603029: Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) announcement on receiving government subsidies

Securities code: 603029 securities abbreviation: Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) Announcement No.: pro 2022-005

Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029)

Announcement on receiving government subsidies

The board of directors and all directors of the company guarantee that there are no false records and misleading statements in the contents of this announcement

Or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

1、 Basic information of subsidies

Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) (hereinafter referred to as "the company" or " Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) ") and controlling

Xinjiang Swan modern agricultural machinery equipment Co., Ltd. (hereinafter referred to as "modern agricultural equipment") since 2021

Since August 2008, various government subsidies related to income have been received accumulatively, with details as follows:

Unit: 10000 yuan

Name of supplementary project and subsidy basis

Time amount of number aid subject

Notice on printing and distributing the science and technology fund of the Sixth Division Wujiaqu 1 agricultural equipment 2021-8 recycling machine project 9.00 2021 annual science and technology plan (Shi Shi Ban Fa [2021] No. 7)

In 2020, the second batch of municipal government issued the notice of Jinan Municipal Finance Bureau on printing and distributing the measures for the administration of special funds for intellectual property stock funds (patents) of Jinan City

In 2020, swan issued the notice on the application of district level supporting 1.15 leading fund projects for the development of open economy in 2020

Letter of the Ministry of human resources and social security of Shandong Province on transmitting the letter of the Ministry of human resources and social security of Shandong Province on implementing the subsidy of replacing training with work 28.20 in April 2021-9 [2021] Document No. 14 notice of Zhaxi on promoting vocational skills improvement (jrsz [2021] No. 44)

5 Swan 2021-9 the first migratory high-level person 2.50 notice of Tianqiao District on the application and selection of financial talent introduction of enterprise soft talent project in 2020

Notice of Jinan Municipal Bureau of Finance on the implementation of post stabilization and expansion policy of joint-stock unemployment insurance in 2021

Swan national key scientific research projects supplement the announcement of the Department of science and technology of Shandong Province on 2021-9 assistance and reward funds for 2021 7 shares 2.04 list of proposed subsidies and rewards for national key scientific research projects

8 modern 2021-10 machine cotton picking water and impurity rapid detection 10.00 "BINGTUAN financial science and technology plan project task statement of agricultural equipment and intelligent control technology and equipment"

Research and demonstration subsidy

From September 2021 to October, the subsidy of work for training is 1.80, which is the same as the basis of item 4

shares

Swan enterprise research and development finance supplement notice on printing and distributing the measures for the implementation of Shandong enterprise research and development 10 Co., Ltd. 2021-11 financial aid 9.67 (LKZ [2021] No. 2)

Subtotal 72.00

11 municipal "one enterprise, one technology" 20.00 notice of Jinan Municipal People's Government on printing and Distributing Several Policies and measures of Jinan Swan 2022-2 R & D center to reward the municipal intelligent manufacturing pilot demonstration 100.00 for promoting advanced manufacturing industry and digital economy (Jifan project award Zheng Fa [2019] No. 1)

Notice of Swan Quancheng industry leader in 2020 on printing and distributing the detailed rules for the implementation of the 18.80 talent conversion support plan for the implementation of the 2022-2 military talent subsidy fund of new and old kinetic energy 13 shares in Tianqiao District (Revised)

Subtotal 138.80

Total 210.80

2、 Impact on Listed Companies

According to the relevant provisions of the accounting standards for Business Enterprises No. 16 - government subsidies, the company recognizes the above subsidies as

The total amount of government subsidies related to income items 1-10 is 720000 yuan, which is included in 2021

Profit and loss; The total amount of subsidies 11-12 is 1.2 million yuan, which is included in the profit and loss of 2022, and the 13th subsidy

RMB 188000 is included in deferred income, which will have a certain positive impact on the company's profit in 2022. The specific details will be

The accounting treatment and its impact on the company's profits and losses shall be subject to the results confirmed by the audit institution after the annual audit. Please

Investors should pay attention to investment risks.

It is hereby announced.

Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) board of directors

February 16, 2022

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