Sanan Optoelectronics (600703) announced that it had received the Notice of the Anxi County Finance Bureau of the Anxi County Finance Bureau on the financial subsidies for the sapphire substrate project of Sanan Optoelectronics Co., Ltd. on December 28th.

According to the goal of the Anxi County government to accelerate the cultivation of high-tech emerging industrial clusters, promote the development of the LED optoelectronic industrial chain in Anxi County, and allocate 200 million yuan of “technical three” financial subsidy funds to the Sanan Optoelectronic Sapphire Substrate Project.

It is reported that Sanan Optoelectronics officially signed an investment cooperation contract with the Anxi County People's Government of Fujian Province in September this year. Sanan will invest in the research and development and manufacture of sapphire substrates in Quanzhou (Hutou) Optoelectronic Industrial Park, Fujian. It has an investment of 2.5 billion yuan and covers an area of ​​about 800 acres. It is expected to produce 12 million pieces of 2-inch substrates per year. The total construction period of the project is 3 years and we strive to complete it in 2 years.

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