Hangzhou Silan Microelectronics Co., Ltd announced that the Company's subsidiary, a Hangzhou-based technology company, has received subsidies of RMB 16.12 million as equipment subsidy, and subsidies of RMB 3.5 million for its light emitting diode research and industrialization project, from Financial Bureau of Hangzhou and Financial Bureau of Hangzhou Economic and Technology Development Zone. 

Source:reuters