ZJAMP.(SZ:002758) Xin Lang Cai Jing·2025-11-26 16:50Core Viewpoint - Zhejiang Agricultural Group Co., Ltd. plans to conduct hedging activities in 2026 to mitigate foreign exchange and commodity price volatility risks, with a maximum foreign exchange hedging limit of $440 million and a maximum margin for commodity futures of 761 million RMB [1][2] Business Overview: Focus on Risk Hedging to Lock in Operating Costs - The primary objective of the hedging activities is to avoid market risks in import-export operations and bulk commodity sales by stabilizing exchange rates and commodity prices [2] - The hedging business will cover two main areas: foreign exchange and commodity futures, with specific trading instruments closely related to the company's core operations [2] - The maximum trading limit for foreign exchange hedging is set at $440 million, while the margin for commodity futures and derivatives is capped at 761 million RMB, with funds sourced from the company's own capital [2] Risk Control: Multi-Dimensional System to Prevent Operational and Market Risks - The company emphasizes that the hedging activities are centered on "risk hedging," prohibiting speculative trading [3] - A specialized risk control system has been established to address potential risks associated with both foreign exchange and commodity futures hedging [4] Subsequent Arrangements: Authorization Mechanism to Ensure Efficiency - Following the approval of the hedging proposal, the company will seek authorization from the shareholders' meeting for the board of directors to further delegate authority to management for executing specific transactions within the approved limits [4] - The company anticipates that the hedging activities will help stabilize operational fluctuations and provide a safeguard for long-term sustainable development [4]