Suzhou Nanojoin Photonics, NSU’s subsidiary, has signed an agreement on subsidies supporting Nanojoin to promote the production and R&D of LED ” with Development Bureau of Suzhou Industrial Park (DBSIP) on 10th December, NSU said in an announcement on December 13th night. According to this agreement, Nanojoin has received a government subsidy of 27 million yuan from DBSIP as a way to promote the production and R&D of LED.
 
NSU said Nanojoin has already received the subsidy on 12th December. According to related regulations on Accounting Standards for Business Enterprises, this subsidy is confirmed to be deferred income and will be amortized to profit and loss in benefit period.