On the evening of August 10, Wanrun Technology announced that it had a letter from the Shazui Sub-district Office of Xiantao City, Hubei Province, regarding the subsidy for the infrastructure supporting fees for the project land of Wanrun Technology Hubei Co., Ltd. (Sha Zheng Han [2015] 27 No.) Wanrun Technology Hubei Co., Ltd. (hereinafter referred to as “Hubei Wanrunâ€), a wholly-owned subsidiary of Wanrun Technology, recently received a subsidy fund of RMB 47,871,300 for infrastructure support fees for three plots of Xiantao Industrial Park project. 
According to the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", the subsidy funds received this time belong to the government subsidies related to the assets, which the company recognizes as deferred income, from the time when the relevant assets are available for use, according to the assets. The estimated useful life of the deferred income is transferred to the current profit and loss.
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