Important Content Reminder of Futures and Derivatives Trading Announcement
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Purpose of Trading: Qinghai Salt Lake Industry Co., Ltd. (hereinafter referred to as "the Company") intends to effectively hedge against the price volatility risks of its main product, lithium carbonate, stabilize operational expectations, and alleviate inventory impairment and profit pressure during price downturns. The Company plans to conduct futures hedging business centered around its core operations. Minmetals Salt Lake Co., Ltd. (hereinafter referred to as "Minmetals Salt Lake"), an important part of the Company's lithium carbonate business segment, has had its 51% equity acquisition completed and consolidated into the Company's derivative business management system in the first quarter of 2026.
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Trading Variety: The Company strictly controls the types and scale of hedging business, limiting the trading varieties to futures trading of its core product, lithium carbonate.
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Trading Amount: Based on the Company's operational needs, the maximum trading margin and premium for the lithium carbonate futures hedging business (including collateral value, expected credit limits from financial institutions, and reserved margin for emergency measures) will not exceed RMB 496.8 million. The maximum contract value held on any trading day will not exceed RMB 2.368 billion (including amounts related to the reinvestment of trading profits). This limit can be used cyclically within its validity period.
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Trading Venue: The trading venue for the lithium carbonate futures hedging business will be limited to legally operating futures exchanges within the country.
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Review Procedures Completed: This matter was approved at the 18th (temporary) meeting of the 9th Board of Directors held on April 28, 2026, and does not require submission to the shareholders' meeting for approval.
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Special Risk Reminder: The Company’s futures hedging business is strictly based on operational needs, not for speculation or arbitrage, and is intended to lock in core product sales prices and smooth operational performance fluctuations. The Company and all members of the Board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions. However, there are still certain risks associated with the futures hedging business, and investors are advised to be aware of investment risks.