China’s LED application company Nationstar Optoelectronics (002449) announced in the evening of March 5^th that the company has received a notice on the plan of the special funding for developing emerging industries of strategic importance from Foshan Bureau of Science and Technology and special fund of RMB 12mn from the Bureau of Finance of Chancheng District, Foshan.

According to the agreement, Nationstar should get the project funding of RMB 1.8mn and the company’s holding subsidiary Nationstar Semiconductor RMB 5.4mn, and the rest belongs to the related partners.