Securities code: Ningbo Shanshan Co.Ltd(600884) securities abbreviation: Ningbo Shanshan Co.Ltd(600884) Announcement No.: pro 2022032
Ningbo Shanshan Co.Ltd(600884)
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 Basic information of obtaining government subsidies
Recently, Ningbo Shanshan Co.Ltd(600884) (hereinafter referred to as “the company”) received a notice from its wholly-owned subsidiary Ningbo Shanshan Venture Capital Co., Ltd. that it received a government subsidy of 51.67 million yuan from the Finance Bureau of Ningbo Meishan free trade port area. The content of the government subsidy is the return of value-added tax, enterprise income tax and individual income tax. The government subsidy accounts for more than 10% of the net profit attributable to the shareholders of the listed company in the latest fiscal year (i.e. 2020).
2、 Impact on Listed Companies
The company recognizes the above matters and classifies the types of subsidies in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 16 – government subsidies. The government subsidy is related to income and is expected to have an impact on the current profit and loss of 51.67 million yuan (Unaudited). The specific accounting treatment and impact on the company’s profit and loss are finally subject to the results confirmed by the audit institution. Please pay attention to investment risks.
It is hereby announced.
Ningbo Shanshan Co.Ltd(600884) board of directors April 10, 2022
