NAR(SZ:002825) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-25 01:57Group 1 - The company held its 21st meeting of the fifth board of directors on December 24, 2025, to discuss various resolutions, including the election of the sixth board of directors [2][3][25] - The board approved the nomination of four candidates for non-independent directors and three candidates for independent directors, with all nominations receiving unanimous support [3][9][26] - The sixth board of directors will consist of seven members, with a term of three years starting from the approval date by the shareholders' meeting [25][26] Group 2 - The company plans to use up to RMB 1 billion of temporarily idle self-owned funds for cash management, investing in low-risk financial products, with a validity period of 12 months from the shareholders' approval [14][39][40] - The board approved the use of self-owned funds for foreign exchange derivative trading, with a maximum balance of USD 6 million, also valid for 12 months from the board's approval [17][51][56] - The company aims to conduct commodity futures hedging business with a maximum margin of RMB 30 million to mitigate risks associated with raw material price fluctuations [19][66][68]