-Will Receive Approximately RMB400 Million Subsidies from Central and Local Government HONG KONG, Dec. 17, 2018 /PRNewswire/ -- SMIT Holdings Limited ("SMIT" or the "Company"), a world leading CAM supplier and a major mPOS supplier in China, has succeeded in having its project "Development and Application of Full Process Electronic Design Automation (EDA) System for Chip Design" included on the National Science and Technology Major Project list and will receive subsidies in the total amount of approximately RMB400 million, half of which from the Central Government and half from the Shenzhen Municipal Government. As at the date of this announcement, the Company has received the first batch of the Grant from the PRC Central Government amounted to approximately RMB75 million.