Core Viewpoint - The company has approved the addition of options hedging business to enhance its risk management capabilities and financial stability, primarily to mitigate the impact of raw material price fluctuations on its operations [1][10]. Group 1: Transaction Overview - The company previously approved futures hedging business on March 14, 2025, allowing the use of self-owned funds for hedging activities, with a maximum margin of RMB 50 million and a maximum contract value of RMB 200 million per trading day [2][6]. - The newly added options hedging business will include both on-exchange and off-exchange copper futures and options contracts, tailored to the company's operational needs [3][8]. Group 2: Purpose and Impact of the Transaction - The purpose of the hedging business is to reduce the impact of raw material price volatility, particularly for copper, which is a key input for the company's products [5][16]. - The hedging activities are expected to enhance the company's financial stability and overall risk management capabilities, thereby improving its competitive edge and sustained profitability [16]. Group 3: Approval Process - The board of directors and the audit committee approved the proposal for the options hedging business on January 8, 2026, confirming that it aligns with the company's operational needs and complies with relevant regulations [10][11]. Group 4: Transaction Details - The hedging business will be effective from January 8, 2026, to March 30, 2026, with the ability to roll over the authorized limits within the specified timeframe [9][12]. - The company will utilize its own or self-raised funds for the hedging activities, explicitly prohibiting speculative trading [7][8]. Group 5: Risk Management Measures - The company has established a comprehensive risk management framework to address potential risks associated with the hedging activities, including market, funding, internal control, technical, and policy risks [13][14]. - Regular audits and checks will be conducted to ensure compliance with risk management protocols and to mitigate operational risks [14]. Group 6: Accounting Treatment - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to the hedging activities [16].
广东嘉元科技股份有限公司 关于增加期权套期保值业务交易方式的公告