Gelonghui, May 29丨Lanfeng Biochemical (002513.SZ) announced that recently, according to the relevant provisions of the “10GW Ultra High Efficiency N-Type Photovoltaic Cell and Module” Project Supplementary Agreement signed between Xuhe Technology, the holding subsidiary of the company, the Sino-Singapore Suchu High-tech Industrial Development Zone Management Committee and Sino-Singapore (Chuzhou) Development Co., Ltd., Xuhe Technology received Chuzhou Zhongzhu Chuzhou Construction and Development Group Co., Ltd. (Note: the Sino-Singapore Suchu High-tech Industrial Development Zone Land Reserve Center and the Chuzhou Municipal People's Government State-owned Assets Supervision and Administration Committee hold 100% of its shares) Fixed asset investment grants of RMB 20 million were issued, accounting for 79.30% of the latest audited net assets of listed companies.
Up to now, Xuhe Technology has received a total of 96.5089 million yuan in government grants this year, accounting for 382.65% of the listed company's most recent audited net assets. The above subsidies are asset-related government subsidies. Xuhe Technology has received this amount and confirmed it as deferred income. Currently, this government subsidy is sustainable.