Securities Code: 002295 Securities Abbreviation: Jingyi Shares Announcement No.: 2026-021
Guangdong Jingyi Metal Co., Ltd. Announcement on Carrying Out Electrolytic Copper Futures Hedging Business
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
The Ninth Board of Directors' Second Meeting of Guangdong Jingyi Metal Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Carrying Out Electrolytic Copper Futures Hedging Business" (hereinafter referred to as the "Hedging Business") on April 24, 2026. The details are as follows:
I. Purpose and Necessity of the Hedging Business
Electrolytic copper is the main raw material for the copper processing business of the Company and its subsidiaries (hereinafter collectively referred to as "Subsidiaries"), accounting for a high proportion of product costs. To hedge the operating risks brought by copper price fluctuations, the Company has established a settlement system of "copper price + processing fee," which has effectively hedged the risk of copper price fluctuations.
With the fluctuations in the macro-economic environment, electrolytic copper prices have also experienced significant volatility in recent years. In addition to locking in copper prices through "copper price + processing fee," the risks associated with normal inventory and productive circulating raw materials have also increased. To fully utilize the hedging function of the futures market, the Company intends to use its own funds to hedge the risks of normal inventory and productive circulating raw materials.