ZFTC(SH:600794) Shang Hai Zheng Quan Bao·2025-12-10 18:20Group 1 - The company held its 10th board meeting on December 10, 2025, via telecommunication, with all 8 directors participating, ensuring compliance with relevant laws and regulations [2][4] - The board approved the appointment of the auditing firm for the 2025 fiscal year, which will be submitted for shareholder approval [3][5][88] - The board also approved a proposal for the 2026 fiscal year to provide a bank credit guarantee of up to 1.2 billion RMB for its wholly-owned subsidiary [6][29] Group 2 - The company announced the dissolution of the Baoshui Shengbang Fund, which had not conducted any business due to changes in the external investment environment, and all partners agreed to the liquidation [20][21] - The fund's total assets were reported at approximately 199.33 million RMB, with a net profit of 1.06 million RMB for the year [22][23] - The dissolution will not impact the company's operations or shareholder interests [24] Group 3 - The company plans to use idle funds for entrusted financial management, with the proposal approved by the board and not requiring shareholder approval [11][12][58] - The maximum investment amount is set at 300 million RMB, with a focus on optimizing investment structure and improving asset returns [53][54] Group 4 - The company authorized its subsidiaries to engage in hedging and forward foreign exchange transactions to mitigate risks associated with commodity price fluctuations and currency exchange rates [15][41] - The expected maximum margin for hedging transactions is set at 50 million RMB, while the limit for forward foreign exchange transactions is 10 million RMB [42][43] Group 5 - The company is set to hold its fourth extraordinary general meeting on December 26, 2025, to discuss various proposals approved by the board [18][91] - The meeting will utilize both on-site and online voting methods, ensuring broad participation from shareholders [92][93]