Securities code: 600686 securities abbreviation: Xiamen King Long Motor Group Co.Ltd(600686) No.: pro 2022-002 Xiamen King Long Motor Group Co.Ltd(600686)
Announcement on receiving national subsidy for promotion of new energy vehicles
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.
Xiamen Jinlong United Automobile Industry Co., Ltd. and Xiamen Jinlong station wagon Co., Ltd., the holding subsidiaries of the company, recently received 285160000 yuan and 341260000 yuan of national subsidies for the promotion and application of new energy vehicles transferred by Xiamen Finance Bureau, respectively. The total amount of the above subsidies was 626420000 yuan.
The above subsidies will directly offset the accounts receivable formed by the sold new energy buses and have a positive impact on the company’s cash flow.
It is hereby announced.
Xiamen King Long Motor Group Co.Ltd(600686) board of directors January 20, 2022
