Henan Yuguang proposes higher commodity futures guarantee limit
Henan Yuguang Gold & Lead Group Co., Ltd. is scheduled to hold its fifth extraordinary general meeting in 2025 on October 16, 2025, to vote on increasing its commodity futures trading guarantee limit. The proposal seeks to raise the guarantee limit from the current RMB600 million to RMB900 million for the year 2025. This adjustment aims to bolster the company's ability to manage risks associated with fluctuations in prices of raw materials, proprietary products, and exchange rates.
The company plans to increase its highest outstanding contract value from RMB700 million to RMB900 million for any single trading day. This move is driven by a significant increase in futures trading margin ratios and persistently high prices for its main products, which have increased operating risks. The trading activities will focus on hedging against price movements using the company's own funds.
The approved trading period for the increased limit will be from the date of approval at the extraordinary general meeting until December 31, 2025. Trading will involve gold, silver, lead, copper, zinc, aluminum, and tin futures and options on various exchanges, including the Shanghai Gold Exchange, Shanghai Futures Exchange, London Metal Exchange, and London Bullion Market Association.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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