Date: 2013-07-31

Xiangyang Automobile Bearing Co., Ltd (ZXY ) Received Goverment Industrial Development Subsidy Fund of RMB 100 Million

Xiangyang Automobile Bearing Co., Ltd announced that it received the industrial development subsidy fund of RMB 100 Million for construction project of Xiangyang Automobile Bearing Industrial Park from Finance Bureau of Xiangyang Hi-tech District.

According to the announcement, the industrial development subsidy fund above is allocated for speeding up the construction of Xiangyang Automobile Bearing Industrial Park, including facility construction of the park, equipment purchase, equipment modification, and equipment relocation expenses etc.

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