Hunan Youneng New Energy Battery Materials Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
According to the relevant provisions of the "Shenzhen Stock Exchange GEM Listed Companies Self-Regulatory Guidelines No. 1 - Business Handling" and "Shenzhen Stock Exchange Listed Companies Self-Regulatory Guidelines No. 2 - Standard Operation of GEM Listed Companies," the Board of Directors of Hunan Youneng New Energy Battery Materials Co., Ltd. has reviewed the securities and derivatives investment situation for 2025, and the specific circumstances are as follows:
1. Review and Approval of Securities and Derivatives Investment
On March 13, 2025, the Company held the 11th meeting of the 2nd Board of Directors and the 11th meeting of the 2nd Supervisory Board, where it approved the proposal on "Conducting Commodity Futures Hedging Business for 2025." The Company and its subsidiaries are authorized to conduct commodity hedging business with a maximum margin and premium limit (including the value of collateral provided for trading, expected credit limits from financial institutions, and reserved margins for emergency measures) not exceeding RMB 1 billion, and the maximum contract value held on any trading day not exceeding RMB 1.5 billion. This limit can be used on a rolling basis within the approval period. The authorization is valid from the date of approval by the Company's 2024 Annual General Meeting until the 2025 Annual General Meeting. For specific details, please refer to the announcement titled "Conducting Commodity Futures Hedging Business for 2025" published on the Giant Tide Information Network on March 15, 2025.
2. Securities and Derivatives Investment Situation for 2025
In 2025, the Company engaged in commodity futures hedging business, with specific business details as follows: