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According to the agreement of the cooperation agreement, the company received project funding of 1.8 million, and the company's controlling subsidiary, Guoxing Semiconductor, received project funding of 5.4 million, and other related units.
The project is led by Guoxing Optoelectronics Co., Ltd., a subsidiary of the company's holding subsidiary, Guoxing Semiconductor, and its name is “High-efficiency LED epitaxial chip structure design and industrialization key technology research and developmentâ€. Funds allocated by the government, Guoxing Optoelectronics, Guoxing Semiconductor, Guangdong Industrial Technology Research Institute and South China University of Technology are allocated at a rate of 15%, 45%, 30%, and 10%. 
Guoxing Optoelectronics (002449) announced on the evening of March 5 that the company received a notice from the Foshan Municipal Science and Technology Bureau and other projects for the third batch of strategic emerging industry development special funds (LED industry), and recently received the Chancheng City of Foshan City. The provincial special fund allocated by the District Finance Bureau is 12 million yuan.