雪松发展股份有限公司 第六届董事会第十一次会议决议公告

Core Viewpoint - The company Snow Development Co., Ltd. plans to apply for a total financing limit of up to RMB 1 billion to support its daily operations and business expansion, along with mutual guarantees among its subsidiaries [1][6][7]. Financing and Guarantee - The company and its subsidiaries intend to apply for financing not exceeding RMB 1 billion, covering various financial products such as working capital loans, entrusted loans, and project loans [1][6]. - The proposed mutual guarantee limit among the company and its subsidiaries is also set at RMB 1 billion, with specific allocations of RMB 500 million for subsidiaries with a debt-to-asset ratio above 70% and RMB 500 million for those below [2][6]. - The financing and guarantee arrangements are subject to approval at the upcoming shareholders' meeting [7]. Risk Management - The company has approved the continuation of its futures hedging business to mitigate risks associated with inventory and price fluctuations, with a maximum guarantee amount of RMB 75 million for this purpose [4][19]. - The hedging activities will be limited to futures contracts traded on domestic exchanges related to the company's operations, such as steel and aluminum [20][19]. Board Decisions - The resolutions regarding financing and hedging were unanimously approved by the board, with all nine directors voting in favor [3][5]. - The board believes that the proposed guarantees and hedging activities will not adversely affect the company's financial performance and are in the best interest of shareholders [10][26].