Summary of Key Points Core Viewpoint - Anhui Construction Group is actively engaging in financial strategies to enhance its operational efficiency and liquidity through futures hedging and bond issuance. Group 1: Trading Information - On July 18, 2025, Anhui Construction's stock closed at 4.8 yuan, with a slight increase of 0.21% and a turnover rate of 0.77% [1] - The trading volume was 132,800 shares, with a total transaction value of 63.6564 million yuan [1] - The net outflow of main funds was 10.5222 million yuan, accounting for 16.53% of the total transaction value [3] Group 2: Company Announcements - The ninth meeting of the ninth board of directors approved a proposal for Anhui Construction's subsidiary to engage in steel futures hedging, with a maximum trading margin of 15 million yuan and a maximum contract value of 150 million yuan [1][3] - The board also approved the establishment of a management method for futures hedging business, with unanimous support from all attending directors [1] - Anhui Construction's subsidiary, Anhui Construction Road and Bridge Group, has received approval to issue up to 1 billion yuan in short-term financing bonds and 2 billion yuan in medium-term notes [2][3]

Group 1 - The board of directors of Anhui Construction Group Co., Ltd. held its ninth meeting on July 18, 2025, with all seven directors present, complying with the Company Law and Articles of Association [1] - The board approved the proposal to conduct steel futures hedging business, allowing a maximum trading margin of RMB 15 million and a maximum contract value of RMB 150 million on any trading day, valid for 12 months from the approval date [1] - The proposal for the establishment of a "Futures Hedging Business Management Method" was also approved unanimously by the board [2]