Meeting Overview - The second meeting of the Supervisory Board of SANY Heavy Energy Co., Ltd. was held, with all three supervisors present, and the meeting was conducted in accordance with relevant laws and regulations [1] Financial Reporting - The Supervisory Board approved the 2025 semi-annual report, confirming that the report accurately reflects the company's financial status and operational results, and that the preparation process adhered to confidentiality regulations [1][2] - The voting result for this agenda was unanimous, with 3 votes in favor [2] Fund Management - The Supervisory Board approved the special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and that there were no violations in the use of raised funds [2][3] - This agenda also received unanimous approval with 3 votes in favor [2] Related Transactions - The Supervisory Board approved an increase in the estimated daily related transactions for 2025, stating that these transactions are normal market activities and do not adversely affect the company or its shareholders [3][4] - This agenda will be submitted for approval at the shareholders' meeting [3] Governance Changes - The Supervisory Board agreed to abolish the Supervisory Board and amend the company's articles of association, transferring the supervisory functions to the Audit Committee of the Board of Directors [4] - This agenda will also be submitted for approval at the shareholders' meeting [4] Risk Management - The Supervisory Board approved an increase in the futures hedging business quota for 2025, stating that the decision aligns with actual business needs and includes appropriate risk control measures [4] - This agenda did not require submission to the shareholders' meeting and received unanimous approval [4]

Core Viewpoint - The company, SANY Energy Co., Ltd., is increasing its futures hedging business limit to enhance its risk management capabilities against raw material price fluctuations [1][4]. Group 1: Transaction Overview - The company plans to raise the maximum balance of margin and premium from RMB 100 million to RMB 150 million and the maximum contract value held on any trading day from RMB 100 million to RMB 300 million [1][2]. - The purpose of this increase is to mitigate the adverse effects of significant raw material price volatility on the company's operations while ensuring normal production [1][2]. - The funding for this business will come from the company's own funds and will not involve raised capital [2]. Group 2: Approval Process - The company’s board and supervisory board approved the increase in futures hedging business limits during meetings held on August 28, 2025 [1][2]. - This matter does not involve related party transactions and does not exceed the board's authority, thus it does not require submission to the shareholders' meeting [1][2]. Group 3: Risk Analysis and Control Measures - The primary risk associated with the futures hedging business is the potential for incorrect price predictions, which could lead to losses [3][4]. - The company has established clear approval and execution procedures for the hedging business, which comply with regulatory requirements and aim to minimize market liquidity risks [4]. Group 4: Impact on the Company - The futures hedging business is expected to stabilize the company's operations by mitigating the negative impacts of raw material price fluctuations, thus supporting sustainable production [4]. - The company will adhere to relevant accounting standards for financial instruments and hedging accounting in its financial reporting [4]. Group 5: Sponsor's Review Opinion - The sponsor, CITIC Securities, believes that the increase in the hedging business limit will effectively reduce risks associated with raw material price volatility and will not harm the interests of the company or its shareholders [5].

Core Viewpoint - The document outlines the internal management system for futures hedging business at Tai Rui Machinery Co., Ltd, aimed at strengthening internal controls and mitigating risks associated with price fluctuations of raw materials. Group 1: General Principles - The hedging business is defined as transactions aimed at locking in procurement costs and sales prices related to raw materials necessary for production [1] - The company is limited to hedging raw materials directly related to its operations and must not exceed annual operational demand in hedging scale [1][2] - The company must use its own funds for hedging and cannot use raised funds for this purpose [1][2] Group 2: Organization and Responsibilities - A leadership group is established to oversee the hedging business, consisting of designated personnel from management, finance, procurement, internal audit, and the board office, with the chairman as the leader [2] - The leadership group is responsible for comprehensive management, approval of hedging strategies, and emergency handling of risks [2][3] Group 3: Approval Authority and Authorization System - The leadership group drafts the annual hedging plan based on the company's operational plan and risk exposure, requiring board or shareholder approval for certain investment limits [3][4] - Authorization management is implemented, with the chairman issuing authorization letters detailing the scope and limits of hedging operations [4] Group 4: Internal Business Processes - The strategy group analyzes market conditions and prepares specific hedging plans for approval by the leadership group [5][6] - The finance department is responsible for fund allocation and accounting for hedging transactions [6][7] Group 5: Risk Management - The company must focus on key risk areas such as broker selection and market risks, establishing a comprehensive risk management system [8][9] - A risk reporting mechanism is in place to address significant losses or market fluctuations, with immediate reporting to the leadership group [9][10] Group 6: Emergency Response and Violations - The company has procedures for emergency responses to significant market changes or natural disasters that may impact hedging activities [10][11] - Violations of the hedging management system will result in disciplinary actions against responsible personnel [11]

