Sunlong Receives 242 Million RMB Government Subsidies

On May 23, Tunghsu Optoelectronic announced that its subsidiary, Shanghai Sunlong Bus Co., Ltd. (hereafter referred to as Sunlong) received a total amount of subsidies 242,000,000 RMB for promoting the application of new energy vehicles.

The subsidies will further improve the cash flow of Sunlong, bringing positive impacts on the company’s overall operation.()