Core Viewpoint - The company, Anhui Xinbo Aluminum Industry Co., Ltd., has approved the continuation of its commodity hedging business to mitigate the impact of raw material price fluctuations on its operations [1][5]. Group 1: Commodity Hedging Business Overview - The company and its subsidiaries primarily produce products in the fields of new energy photovoltaics, automotive lightweighting, and other aluminum profiles, with aluminum rods being the main raw material [1][3]. - The company has adopted a production model based on customer orders and follows a pricing principle of "aluminum ingot price + processing fee," with market prices determined by the Shanghai Nonferrous Metals Network [1][3]. - The company aims to lock in product sales prices and costs through hedging, effectively reducing the impact of raw material price volatility on its normal operations [1][3]. Group 2: Hedging Business Details - The hedging transactions will be limited to aluminum rods, with a maximum margin and premium balance of RMB 80 million (including RMB 80 million) during the business period [1][3]. - The authorized period for the hedging business is up to 12 months from the board's approval, with the possibility of automatic extension for ongoing transactions [2][3]. - The company does not consider this hedging activity as a major asset restructuring or related party transaction [2][3]. Group 3: Risk Analysis and Control Measures - The company acknowledges risks associated with hedging, including price fluctuations, funding, internal control, technical, operational, and customer default risks [4][5]. - To mitigate these risks, the company restricts its hedging activities to aluminum futures and related derivatives, prohibiting speculative trading [4][5]. - The company will ensure that funds used for hedging do not come from raised capital and will manage the margin and premium balance within the specified limit [4][5]. Group 4: Impact of Hedging Business - The board believes that continuing the hedging business will help prevent market risks arising from raw material price changes and reduce product cost fluctuations [5][6]. - The supervisory board agrees that the hedging business effectively lowers the impact of raw material price volatility on the company's operations and does not harm the interests of the company or minority shareholders [5][6]. - Independent directors support the continuation of the hedging business, stating it is beneficial for controlling operational risks and does not harm the interests of the company and all shareholders [5][6].

重要内容提示： 交易目的：中信金属股份有限公司（以下简称"公司"）为有效降低价格风险， 减少金属矿产类大宗商品价格对公司主营业务产品及相关贸易产品的影响， 增强经营结果的稳健性，公司及控股子公司拟继续开展2025年度商品套期保 值业务。 交易品种：有色金属、铁矿石、钢材、铁合金等与公司主营业务密切相关的 交易品种。 交易工具：包括商品期货合约、商品期权合约、商品掉期合约等。 交易场所：主要为新加坡证券交易所、伦敦金属交易所、纽约商品交易所、 上海期货交易所、上海国际能源交易中心、大连商品交易所等国内外主流交 易场所。 交易金额：商品套期保值业务任意时点持仓保证金金额最高不超过50亿元， 任一交易日持有的最高合约价值不超过上一年度经审计营业收入的25%。 已履行及拟履行的审议程序：该事项已经公司第三届董事会第五次会议、第 三届监事会第四次会议和第三届董事会审计委员会第五次会议审议通过，尚 需提交公司股东大会审议。 特别风险提示：公司进行套期保值业务的主要目的是对冲汇率波动所带来的 经营风险，但同时也存在一定的风险，包括市场风险、资金风险、政策法律 风险、操作风险等，公司将积极落实风险控制措施，审慎操作，防范相关 ...