LPXD(SZ:002114) Shang Hai Zheng Quan Bao·2025-12-12 20:55Meeting Overview - The third temporary meeting of the ninth board of Yunnan Luoping Zinc Electric Co., Ltd. was held on December 12, 2025, with all six directors present, and the meeting was deemed legal and effective [2][3]. Resolutions Passed - The board approved a guarantee for a bank loan of 10 million yuan for its wholly-owned subsidiary, New Materials Company, to enhance its liquidity [3][12]. - A guarantee for a commercial factoring financing loan of 50 million yuan for another wholly-owned subsidiary, Xiangrong Mining Company, was also approved [3][23]. - The board proposed to purchase liability insurance for directors and senior management, which will be submitted to the shareholders' meeting for approval [3][31]. - The appointment of Zhang Jianhong as the financial director was approved [3][75]. - The board approved the plan for the company to engage in futures hedging business in 2026 [3][37]. Financial Guarantees - The total amount of external guarantees by the company and its subsidiaries is 230.9 million yuan, with an actual guarantee balance of 138.78 million yuan, accounting for 14.72% of the latest audited net assets [19][29]. Liability Insurance - The company plans to insure all directors and senior management with a maximum annual premium of 620,000 yuan and a coverage limit of 100 million yuan [32][33]. Futures Hedging Business - The company aims to conduct futures hedging to mitigate price risks and secure sales revenue, with a maximum margin requirement of 30 million yuan for the year 2026 [37][39].