Core Viewpoint - The company held its 16th meeting of the 10th Supervisory Board on July 31, 2025, to discuss and approve the proposal for its subsidiary to engage in hedging activities and related transactions [1][2]. Group 1 - The meeting was attended by all three supervisors, and the proceedings complied with the Company Law and the company's articles of association [1]. - The Supervisory Board approved the proposal for the subsidiary to conduct hedging business through Suhao Hongye Futures Co., Ltd., confirming that the process adhered to market pricing principles and did not harm the interests of the company or its shareholders, particularly minority shareholders [1][2]. - The proposal will be submitted for review at the first extraordinary general meeting of shareholders in 2025 [2].

Core Viewpoint - The company held its 37th meeting of the 10th Board of Directors, where several key resolutions were passed regarding hedging activities, management system revisions, and fund extensions [1][2][3][4] Group 1: Hedging Business and Related Transactions - The company’s subsidiary plans to engage in hedging activities using its own funds through Hongye Futures, with a maximum margin and premium usage not exceeding 4% of the latest audited net assets attributable to shareholders [1][2] - The resolution for the subsidiary's hedging activities was approved with 4 votes in favor, 0 against, and 2 abstentions from related directors [2] Group 2: Management System and Fund Extensions - The Board approved the revision of the "Hedging Business Management System," with 6 votes in favor and no opposition [2] - The Board agreed to extend the duration of the Shanghai Sailin Huihong Equity Investment Fund for three years without charging management fees [3] Group 3: Asset Optimization - The company’s subsidiary, Suhao Zhongjin, will publicly transfer 20% of its partnership interest in Shenzhen Yulan De Equity Investment Fund at an assessed value of 0, with a transfer price of 1 yuan [3][4] - The transfer is expected to have no significant impact on the financial status or operations of the company and its subsidiaries [4] Group 4: Shareholder Meeting - The Board approved the convening of the 2025 First Extraordinary General Meeting of Shareholders [4]

Overview - Jiangsu Huyong International Group Co., Ltd. announced the extension of the operational period of the Shanghai Sailin Huyong Equity Investment Fund Partnership (Limited Partnership) due to ongoing investments that have not exited [1][2]. Fund Establishment and Investment - The company approved the establishment of an industrial merger fund with a total investment of 490 million yuan, with the Sailin Huyong Fund being registered in February 2017 [1][2]. - The fund has invested in 10 projects since its inception, focusing on logistics supply chain and strategic emerging industries [2]. Fund Extension Details - The fund's original operational period was set to expire in August 2024, but it will be extended by 3 years until August 1, 2028, to facilitate the exit of ongoing projects [2][3]. - During the extension period, no management fees will be charged [2]. Impact on the Company - The extension of the fund's operational period aligns with the actual investment situation and will not significantly impact the company's operations or current performance, ensuring the interests of all shareholders are protected [2][3]. - The matter does not require approval from the company's shareholders' meeting and does not involve related transactions or constitute a major asset restructuring [2].

Core Viewpoint - The company aims to conduct hedging activities through its subsidiaries to mitigate the adverse effects of price fluctuations on its operations and enhance risk resilience [1][3]. Summary by Sections Transaction Purpose - The subsidiaries of the company plan to engage in hedging activities to reduce losses from unfavorable price changes and maintain stable operations [1][3]. Transaction Amount - The maximum amount of margin and premiums to be utilized for the hedging activities will not exceed 4.0% of the company's most recent audited net assets attributable to shareholders [1][3]. Transaction Types and Locations - The hedging activities will involve futures contracts related to the company's operations, including but not limited to logs, pulp, and various non-ferrous metals, conducted on legal exchanges such as the Shanghai Futures Exchange and Dalian Commodity Exchange [2][5]. Related Party Transactions - The transaction constitutes a related party transaction as it involves 弘业期货, a company controlled by the company's major shareholder, 苏豪控股集团 [2][6]. Approval Procedures - The transaction has been reviewed and approved by various committees and boards within the company, including the audit, compliance, and risk control committee, and will be submitted for approval at the upcoming shareholders' meeting [3][6][7]. Financial Health of Related Party - 弘业期货 has demonstrated strong financial health, with total assets of approximately 1,169.94 million and net assets of about 187.68 million as of December 31, 2024 [8][9]. Impact on Company - The hedging activities are expected to enhance the company's risk management capabilities without affecting its normal business operations or harming the interests of shareholders, particularly minority shareholders [10][14]. Accounting Treatment - The company will follow relevant accounting standards for financial instruments and hedging activities to ensure proper financial reporting [14].

