Securities Code: 002879 Securities Abbreviation: Changlan Technology Announcement No.: 2026-018
Changlan Technology Group Co., Ltd. Announcement on Subsidiary's Commodity Futures Hedging Business
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Content Reminder:
- Purpose of Transaction: Changlan Technology Group Co., Ltd. (hereinafter referred to as the "Company")'s holding subsidiary, Jiangsu Shuangjiang Energy Technology Co., Ltd. (hereinafter referred to as "Shuangjiang Energy" or "Holding Subsidiary"), will engage in commodity futures hedging business. The aim is to reduce the impact of raw material market price fluctuations on production and operation costs, fully utilize the hedging function of the futures market, effectively control the risk of raw material price fluctuations, and help enhance the Company's overall risk resistance capability and financial stability.
- Transaction Amount: The margin amount for the hedging business to be undertaken by the Company's holding subsidiary shall not exceed RMB 1,000,000 (excluding the payment for physical delivery of futures contracts). This amount can be used on a revolving basis within its validity period.
- Traded Varieties and Venue: The futures varieties for hedging by the Company's holding subsidiary are limited to raw material varieties related to the Company's production and operation. The trading venue shall be a financial institution approved by the regulatory authorities and possessing corresponding business qualifications.
- Deliberation Procedures: This matter has been reviewed and approved by the seventeenth meeting of the fifth Board of Directors of the Company.
- Risk Warning: The commodity futures hedging business conducted by the Company's holding subsidiary is not for speculation or arbitrage purposes. It is based on normal production and operation, primarily to effectively hedge against the impact of drastic fluctuations in raw material prices on operations. However, engaging in commodity futures hedging transactions still carries certain risks. Investors are kindly requested to pay attention to investment risks.
Changlan Technology Group Co., Ltd. held the seventeenth meeting of its fifth Board of Directors on March 16, 2026, which reviewed and approved the "Proposal on the Subsidiary's Commodity Futures Hedging Business." The Board of Directors agreed that the Company's holding subsidiary will use its own funds to conduct commodity futures hedging transactions. The holding subsidiary will engage in commodity futures hedging business.
The margin amount for the hedging business shall not exceed RMB 1,000,000 (excluding the payment for physical delivery of futures contracts). This amount is valid for 12 months from the date of the Board of Directors' approval. The Company's management is authorized to exercise relevant decision-making powers and sign necessary legal documents. In accordance with the "Company Articles of Association," the amount of commodity futures hedging business to be undertaken this time falls within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for approval. The relevant matters are hereby announced as follows: