Hainan Rubber returns idle funds to special account

China Hainan Rubber Industry Group announced that it has returned all CNY 15,000 (thousand) of idle raised funds that were temporarily used to replenish working capital. The funds have been transferred back to the special account for raised funds. This decision was made to improve the efficiency of using idle raised funds and reduce the company's financial costs, while ensuring the funding needs of raised funds investment projects and not affecting their normal operations. The company also notified the sponsor and sponsor representatives of the return. The initial resolution to use these funds was approved at the 33rd meeting of the 6th Board of Directors and the 18th meeting of the 6th Board of Supervisors on June 12, 2024.