Shenzhen Absen Optoelectronic Co.Ltd(300389) : Announcement on wholly owned subsidiaries receiving government subsidies

Securities code: Shenzhen Absen Optoelectronic Co.Ltd(300389) securities abbreviation: Shenzhen Absen Optoelectronic Co.Ltd(300389) announcement Code: 2022028 Shenzhen Absen Optoelectronic Co.Ltd(300389)

Announcement on government subsidies for wholly-owned subsidiaries

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

Huizhou Shenzhen Absen Optoelectronic Co.Ltd(300389) (hereinafter referred to as “the company”), Shenzhen Absen Optoelectronic Co.Ltd(300389) ) wholly owned subsidiary Huizhou Shenzhen Absen Optoelectronic Co.Ltd(300389) optoelectronics Co., Ltd. (hereinafter referred to as “Huizhou Shenzhen Absen Optoelectronic Co.Ltd(300389) “) recently received a government subsidy of RMB 3114000 from the Economic Development Bureau of Huizhou Zhongkai high tech Industrial Development Zone. The details are as follows:

The subsidy reason or subsidy collection date policy basis of the receiving and issuing entity is related to the accrual account of the project amount (10000 yuan) of the asset / accounting unit

Huizhou aihuizhou Zhongkai high tech enterprise technology reform March 2022 Huizhong finance, industry and other income compared with the special fund for the development and manufacture of Sen technology industry 311.40 [2022] 13 Guanyi District Economic Development Bureau No

Total 311.40 ——–

The above government subsidies are in the form of cash, which are related to the company’s daily business activities and are not sustainable, accounting for 10.46% of the company’s latest audited net profit. As of the date of this announcement, all the above government subsidy funds have been received.

2、 Types of subsidies and their impact on Listed Companies

1. Type of subsidy.

According to the accounting standards for Business Enterprises No. 16 – government subsidies and other relevant provisions, the government subsidies related to assets refer to the government subsidies obtained by the enterprise for the purchase and construction or the formation of long-term assets in other ways; Government subsidies related to income refer to government subsidies other than those related to assets. The company recognizes and classifies the types of subsidies according to the provisions. The government subsidies received above belong to the government subsidies related to income.

2. Recognition and measurement of subsidies.

According to the provisions of the accounting standards for Business Enterprises No. 16 – government subsidies, the company included the above actually received government subsidies of 3.114 million yuan into other income.

3. The impact of subsidies on listed companies.

The company plans to include the above actually received government subsidies into other income, which will increase the total profit of 3.1144 million yuan in 2022.

4. Risk tips and other instructions.

The impact on the company’s investment in the year 2022 that has not been audited shall be subject to the specific data of the company’s investment in the year 2022 that has not been audited, and please pay attention to the specific risks that have not been audited.

3、 Documents for future reference

1. Receipt certificate of government subsidy.

Shenzhen Absen Optoelectronic Co.Ltd(300389) board of directors April 5, 2022

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