HAINAN RUBBER GROUP plans to invest 120 million yuan to participate in the establishment of an industrial fund

According to the announcement from HAINAN RUBBER GROUP (601118.SH), in order to earnestly implement the "Several Opinions on Continuously Deepening the Reform of Hainan Agricultural Reclamation and Promoting High-Quality Development of Agricultural Reclamation" issued by the Hainan Provincial Party Committee and Provincial Government, and to fully implement the "Five Ones" construction deployment for natural rubber, HAINAN RUBBER GROUP plans to jointly invest with Hainan Agricultural Reclamation Investment or its designated entity, and Hainan Agricultural Reclamation Fund to establish an industrial fund. This fund will focus on investing in high-quality enterprises in the rubber industry chain, new materials, and other related upstream and downstream agricultural industries that possess leading core technologies and good operating performance, serving national strategies, enhancing the resilience of the rubber industry chain, fully utilizing the policy advantages of Hainan Free Trade Port, and attracting high-quality domestic and foreign capital and projects to gather in Hainan, thereby strengthening and expanding the rubber industry chain, empowering technology, and enhancing the company's core competitiveness.

The subscribed capital contribution of the industrial fund is 200 million RMB, with all parties contributing in RMB. Among them, HAINAN RUBBER GROUP, as a limited partner, will contribute 120 million RMB, accounting for 60% of the total contribution; Hainan Agricultural Reclamation Investment or its designated entity, as a limited partner, will contribute 79 million RMB, accounting for 39.5% of the total contribution; and Hainan Agricultural Reclamation Fund, as a general partner, will contribute 1 million RMB, accounting for 0.5% of the total contribution