Securities code: 688087 securities abbreviation: Shandong Intco Recycling Resources Co.Ltd(688087) Announcement No.: 2022-001 Shandong Intco Recycling Resources Co.Ltd(688087)
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 liabilities for the authenticity, accuracy and integrity of its contents according to law.
1、 Basic information of obtaining government subsidies
Shandong Intco Recycling Resources Co.Ltd(688087) (hereinafter referred to as “the company”), its wholly-owned subsidiaries Intco Malaysia Sdn Bhd, Zhenjiang Yingke environmental protection machinery Co., Ltd., Zibo Lvlin frame industry Co., Ltd. and its holding subsidiaries Shanghai Yingke Industrial Co., Ltd. and Lu’an Yingke Industrial Co., Ltd. from July 9, 2021 to January 20, 2022, The total amount of government subsidies received is RMB 19365461.19, of which the government subsidies related to income are RMB 18736261.19 and the government subsidies related to assets are RMB 629200.00.
2、 Types of subsidies and their impact on Listed Companies
According to the accounting standards for Business Enterprises No. 16 – government subsidies and other relevant provisions, the company recognizes the above matters and divides the types of subsidies. The above government subsidies have not been audited, and the specific accounting treatment and impact on the company’s profits and losses shall be subject to the results confirmed by the audit institution after annual audit. Please pay attention to investment risks.
It is hereby announced.
Shandong Intco Recycling Resources Co.Ltd(688087) board of directors January 24, 2022