Core Viewpoint - The training session aimed to enhance the understanding and capability of state-owned enterprises in Daqing to utilize futures tools for risk management, supporting the region's economic high-quality development [1][2]. Group 1: Importance of Futures Market - The futures market plays an irreplaceable role in serving the real economy, stabilizing business operations, and optimizing resource allocation [2]. - Enhancing risk management capabilities and the use of modern financial tools in state-owned enterprises is crucial for China's economic high-quality development [2]. - Daqing, as a significant grain production and equipment manufacturing base, has made notable progress in industrial structure transformation and state-owned enterprise reform [2]. Group 2: Training and Expert Insights - The training featured industry experts discussing the foundational knowledge and practical applications of the futures market [3]. - Various futures tools are increasingly integrated into the corn and soybean supply chains, providing robust mechanisms for price risk management and enhancing agricultural production [3]. - The importance of risk prevention in futures operations was emphasized, with a focus on locking in profits and effectively transferring potential risks [3][4]. Group 3: Regulatory and Compliance Aspects - The training included discussions on the regulatory framework surrounding hedging practices, emphasizing the need for state-owned enterprises to adhere to compliance and risk management principles [4]. - Establishing effective risk management systems and ensuring compliance in hedging operations are critical for the success of state-owned enterprises [4]. Group 4: Future Collaboration and Development - Participants expressed that the training deepened their understanding of the futures market and provided practical risk management techniques, which are vital for sustainable business operations [5]. - The Dalian Commodity Exchange aims to stimulate the participation of Daqing's state-owned enterprises in the futures market, enhancing their risk management capabilities and market competitiveness [5]. - The training is seen as a stepping stone for further collaboration between the Dalian Commodity Exchange, Daqing government, state-owned enterprises, and financial institutions to explore new paths for integrated risk management and economic development [5].

近日，三一重能股份有限公司发布关于增加期货套期保值业务额度的公告。2025年8月28日，公司召开 第二届董事会第二十次会议、第二届监事会第十七次会议，审议通过了《关于公司增加期货套期保值业 务额度的议案》。 公司及控股子公司开展期货套期保值业务，占用的保证金、权利金任意时点最高余额由不超过人民币1 亿元增加至不超过1.5亿元，任一交易日持有的最高合约价值由不超过人民币1亿元增加至不超过3亿 元。资金来源为自有资金，且在上述额度范围内，资金可循环使用，该事项无需提交股东大会审议。 公司开展期货套期保值业务的交易品种为与公司生产相关的大宗商品原料，包括但不限于锡、镍、铜 等，主要目的是规避原材料价格大幅波动对公司带来的不利影响，不以投机为目的。 早在2025年4月28日，公司就已开展期货套期保值业务，当时占用的保证金、权利金任意时点最高余额 不超过人民币1亿元，任一交易日持有的最高合约价值不超过人民币1亿元，有效期为自公司第二届董事 会第十七次会议审议通过之日起12个月。此次增加额度是根据公司日常经营情况，为有效规避原材料价 格大幅波动对公司带来的不利影响、控制市场风险，提升公司整体抵御风险能力，增强财务稳健性。 ...

Core Viewpoint - Yibin Tianyuan Group Co., Ltd. has announced an increase in the risk margin limit for its commodity futures hedging business from RMB 100 million to RMB 150 million, effective until December 31, 2025, to better manage risks associated with market fluctuations in raw material procurement and product sales [1][2]. Group 1: Business Expansion and Risk Management - The increase in the margin limit is driven by the need to cover the expanded risk exposure due to the growth of the company's business operations [2]. - Enhancing the hedging limit will allow the company to more effectively utilize futures instruments to mitigate the impact of price volatility on operational performance, aligning with the overall risk management strategy [2]. - The company has established a comprehensive internal control system for futures hedging, with dedicated risk control positions and strict authorization processes to ensure that the increased limit remains manageable [2][3]. Group 2: Risk Control Measures - The company will strictly adhere to the hedging principles, limiting operations to domestic futures exchanges and ensuring that futures positions match the actual risk exposure, prohibiting speculative trading [3]. - There will be enhanced internal approval and monitoring of fund usage to ensure that the total risk margin does not exceed the new limit of RMB 150 million [3]. - The risk control department will conduct daily monitoring, risk assessments, and stress tests to promptly identify and address any anomalies in the hedging operations [3].

