On the afternoon of September 7, 2024, Typhoon Mocak (super typhoon level) landed on the southern coastal area of Guangning Province, Vietnam. At the time of landing, the maximum wind force near the center was 17 levels (58 meters/second). The company's wholly-owned subsidiaries GREENWORKS (VIETNAM) COMPANY LIMITED and GREENWORKS (THAIBINH) COMPANY LIMITED, located in Vietnam, have suffered losses to some of their assets due to the impact of this typhoon.
Due to the large amount of investigation work needed, the extent of the damage is yet to be determined. Based on the company's preliminary estimation, the direct economic losses caused by this typhoon are expected to be approximately 30 million to 50 million yuan (without considering the subsequent compensation amount deducted by the insurance company). The company has purchased property insurance, and the insurance company is currently assessing the loss. The specific amount of loss will be based on the company's audited periodic reports.