Core Viewpoint - Zhejiang Yongqiang plans to engage in futures trading to manage raw material price volatility and stabilize operating costs, with a maximum investment of 100 million RMB [3][4]. Trading Information Summary - As of January 23, 2026, Zhejiang Yongqiang's stock closed at 3.88 RMB, with a turnover rate of 1.86% and a trading volume of 355,800 shares, amounting to a total transaction value of 138 million RMB [1]. - On the same day, the net outflow of main funds was 10.107 million RMB, while retail investors saw a net inflow of 6.1 million RMB [1]. Company Announcements Summary - The company has completed the deregistration of its wholly-owned subsidiary, Creative Outdoor Solutions Corporation, as approved by the board on July 11, 2025 [1]. - The seventh board meeting on January 23, 2026, approved the use of up to 100 million RMB of its own funds for futures trading, pending shareholder approval [2]. - The company will hold its first temporary shareholders' meeting of 2026 on February 9, 2026, to discuss the futures trading proposal and other matters [2]. Futures Trading Feasibility Analysis - The proposed futures trading aims to hedge against raw material price fluctuations, with a maximum margin investment of 100 million RMB sourced from idle funds [3][4]. - The company has established management systems and risk control measures to ensure that futures trading does not impact normal operations [4]. Equity Transfer Announcement - Zhejiang Yongqiang agreed to transfer 25% of its stake in Shenzhen Aoqi Technology Co., Ltd. for 615,035.39 RMB to Aoji (Shenzhen) Cross-border Commerce Co., Ltd., while receiving an equivalent stake in Ningbo Lanyi Kuawei Network Technology Co., Ltd. in return [4].