On August 24, 2012, China Electronics Import and Export Corporation (tendering agency) announced the “2012/2013 fiscal lighting product financial subsidy promotion project (outdoor lighting products – LED street lights, LED tunnel lights) winning the finalist results†and “ 2012/2013 semiconductor lighting products financial subsidy promotion project (indoor lighting products - LED downlights, reflective self-ballasted LED lights) winning the finalist results" (hereinafter collectively referred to as "winning the final results"), Foshan Guoxing Optoelectronics Co., Ltd. (hereinafter referred to as "the company") is one of the successful bidders for the above bidding activities, and won a total of 3 packages.
The bidding subsidy funds are indirectly subsidized, and the financial subsidies are given to the winning bidders. The bidders are then sold to the end users at the price of the bidding agreement minus the financial subsidy funds. The ultimate beneficiary is the end user.
The company won the bid as follows:
(1) Outdoor lighting products - LED street lights, LED tunnel lights
(2) Indoor lighting products - LED downlights, reflective self-ballasted LED lights
The results of the successful bidding show that the company has the qualification to participate in the 2012/2013 financial subsidy promotion project for semiconductor lighting products. At present, the company is unable to predict the actual promotion quantity and amount, nor can it predict the impact on the company's performance.
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