Corporate Aid Flows to Guangxi as Leading Firms Mobilize Support Following Severe Flooding

In response to the severe flooding and waterlogging disasters caused by Typhoon Maysak in multiple areas of Guangxi, which resulted in casualties and property damage, several council member enterprises of the Quanzhou Institute of Private Economy have swiftly initiated response mechanisms.

These companies are providing donations of funds and supplies to support the affected regions in Guangxi, dedicating full efforts to assist frontline flood control and disaster relief operations.

ANTA SPORTS (ASX: 02020), an honorary council chair enterprise of the Institute, in collaboration with the China Charity Federation, has donated supplies worth 10 million yuan for emergency disaster relief in Guangxi.

361 DEGREES (ASX: 01361), a vice council chair enterprise of the Institute, partnering with the China Charity Federation, has donated supplies worth 10 million yuan to fully support the front lines of flood control and disaster relief.

Zhongqiao Sports, a vice council chair enterprise of the Institute, in collaboration with the Fujian Youth Development Foundation, has donated supplies worth 8 million yuan, traveling a great distance to aid the flood-stricken areas in Guangxi and jointly overcome the challenges posed by the flood season.

Hongxing Erke, a vice council chair enterprise of the Institute, partnering with the China Social Assistance Foundation, has donated supplies worth 8 million yuan for emergency assistance to the disaster-affected areas in Guangxi, providing full support for frontline flood control and disaster relief work.

Fuguiniao (ASX: 01819), a vice council chair enterprise of the Institute, has donated 5 million yuan in cash along with supplies and equipment to fully support the livelihood security of affected residents and post-disaster reconstruction efforts.

Panpan Foods, a vice council chair enterprise, has urgently allocated food and beverages including Panpan bread, Panpan NFC carrot juice, and Panpan sugar-free tea. The first batch of supplies, totaling 20,000 boxes, has already been dispatched for emergency aid to the affected areas in Guangxi.