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Yu Diamond received 10 million subsidies from the government
Abstract On the evening of April 1st, Yu Diamond (300064) announced that, in line with the preferential investment promotion policies of Xin'an County in Luoyang City, Henan Huamao New Material Technology Development Co., Ltd., a subsidiary of the company, received a government subsidy of 10 million yuan on March 29, 2013. This financial support was provided by the Xin'an County Government to aid the development and growth of the subsidiary. The move is seen as part of broader efforts by local authorities to attract and retain high-tech enterprises within the region. By offering such incentives, the county aims to stimulate economic activity and create more job opportunities. This announcement highlights the close collaboration between the company and local government, reflecting a strategic partnership aimed at long-term sustainable development. As the company continues to expand its operations, such supportive measures are expected to play a crucial role in its future success.