Zixin Group Holdings Limited, a sweet potato biotech-focused industrial value chain operator, wishes to update shareholders and potential investors about the recent Typhoon Doksuri situation on its operation base located in Liancheng County, Fujian Province, China.
Liang Chengwang, Executive Chairman and Chief Executive Officer of Zixin Group, said: “We had prepared our workforce, suspended operations and travelling to at-risk locations, and also laid out contingency plans for any possible disruptions that could be brought upon by Typhoon Doksuri in late July. We are thankful that Typhoon Doksuri gave us a miss and our operations from seedlings nursery, sweet potato cultivation, to snack product manufacturing remained business as usual. While our sales and marketing are minimally affected, we cannot avoid some disruptions in transportation logistics.
“Nevertheless, we will ensure that all our customers receive their required inventories of our products. As such, we do not expect any material impact to our performance and we are on track to return to profitability in the current financial year ending 31 March 2024. Our employees’ health, safety and well-being remain the Group’s utmost priority, and we will continue to take precautionary measures to ensure all members in Zixin Group are well-prepared against any natural calamities. Keeping our employees safe and healthy is important to the sustainability and continuity of our organisation.”
Zixin Group carries out regular training and drills with its employees at least twice a year, to ensure its response capacities to natural disasters such as typhoon and wild fires are up to date. The workforce is also educated on the necessary supplies required for sheltering or evacuations from natural disasters, particularly food, water, personal protective equipment, sanitiser and disinfectants.
The Company will make further announcements to update shareholders as and when appropriate.
For more information:
Zixin Group Holdings Ltd
Website: zixingroup.com.sg