Zhejiang Resources (600070): Get Government Subsidy

Announcement of Zhejiang's Limited by Share Ltd on getting government subsidies

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

First, the basic situation of obtaining subsidies.

According to the thirty article (Revised Edition) of the industrial economic policy of Zhuji, the seventeenth article "strengthening the support and upgrading of backbone enterprises" is the policy document of the Zhejiang Municipal Economic Policy (seventeenth, 30). The Zhejiang Fu run Limited by Share Ltd (hereinafter referred to as the "company") can receive a special subsidy of 17 million 940 thousand and 100 yuan.

In January 18, 2019, the company received the above subsidy funds allocated by the Zhuji Municipal Finance Bureau.

Two, the type of subsidy and its impact on listed companies.

According to the provisions of "accounting standards for Enterprises No. sixteenth - government grants", the above government subsidies are related to the daily activities of enterprises. According to the essence of economic activities, they are included in the company's 2019 other "income". It is estimated that the pre tax profit will be increased by 17 million 940 thousand and 100 yuan (Unaudited), which will have a certain impact on the current performance.

Notice hereby.

Board of directors of Zhejiang Limited by Share Ltd

Two January 19th 19