Core Viewpoint - Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. plans to conduct aluminum futures hedging business to mitigate the impact of raw material price fluctuations on its operations, with a maximum margin of RMB 50 million allocated for this purpose [1][2]. Hedging Business Overview - The company specializes in the research, production, and sales of automotive thermal management system components and lightweight system materials, with aluminum ingots as its primary raw material [2]. - The pricing principle for product sales is based on "aluminum ingot price + processing fee," referencing the monthly average high and low prices of A00 aluminum ingots from Shanghai and Yangtze River non-ferrous metal exchanges [2]. - Due to significant price volatility in the aluminum market, the company aims to lock in product sales prices and costs through the use of its own funds for aluminum futures hedging [2]. - The hedging transactions will be limited to aluminum futures contracts traded on domestic and foreign exchanges, with the business period set for one year from the board's approval date [2]. Implementation and Approval Process - The board of directors approved the hedging business on August 16, 2024, with a maximum margin of RMB 50 million [3]. - As of June 30, 2025, the investment amount for the hedging business was zero, and the matter was subsequently approved in the board meeting on August 22, 2025, without needing shareholder approval [3]. Risk Analysis and Control Measures - The company acknowledges risks associated with price fluctuations, funding, internal controls, technology, operations, and customer defaults [4]. - The maximum amount for this business represents approximately 0.62% of total assets and 0.90% of net assets as of June 30, 2025 [4]. - To mitigate risks, the company has implemented measures such as aligning hedging activities with production needs, prohibiting speculative trading, and strictly controlling the scale of funds used [4]. Business Impact and Disclosure - The hedging business will be accounted for according to relevant accounting standards, impacting the balance sheet and income statement [5]. - The business aims to lock in raw material price risks and hedge against price fluctuations [5]. - The company will disclose any significant losses related to the hedging business that exceed 10% of the audited net profit attributable to shareholders from the previous year, with a threshold of RMB 10 million [5].

Core Viewpoint - The company has proposed several amendments to its governance structure and operational strategies, including the cancellation of the supervisory board and adjustments to its futures hedging business to mitigate risks associated with price fluctuations in lithium carbonate and raw materials [7][10][16]. Group 1: Amendments to Governance Structure - The company plans to cancel the supervisory board, transferring its responsibilities to the audit committee of the board of directors, which requires approval from the shareholders' meeting [7][8]. - The company has revised its articles of association to enhance governance and management practices, including the removal of the supervisory board section [10][11]. - The revised articles and management rules will be submitted for approval at the upcoming shareholders' meeting [3][11]. Group 2: Financial Reporting and Shareholder Meeting - The company approved its 2025 semi-annual report and summary during the board meeting, with all directors voting in favor [5][6]. - A second extraordinary shareholders' meeting is scheduled for September 10, 2025, to discuss the proposed governance changes and other matters [19][41]. Group 3: Futures Hedging Business Adjustments - The company intends to increase the margin for its futures hedging business to enhance its risk management capabilities, with a total margin not exceeding RMB 200 million and a maximum contract value of RMB 1 billion on any trading day [16][31]. - The adjustments aim to stabilize the company's operations against price volatility in lithium carbonate and its raw materials [31][32]. - The proposed changes to the futures hedging strategy will also be presented at the shareholders' meeting for approval [34][39].

第五届董事会第三十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 锦州永杉锂业股份有限公司（以下简称"公司"）第五届董事会第三十六次 会议于 2025 年 8 月 25 日在公司会议室以现场表决结合通讯表决方式召开。本次 董事会会议通知已于 2025 年 8 月 20 日分别以专人送达、电子邮件或传真等方式 发出，会议应出席董事 7 人，实际出席 7 人，会议由董事长杨希龙先生主持。会 议召集及召开程序符合《中华人民共和国公司法》 （以下简称" 证 券 代 码：603399 证 券简 称：永杉锂业 公告 编 号： 2025-048 锦州永杉锂业股份有限公司 《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）等法律法规和《锦州永杉锂业 股份有限公司章程》的有关规定。会议审议并通过了以下决议： 一、审议通过《关于 2025 年半年度报告及半年报摘要的议案》 根据《公司法》《证券法》等法律法规及《公司章程》的规定，结合公司实 际经营状况，公司编制了《2025 年半年度报告》及《2025 年半 ...

Group 1 - The company held the 31st meeting of the 5th Supervisory Board on August 25, 2025, with all three participating supervisors voting in favor of the agenda items [1][2] - The company approved the 2025 semi-annual report and its summary, with all three supervisors voting in favor [1][2] - The company proposed to abolish the Supervisory Board, transferring its responsibilities to the Audit Committee of the Board of Directors, pending approval from the shareholders' meeting [1][2] Group 2 - The company plans to increase the margin for futures hedging business to mitigate risks from price fluctuations of lithium carbonate and raw materials, with a total margin not exceeding RMB 200 million [2] - The maximum contract value held on any trading day will not exceed RMB 1 billion, and this amount can be rolled over within the effective period [2] - The proposed adjustments to the futures hedging business also require approval from the shareholders' meeting [2]