China Hainan Rubber Industry Group (601118.SH) received a total of 41.09 million yuan in insurance claims for rubber tree and rubber income.

China Hainan Rubber Industry Group (601118.SH) announced that in July 2024, the company's affiliated planting sector subsidiaries suffered varying degrees of losses due to the impact of Typhoon "Pai Bian," triggering insurance claims. According to the agreements of the "China Hainan Rubber Industry Group 2024 Rubber Tree Physical Cost Insurance Project" and the "China Hainan Rubber Industry Group 2024 Rubber Tree Full Cost Insurance Project," the loss was assessed and the determined payout amount is 4,024.8 million yuan. The aforementioned insurance payout has been received and accounted for as a special accounts payable. According to the agreement of the "China Hainan Rubber Industry Group 2024 Rubber Revenue Insurance Project (New)," in April 2024, due to pests and diseases causing the actual rubber income to be lower than the target income, triggering insurance claims. After assessment, the insurance payout amount has been determined to be 37,073.2 million yuan. The company has recently received the above-mentioned insurance payout which has been accounted for as other income.