Securities Code: 002326 Securities Abbreviation: Yongtai Technology Announcement No.: 2026-029 Zhejiang Yongtai Technology Co., Ltd. Announcement on Carrying Out Commodity Futures Hedging Business The Company and 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 Information Prompt:
- Transaction Purpose, Transaction Varieties, Transaction Tools, Transaction Venue, and Transaction Amount: To reduce the operational risks brought about by product price fluctuations and ensure the stability of the company's production and operation, the Company and its subsidiaries included in the consolidated financial statements will utilize the hedging function of futures tools to carry out commodity futures hedging business based on production and operation plans. The futures varieties for the planned commodity futures hedging business are limited to those listed and traded on domestic commodity futures exchanges and are directly related to the company's production and operation, specifically lithium carbonate futures. The planned margin amount will not exceed RMB 100 million (excluding the payment for physical delivery of the futures underlying asset); the highest contract value held on any trading day will not exceed 50% of the latest audited net assets. This quota can be used repeatedly within its validity period.
- Deliberation Procedures Completed: This matter has been reviewed and approved by the Seventh Board of Directors' Seventh Meeting and is subject to submission to the 2025 Annual Shareholders' Meeting for consideration.
- Risk Warning: Commodity futures hedging business inherently involves market risk, policy risk, liquidity risk, internal control risk, and technical risk. The Company will actively implement control systems and risk prevention measures, and prudently carry out hedging operations. Investors are kindly requested to pay attention to investment risks. Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") held the Seventh Meeting of the Seventh Board of Directors on April 27, 2026, and reviewed and approved the "Proposal on Carrying Out Commodity Futures Hedging Business." The Company and its subsidiaries included in the consolidated financial statements (hereinafter referred to as "Subsidiaries") are approved to carry out commodity futures hedging business. The details are as follows: I. Overview of Commodity Futures Hedging Business
- Transaction Purpose To reduce the operational risks brought about by price fluctuations of lithium carbonate, the main raw material for the company's lithium battery materials, and to ensure the stability of production and operation, the Company and its subsidiaries plan to utilize futures tools for hedging and value preservation based on production and operation plans. The Company and its subsidiaries will conduct commodity futures hedging business based on spot demand, not for specul