Announcement on obtaining government subsidies
Securities code: 301033 securities abbreviation: Medprin Regenerative Medical Technologies Co.Ltd(301033) Announcement No.: 2021-025 Medprin Regenerative Medical Technologies Co.Ltd(301033)
Announcement on obtaining government subsidies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Basic information of obtaining subsidies
Medprin Regenerative Medical Technologies Co.Ltd(301033) (hereinafter referred to as “the company” or ” Medprin Regenerative Medical Technologies Co.Ltd(301033) “) according to the contract of Guangzhou Science and technology plan project (Project No.: 201902010006) signed with Guangzhou Science and Technology Bureau and Guangzhou Development Zone Science and technology innovation Bureau (Huangpu District Science and Technology Bureau) on June 10, 2019 on the research on the innovation platform of high-end medical devices for biological 3D printing and tissue repair Agreement on subsidy funds of the project: after the project passes the acceptance, the amount of municipal financial subsidy is 4 million yuan.
The company recently obtained the government subsidy fund of RMB 4 million for the above projects. As of the date of this announcement, the above subsidy fund has been credited. The above government subsidies are related to the company’s daily business activities and are not sustainable.
2、 Types of subsidies and their impact on Listed Companies
(i) Subsidy type
According to the accounting standards for Business Enterprises No. 16 – government subsidies, the government subsidies related to assets refer to the long-term assets obtained by the enterprise, used for purchase and construction or formed in other ways
Announcement on obtaining government subsidies
Government subsidies; Government subsidies related to income refer to government subsidies other than those related to assets. The government subsidies received by the company this time are income related government subsidies. （2） Recognition and measurement of subsidies
According to the accounting standards for Business Enterprises No. 16 – government subsidies, the above government subsidies of 4 million yuan are included in other income. The specific accounting treatment shall be subject to the results confirmed by the annual audit of the accounting firm.
（3） Impact of subsidies on Listed Companies
The above subsidy of 4 million yuan will have a positive impact on the company’s total profit in 2021. The specific amount shall be subject to the company’s annual audit report.
（4） Risk tips and other instructions
1. The above data has not been audited, and the specific accounting treatment and impact on the company’s financial data in 2021 shall be subject to the results confirmed by the annual audit of the accounting firm;
2. The above government subsidy funds are not sustainable. Please pay attention to the investment risks.
3、 Documents for future reference
1. Contract for government projects related to subsidies;
2. Collection voucher.
It is hereby announced.
Medprin Regenerative Medical Technologies Co.Ltd(301033) board of directors December 24, 2021
