Core Viewpoint - Longwei Co., Ltd. announced that its wholly-owned subsidiary, Ningbo Feiman Cable Co., Ltd., will engage in copper futures hedging to mitigate commodity price volatility risks, with strict prohibitions on speculative trading [1] Group 1: Company Announcement - The fourth meeting of the fourth board of directors was held on October 27, 2025, where the proposal for the subsidiary to conduct futures hedging was approved [1] - Ningbo Feiman is authorized to use its own funds for hedging activities directly related to its daily production and operation materials [1] - The maximum margin amount for hedging activities is set at RMB 10 million, while the contract amount can reach up to RMB 60 million, with the ability to roll over within the specified limits [1]
朗威股份：关于全资子公司开展期货套期保值业务的公告