002838SZSE

Announcement on Conducting Commodity Futures Hedging Business

Shandong Dawn Polymer Co., Ltd.··4 pages

✨ AI Summary

Shandong Ensen High-Tech Materials Co., Ltd. will conduct commodity futures hedging, focusing on polypropylene (PP). The purpose is to mitigate risks from raw material price fluctuations. The company plans to use its own funds, with trading guarantees limited to RMB 50 million, circulating within the approved limit. The hedging period will not exceed twelve months. While aiming to reduce price volatility, the company acknowledges risks including price fluctuations, financing, internal control, technical, and policy issues.

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Full Translation

AI Translation· azure_openai

Important Content Notice:

  1. Investment Type: The company will develop hedging services for commodity futures, primarily focusing on polypropylene (referred to as "PP") and other products.

  2. Investment Amount: Based on actual business needs, the company plans to use trading guarantees and the amount is limited to no more than RMB 50 million (this amount can circulate within the approved limit).

  3. Special Risk Notice: The company's development of PP futures hedging services is to avoid risks arising from price fluctuations of raw materials, but there may also be risks related to trading, financing, and technical aspects.

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