688786: Jiangxi Yuean Advanced Materials Co.Ltd(688786) announcement on obtaining government subsidies

Securities code: 688786 securities abbreviation: Jiangxi Yuean Advanced Materials Co.Ltd(688786) Announcement No.: 2022-018 Jiangxi Yuean Advanced Materials Co.Ltd(688786)

Announcement on obtaining government subsidies

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.

1、 Basic information of obtaining subsidies

Jiangxi Yuean Advanced Materials Co.Ltd(688786) (hereinafter referred to as "the company") has obtained various government subsidies related to income from January 1, 2022 to the disclosure date of this announcement, totaling 5975187.49 yuan.

2、 Types of subsidies and their impact on Listed Companies

According to the relevant provisions of the accounting standards for Business Enterprises No. 16 - government subsidies, the above government subsidies obtained by the company are government subsidies related to income. The above government subsidies have not been audited. The specific accounting treatment and the impact on the company's profit and loss in 2022 shall be subject to the results confirmed by the accountant's annual audit. Please pay attention to investment risks.

It is hereby announced.

Jiangxi Yuean Advanced Materials Co.Ltd(688786) board of directors February 21, 2022

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