Muyuan Foods (SZ:002714) Zheng Quan Ri Bao·2025-12-10 08:01Group 1 - The company aims to mitigate the adverse effects of significant fluctuations in feed raw material prices and live pig prices by engaging in commodity futures hedging activities using its own funds [2][3] - The company will conduct hedging activities in compliant public trading venues, including but not limited to options, futures, and forward contracts, specifically for agricultural products directly related to its operations, such as corn, soybean meal, and live pigs [2][4] - The maximum amount of margin and premiums required for the hedging activities will not exceed RMB 800 million, excluding physical delivery payments for futures [2][3] - The board of directors approved the proposal for commodity futures hedging activities during a meeting held on December 9, 2025, and this proposal does not require shareholder meeting approval [7] Group 2 - The company has established a comprehensive internal control and risk management system for commodity futures hedging, ensuring compliance with relevant regulations and effective risk mitigation measures [3][11] - The hedging activities will be conducted using self-owned funds, and no raised funds will be used directly or indirectly for these activities [6][21] - The hedging period is set from January 1, 2026, to December 31, 2026 [5] Group 3 - The company plans to engage in financial derivatives trading to hedge against exchange rate and interest rate fluctuations, with a maximum trading amount of RMB 7 billion and a maximum margin and premium usage of RMB 700 million [16][20] - The financial derivatives trading will include various instruments such as forward foreign exchange contracts, foreign exchange swaps, and interest rate options, among others [16][19] - The board of directors also approved the proposal for financial derivatives trading during the same meeting on December 9, 2025, which does not require shareholder meeting approval [22] Group 4 - The company will adhere to strict accounting principles in accordance with relevant accounting standards for the recognition and measurement of financial instruments and hedging activities [12][28] - Regular disclosures regarding the status of commodity futures hedging and financial derivatives trading will be made in periodic reports [13][29]