Hainan Rubber announces governance reforms, recovers from typhoon

China Hainan Rubber Industry Group Co., Ltd. is set to hold its second extraordinary general meeting of shareholders on October 29, 2025, to approve major corporate governance changes. These include the elimination of the supervisory board, with its duties transferred to a newly constituted audit committee of the board of directors. The board will expand from 7 to 9 members, including one employee representative director. Mr. Han Jiuhai has been nominated as a non-independent director candidate. Additionally, the company plans to renew its engagement with Tianjian Certified Public Accountants (Special General Partnership) as its audit firm for 2025, with audit fees of CNY 5 million for financial reports and CNY 2 million for internal controls.

The company also reported on the recent impact of Typhoon Ma-on, which made landfall near Zhanjiang City, Guangdong Province, in 2025. Although some rubber biological assets and production facilities sustained damage, resulting in an estimated reduction of 0.28 million tons in dry rubber output for the year, there were no human casualties. Hainan Rubber swiftly initiated emergency response measures and has since restored production and operations at affected base branches, affirming the incident is not expected to materially affect its long-term sustainable development.