Ankai Bus Receives 20 Million Yuan Subsidy from Anhui Department of Finance

  Ankai released after-hours public report that Ankai recently received 20 million Yuan subsidy from Anhui Provincial Department of Finance, including 12 million Yuan for research and development and 8 million Yuan for independent innovation.

Ankai Bus stated that 9 million Yuan of 12 million yuan would be included in the 2013 annual nonrevenue receipt and the rest 3 million Yuan would be taken as deferred income with 8 million Yuan for independent innovation.