SANYOU CORP.(SZ:300932) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-14 00:45Core Viewpoint - The company plans to adjust the limit for its commodity futures and options hedging business for 2026, increasing the maximum balance of margin and premiums from RMB 20 million to RMB 100 million to better manage the price volatility of key raw materials like copper and silver [2][4][51]. Group 1: Business Adjustment Details - The adjustment of the hedging business limit has been approved by the company's board and will be effective from the date of shareholder meeting approval until December 31, 2026 [2][4][51]. - The new limit allows for the margin and premiums to be used in a rolling manner within the approval period [2][4][51]. - The decision aims to mitigate the adverse effects of price fluctuations in essential raw materials on the company's operations [2][4][51]. Group 2: Risk Management and Control Measures - The company emphasizes that the hedging activities will not be for speculative purposes but will focus on risk management to stabilize production costs [4][9]. - Specific risk control measures include aligning hedging activities with operational needs, strict control over futures positions, and adherence to internal management regulations [10][11]. - The company has established a management system for futures and options hedging to ensure effective risk management and compliance with relevant laws and regulations [12][14]. Group 3: Meeting and Approval Process - The board of directors held a meeting on January 13, 2026, to discuss and approve the adjustment of the hedging business limit [51]. - The company plans to hold a temporary shareholder meeting on January 30, 2026, to seek shareholder approval for the proposed adjustments [54][30]. - The meeting will allow shareholders to vote either in person or through an online platform, ensuring compliance with legal and regulatory requirements [22][23][30].