Unprecedented rainfall hit Beijing, Tianjin, and Hebei province, causing widespread flooding and devastation, resulting in loss of life and property damage.

In response to the disaster, Jiangsu Xinchao Investment Group Co., Ltd. and Jiangsu Xinchao Ren'ai Charity Foundation donated CNY 800,000 through the Jiangyin Charity Federation for the procurement of emergency supplies, medical assistance, resettlement of those affected by the disaster, and post-disaster reconstruction.

The Xinchao Innovation Investment Group has always been actively engaged in public welfare and charity. In 2007, the Jiangsu Xinchao Ren'ai Charity Foundation was established by the Group to fulfill its corporate social responsibility. Whenever the nation has been stricken by a disaster, the Xinchao Innovation Investment Group and Xinchao Ren'ai Charity Foundation have been there to provide assistance. This special donation will contribute to the emergency rescue and post-disaster reconstruction in the affected areas.