105.70 in government subsidies. Among them, RMB 4,419,623.00 is related to assets; RMB 25,062,482.70 is related to income, and the impact on the net profit attributable to the company's shareholders is RMB 25,062,482.70. The details are as follows:

Serial Number

Recipient

Project

Receipt Date

Subsidy Amount (RMB)

Subsidy Type

Document Basis

1

Changyuan Donggu

Project training expenses in the third quarter of 2019

January 2020

1,250,000.00

Income-related

“Notice on Solving Various Expenses for the City-wide Third Quarter Project Training Activities”

2

Changyuan Donggu

2019 Tax Contribution Award

March 2020

391,000.00

Income-related

“Notice on the Results of the Economic Work Assessment of the Entire District in 2019” (Xiangzhou Office [2020] No. 6)

3

Changyuan Donggu

2019 ICBC Loan Interest Subsidy

March 2020

16,394,500.00

Income-related

“Project Investment Agreement”

4

Changyuan Donggu

Stable Employment Subsidy

May 2020

326,982.70

Income-related

“Notice on the Application of Unemployment Insurance Stable Employment Return for Insured Enterprises in 2020”

5

Changyuan Donggu

Special Award for Listing

June 2020

4,000,000.00

Income-related

“Opinions of the Municipal People’s Government on Further Promoting Enterprise Listing Work”

6

Changyuan Donggu

Special Award for Listing

July 2020

2,500,000.00

Income-related

7

Beijing Changyuan

Intellectual Property Award

September 2020

200,000.00

Income-related

“Patent Implementation Project Agreement”

8

Changyuan Donggu

Special Fund for Imported Equipment Interest Subsidy

November 2020

3,159,528.00

Asset-related

“Notice of the Provincial Department of Commerce on Issuing the Detailed List of Subsidies for the Central Foreign Economic and Trade Development Special Fund (Import Interest Subsidy) Projects in 2020”

9

Xiangyang Longhong

Special Fund for Imported Equipment Interest Subsidy

November 2020

1,260,095.00

Asset-related

 

Total

29,482,105.70

-

-


The company confirms the above matters and classifies the subsidy types in accordance with the relevant provisions of “Enterprise Accounting Standard No. 16—Government Subsidies.” II. Types of Subsidies and Their Impact on Listed Companies

The above data has not been audited. The specific accounting treatment and the final impact on the company's profit and loss will be subject to the results confirmed after the annual audit by the accountant. Investors are advised to pay attention to investment risks.

This is hereby announced.

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Board of Directors

2020 November 24

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