Announcement of Henan Diamond on obtaining government subsidies

Zhengzhou Huajing Diamond Co., Ltd. Securities Code: 300064 Securities Abbreviation: Yu Diamond Announcement Number: 2017-016

Announcement of Zhengzhou Huajing Diamond Co., Ltd. on obtaining government subsidies
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there are no false records, misleading statements or major omissions.
Zhengzhou Huajing Diamond Co., Ltd. (hereinafter referred to as “the company”) recently received subsidies from the Zhengzhou High-tech Industrial Development Zone Management Committee and the Zhengzhou New Materials Industrial Park Management Committee, with a total amount of RMB 10,543,815.00. Details are as follows:
I. Obtaining government subsidies
1. According to the “Zhengzhou High-tech Industrial Development Zone Management Committee's Decision on Recognizing 2016 High-Growth Enterprises” (Zheng Kai Guan [2017] No. 9), the company received an award of 400 for the payment on March 27, 2017. 000.00 yuan;
2. According to the Notice of Zhengzhou New Material Industrial Park on Giving Zhengzhou Huajing Diamond Co., Ltd. Project Construction Investment Award and Related Subsidy (Zheng Xincai [2017] No.6), the company received on March 28, 2017 The project construction investment incentive fund of Zhengzhou New Material Industrial Park Management Committee is 10,000,000.00 yuan, the intellectual property industrialization subsidy fund is 140,000.00 yuan, and the management system certification financial subsidy fund is 3,815.00 yuan.

Second, related accounting treatment and impact on the company
According to the relevant provisions of the “Accounting Standards for Business Enterprises” on government subsidies, the above-mentioned government subsidies are government subsidies related to income. The company will account for all the above-mentioned government subsidies into the current non-operating income, which is expected to have a positive impact on the 2017 annual operating results. The accounting treatment is subject to the results of the annual audit of the accounting firm, and investors are advised to pay attention to investment risks.
Zhengzhou Huajing Diamond Co., Ltd. hereby announces.

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