Securities Code: 300945
Securities Abbreviation: Mankalon
Announcement Number: 2026-018
Important Content Reminder:
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Purpose of Transaction, Trading Variety, Trading Tools, Trading Venue, and Trading Amount:
To mitigate operational risks arising from significant fluctuations in the spot market prices of the company's inventory gold and in-transit gold, and to enhance the company's ability to withstand market volatility and stabilize price fluctuations. Mankalon Jewelry Co., Ltd. (hereinafter referred to as "the Company") (including its controlling subsidiaries) plans to use futures, options, and other derivative instruments related to the Shanghai Futures Exchange, gold deferred delivery business from the Shanghai Gold Exchange, and other hedging tools that can achieve the same hedging purpose. The maximum margin to be used is no more than RMB 100 million, with the highest contract value held on any trading day not exceeding RMB 600 million, for a period of 12 months from the date of approval by the company's shareholders' meeting. The funding source will be from self-owned and self-raised funds. -
This transaction has been approved by the Company's ninth meeting of the sixth board of directors held on March 31, 2026, and is subject to shareholder approval.
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The gold inventory hedging business is primarily aimed at mitigating risks from price fluctuations of inventory gold and in-transit gold during operational activities, and is not intended for arbitrage or speculation. There may be market risks, funding risks, technical risks, credit risks, etc. Investors are advised to pay attention to investment risks.
I. Overview of Investment Situation
- Investment Purpose
The Company aims to utilize the hedging mechanism to the fullest extent under the premise of ensuring normal operations, thereby maximizing the mitigation of risks from significant fluctuations in the spot market prices of inventory gold and in-transit gold, controlling operational risks, and enhancing the company's ability to withstand market volatility and stabilize price fluctuations, achieving the goal of stable operations. The hedging tools used will not affect the development of the Company's and subsidiaries' main businesses, and the funding arrangements are reasonable.