Shandong Weifang Rainbow Chemical Co.Ltd(301035) : Ningxia Gree, a subsidiary, has stopped production for safety inspection due to a safety accident

it was announced on may 22 that an accident occurred in a wastewater storage tank of Ningxia Gerui Fine Chemical Co., Ltd., a holding subsidiary of the company, during the maintenance of the breather valve, resulting in the death of two construction personnel of the company’s external contractor. At present, the on-site rescue work has been completed. The accident is under investigation, and the details shall be subject to the information of the local government.

After the accident, the company immediately started the emergency plan, and the company’s leaders rushed to the site to organize disposal, timely reported to the relevant departments of the local government according to the relevant procedures, actively cooperated with the relevant departments to organize rescue and investigation, and did a good job in the aftermath work such as condolences to the families of the casualties.

Shandong Weifang Rainbow Chemical Co.Ltd(301035) said that Ningxia Gree is the holding subsidiary of the company and the company’s main production base of crude drugs. At present, Ningxia Gree has stopped production for safety inspection and fully cooperated with relevant government departments to investigate and analyze the cause of the accident. The company will seriously learn from the lessons of this accident. The company and its subsidiaries will immediately carry out safety production inspection, draw inferences from one instance, conduct in-depth hidden danger investigation and rectification, prevent similar accidents from happening again, and ensure the safety of employees’ lives and property. The company will pay full attention to the progress of the matter and fulfill the obligation of information disclosure in time. The company expresses deep condolences to the victims and their families in the accident and apologizes for the social impact of the accident.

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