Typhoon Morakot badly hit China's south eastern coastal
provinces in Fujian and Zhejiang yesterday (9th August 2009), topplings houses, flooding
villages and has forced 1 million people in these provinces to evacuate for safety
reason. According to Xinhua News Agency, 300 houses and thousand of acres of farmland in
the provinces were inundated. Dozens of China's domestic flights were canceled and
delayed in Fujian and Zhejiang respectively and it was reported that bus services in
Fuzhou (Capital city of Fujian) was suspended.
We wish to clarify that Typhoon Morakot does not affect and interrupt
Sino Hua-An's business operations in any way as our wholly-owned subsidiary, Linyi Yehua
Coking Co., Ltd. is located in Shandong Province (closer to Northern China) which is
more than 1,000 km away from Fujian Province and more than 500 km from Zhejiang
Province. It is noted that none of our coal suppliers & steel maker customers are
affected as most of them are located in Shandong Province. In short, are
business as usual.
