Guangdong Haida Group Co., Ltd. Analysis of the Feasibility of Developing Futures and Derivatives Trading
I. Background and Necessity of Developing Futures and Derivatives Trading
To meet the company's strategic investment needs, the company continues to focus on its core business, strengthen industry cooperation and investment in the upstream and downstream industrial chains, and fully leverage the synergistic effect of financial instruments with the company's core business industrial chain. Without affecting the company's normal operations and under effective risk control, the company plans to use idle self-owned funds to develop futures and derivatives trading, further improve fund utilization efficiency, enhance the company's asset return rate, achieve company capital appreciation, and create greater returns for the company and shareholders.
II. Overview of Futures and Derivatives Trading Development
(I) Trading Varieties Includes futures, options, forwards, swaps (exchanges), and other products or financial instruments with mixed product characteristics.
(II) Trading Amount The balance of funds used for futures and derivatives trading at any point in time shall not exceed RMB 500 million. Within this limit, funds can be freely allocated among various investment products and can be used by the company and its holding subsidiaries for circular rolling use.
(III) Trading Period From January 1, 2026, to the date of the 2026 annual general meeting of shareholders.
(IV) Funding Source The funds will come from the company's idle self-owned funds. The use of these funds will not create financial pressure for the company, nor will it affect the company's normal operations, investments, or other activities; it does not involve raised funds.