Guoxing Optoelectronics announced that it has received special funds for the "National 863 Program" LED project

[High-tech LED News] Recently, Guoxing Optoelectronics (002449) announced that it has received the notice from the National Science and Technology Development (2011) No. 129 on the budget for the first batch of national high-tech research and development plans for 2011. According to the overall arrangement of the special funds for the National High Technology Research and Development Program (863 Program) by the Ministry of Science and Technology and the Ministry of Finance:

1. The National 863 Program, which is jointly undertaken by Nanchang University and Guoxing Optoelectronics Co., Ltd., “large-size Si substrate GaN-based LED epitaxial growth, chip preparation and packaging technology”, has received a special budget of 55.65 million yuan. The special fund is 33.39 million yuan, and the proportion of China Star Optoelectronics funds is 7.5%. The company has received a special fund of 2,504,300 yuan.

2. The National 863 Program, which is jointly undertaken by Yangzhou Zhongke Semiconductor Lighting Co., Ltd. and Guoxing Optoelectronics Co., Ltd., “Research on the industrialization preparation technology of high-efficiency white LED epitaxial chips based on vertical structure”, obtained a special budget of 13.83 million yuan. The special fund for the sub-nuclear allocation was 8.3 million yuan, and the proportion of the distribution of China Star Optoelectronics was 12%. The company has received a special fund of 996,000 yuan recently.

Guoxing Optoelectronics said that the special fund company received this time will be included in the “Deferred Income” subject according to the “Accounting Standards for Business Enterprises”, and will not have a significant impact on the current profit and loss of the company.

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