XJJW(SH:600888) Shang Hai Zheng Quan Bao·2025-12-12 19:31Group 1 - The company held its 11th temporary board meeting of the 10th session on December 12, 2025, with all 10 directors present and voting [2][5] - The board approved the proposal to supplement one non-independent director, recommending Mr. Chen Qijun as a candidate [3][4] - The board also approved the proposal for conducting hedging and forward foreign exchange business for the year 2026 [6][7] Group 2 - The company plans to conduct hedging for aluminum oxide and aluminum, with a maximum purchase of 36,000 tons of aluminum oxide and 10,000 tons of aluminum, and a maximum sale of 240,000 tons of aluminum oxide and 18,000 tons of aluminum [41] - The company will utilize its own funds and bank credit for hedging activities, with a maximum margin requirement estimated at 1.805 billion yuan [42][43] - The company aims to mitigate risks associated with price fluctuations in raw materials and product sales through these hedging activities [39][62] Group 3 - The company will also engage in forward foreign exchange transactions to manage currency risks related to its international business, with an expected maximum contract value of 70 million USD and 20 million EUR for 2026 [57] - The forward foreign exchange business will be conducted with qualified financial institutions only, ensuring compliance with regulatory requirements [59][60] - The company has established a comprehensive risk control framework for both hedging and foreign exchange transactions to prevent speculative trading [51][62]