Hainan Rubber secures significant insurance payout and land compensation

Hainan Rubber Industry Group Co., Ltd. recently disclosed the receipt of significant funds from two distinct sources. The company received an insurance payout totaling CNY 89,957,712.70 for income losses incurred in May 2025 due to pests and diseases, as stipulated by the "Hainan Rubber 2025 Rubber Income Insurance Project Insurance Agreement." This amount has been recognized as other income in its accounting records.

Additionally, the company received land acquisition compensation amounting to CNY 36,338,265.05 for projects including the G98 Hainan Ring Expressway Dasa Sanya Section Expansion. This compensation package includes CNY 31,147,240.05 for employee resettlement subsidies and CNY 5,191,025.00 for sapling compensation. These funds are recognized as non-operating income upon the fulfillment of the conditions set forth in the land acquisition agreement.

The company advises investors to be mindful of investment risks, noting that the final accounting treatment of these specific items will be subject to confirmation by an auditing institution. This announcement was made by the board of directors on October 10, 2025.