HAINAN RUBBER GROUP: Affected by Typhoon "Swordfish," it is expected that the annual dry rubber production will decrease by approximately 2,500 tons
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HAINAN RUBBER GROUP announced that due to the impact of Typhoon "Swordfish," it is expected to reduce dry rubber production by approximately 2,500 tons for the whole year. The typhoon caused losses to the rubber and biological assets of some subsidiaries within Hainan Province, with approximately 2,800 acres of rubber plantations being scrapped and about 360,000 rubber and non-rubber biological assets being damaged. Major properties have been insured, and the insurance company will provide compensation, which is expected to mitigate the losses. The insurance company has already advanced part of the compensation amounting to 5 million yuan
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