Group 1 - The core viewpoint of the article highlights that Jin Yi Culture (002721) has been responding to the rising gold prices by implementing a strategy of closing positions without opening new ones after conducting necessary approval procedures for its gold hedging business [1] Group 2 - The company acknowledges that multiple factors have contributed to the continuous increase in gold prices throughout the year [1] - The company's decision to take timely actions in response to the gold price surge reflects its proactive approach to risk management [1]

Core Viewpoint - The company has adjusted its gold hedging strategy in response to rising gold prices, opting to close existing positions without opening new ones [1] Group 1: Company Response - The company confirmed that it has implemented a strategy to close existing gold hedging positions due to the continuous rise in gold prices this year [1] - The decision to adjust the gold hedging strategy was made after following the necessary approval procedures as per relevant regulations [1] Group 2: Market Context - Gold prices have been on a sustained upward trend since the beginning of the year, influenced by multiple factors [1]

Core Viewpoint - The company, Jin Yi Culture, reported that its losses as of Q3 2025 are primarily due to losses from the gold T+D deferred trading business [1] Group 1 - The company indicated that its gold hedging business has been conducted in accordance with relevant approval procedures [1] - Investors are advised to monitor the company's operational status through the designated information disclosure media, specifically the "Q3 2025 Report" [1]