King Long and Golden Dragon Respectively Receive 10 Million RMB Grant from Fujian Provincial Governm

www.chinabuses.org: On Sept. 22, King Long made a public announcement that its subsidiaries, Xiamen King Long United Automotive Co., Ltd. and Xiamen Golden Dragon Bus Co., Ltd. Respectively received a 10-million-RMB grant from Fujian Provincial Government for market exploration and expansion.

As the 20-million-RMB grant has been taken as current profits and losses for the parent company, King Long's net profits in 2015 totaled 11.475 million RMB. (Note: the statistics mentioned above are not audited. The annual audited financial report is still to be made.)

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