Group 1 - The company has recently changed the names of several subsidiaries to align with its operational development needs [1][2] - The name changes include the transformation of "江苏汇鸿国际集团中天控股有限公司" to "江苏汇鸿国际集团医药保健品进出口有限公司" and others [1] - The changes will not lead to significant alterations in the company's main business operations and are not expected to adversely affect future business development [2] Group 2 - Some subsidiaries have already completed the business registration changes and obtained the necessary licenses from regulatory authorities [1] - The company assures that the announcement contains no false records, misleading statements, or significant omissions [1]

Core Points - The article outlines the hedging management system of Jiangsu Huihong International Group Co., Ltd, aimed at standardizing hedging operations, enhancing management and supervision, and effectively preventing and controlling risks to ensure the safety of company assets [2][4][22] - The hedging business is defined as transactions using financial derivatives to hedge against specific risks such as price, credit, interest rate, and foreign exchange risks [2][3] - The company emphasizes a prudent approach to hedging, ensuring that transactions are simple, liquid, and risk-recognizable, and prohibits speculative trading [3][4] Summary by Sections General Principles - The hedging business must adhere to principles of prudence, business matching, unified management, and compliance [3][4] - The hedging activities are applicable to the company and its subsidiaries, which must develop detailed implementation rules based on the company's regulations [4][5] Business Qualifications and Organizational Structure - The board of directors authorizes the management to approve the qualifications of the operational entities engaged in hedging activities [5][6] - A dedicated hedging leadership group is established to oversee decision-making and supervision of hedging activities [7][8] Annual Plans and Operational Schemes - The company must create an annual hedging business plan based on previous performance and risk management capabilities, which requires board approval [11][12] - Operational entities must strictly follow the approved annual plan and seek board approval for any necessary adjustments due to significant market changes [16][17] Standard Operations and Risk Control - Hedging activities are subject to strict management, ensuring that different operational entities do not borrow or misuse scale indicators [12][13] - The operational entities must maintain a written authorization management system for trading permissions and ensure that funds used for hedging are self-owned [22][23] Reporting Mechanism and Emergency Response - Operational entities are required to report on hedging activities regularly, including monthly, quarterly, and annual reports detailing positions, strategies, and risk evaluations [30][31] - In case of significant risks or losses, immediate reporting to management is mandated, with detailed follow-up on the situation [34][35] Information Disclosure - The company must comply with relevant regulations for internal reporting and public disclosure of hedging activities, especially when losses exceed specified thresholds [37][38] Supervision and Accountability - The hedging leadership group is responsible for regular supervision and audits of the operational entities to ensure compliance with the hedging management system [40][41] - Strict penalties are outlined for personnel who fail to report or misreport hedging activities, ensuring accountability [41][42]

Core Viewpoint - The independent directors of Jiangsu Huihong International Group Co., Ltd. have reviewed and approved the proposal for the subsidiary to engage in hedging business and related transactions, emphasizing that the transactions are based on actual operational needs and aim to mitigate market price fluctuations [1][2]. Summary by Sections Proposal for Hedging Business and Related Transactions - The proposal involves Jiangsu Suhao Zhongjin Development Co., Ltd. and Jiangsu Suhao Zhongtian Holdings Co., Ltd. engaging in hedging activities through Hongye Futures, which is a subsidiary of the controlling shareholder Suhao Holding Group [1]. - The independent directors concluded that the transactions are necessary for operational needs and are designed to reduce uncertainties caused by market price volatility, thereby enhancing the company's overall risk resistance [1]. - The transactions adhere to principles of voluntariness, equality, and fairness, ensuring that there is no harm to the interests of the company and all shareholders, particularly minority shareholders [1].

Core Viewpoint - The announcement from Huihong Group indicates the approval of a proposal for its subsidiary to engage in hedging activities and related transactions, reflecting the company's strategic move to manage financial risks effectively [2] Group 1 - Huihong Group's 10th Supervisory Board held its 16th meeting to review and approve the proposal [2] - The proposal involves the subsidiary's engagement in hedging business, which is aimed at mitigating financial risks [2] - The decision signifies the company's proactive approach in managing market volatility and enhancing financial stability [2]

Group 1 - The core point of the article is that Huihong Group announced the approval of several proposals, including the plan for its subsidiary to engage in hedging business and related transactions during the 37th meeting of its 10th Board of Directors [2] Group 2 - The announcement indicates a strategic move by the company to manage financial risks through hedging activities [2] - The decision reflects the company's ongoing efforts to enhance its operational efficiency and financial stability [2] - The involvement in hedging business may provide the company with tools to mitigate potential market fluctuations [2]

Group 1 - The company, Huihong Group (600981), announced that it will hold its first extraordinary general meeting of shareholders on August 18, 2025 [1] - The agenda for the meeting includes the review of a proposal regarding the subsidiary's engagement in hedging business and related transactions [1]