Securities Code: 000651 Securities Abbreviation: Gree Electric Appliances Announcement No.: 2026-011 Zhuhai Gree Electric Appliances Co., Ltd. Announcement on Carrying Out Commodity Futures Hedging Business in 2026 The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions. Key Content Highlights:
- Purpose of Transaction: The Company's commodity futures hedging business is primarily aimed at hedging against the adverse effects of commodity price fluctuations on the Company, effectively managing production costs, controlling operational risks, ensuring operating profits, and improving operational management levels. It does not involve any speculative operations.
- Investment Type: The Company's hedging investment types mainly involve commodity materials such as copper and aluminum related to the Company's production and operation.
- Investment Amount: The total open position contract value at any point during the authorization period shall not exceed RMB 6 billion, and the liquidity support shall not exceed RMB 1.2 billion.
- Special Risk Warning: Hedging business inherently carries risks of price fluctuations, operational risks, and liquidity risks. The Company will actively implement control systems and risk prevention measures, prudently carry out hedging operations, and reminds investors to pay close attention to investment risks. Zhuhai Gree Electric Appliances Co., Ltd. (hereinafter referred to as the "Company") held the Fifth Meeting of the Thirteenth Board of Directors and the Third Meeting of the Audit Committee of the Thirteenth Board of Directors on April 28, 2026. The meeting deliberated and approved the "Proposal on Carrying Out Commodity Futures Hedging Business in 2026." It was agreed that the Company would continue to carry out commodity futures hedging business in 2026 according to its capital management model and daily business needs. The open position contract value for the hedging business shall not exceed RMB 6 billion, and the liquidity support shall not exceed RMB 1.2 billion. The Board of Directors proposes that the shareholders' meeting authorize the Board of Directors, and agrees that the Board of Directors will authorize the Company's management to exercise relevant decision-making powers and sign relevant contract documents within the authorized limit. The validity period of the quota is 12 months from the date of approval by the Company's shareholders' meeting. This matter still needs to be submitted to the shareholders' meeting for deliberation. The current commodity futures hedging business does not constitute a related party transaction. The specific situation is as follows: I. Overview of Business Operations
- Investment Purpose: Due to the Company's l