Dongxu Optoelectronics announced that Shanghai Shenlong Bus Co., Ltd., a wholly-owned subsidiary of the company, received the second batch of subsidies for the promotion of new energy vehicles in 2016 transferred by the Shanghai Municipal Bureau of Finance on May 21, 2018.
The above funds are the promotion subsidies for new energy vehicles sold by the company in 2016 with a total mileage of 30,000 kilometers as of September 30, 2017.
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