Guangxi Huaxi Nonferrous expands futures hedging program

Guangxi Huaxi Nonferrous Metals Co., Ltd. has approved an increase in its futures hedging business, aimed at mitigating risks from price fluctuations in nonferrous metals, specifically tin, which is central to its raw material procurement and product sales. The company will utilize the Shanghai Futures Exchange for these operations.

The expanded program allows Huaxi Nonferrous to hold a maximum margin amount of RMB 32.4m at any given time, with the highest contract value not exceeding RMB 135m on any trading day. These amounts can be cyclically used within the hedging period. The funds for these activities will come from the company’s own capital, without involving raised capital.

The decision was approved by the Ninth Board of Directors at its Twenty-Third Session (Provisional) and the Ninth Board of Directors Audit Committee at its Eighteenth Session on December 11, 2025. This matter falls within the board's approval authority, requiring no shareholder meeting. The company emphasized that its hedging activities are not for speculative purposes but to reduce the impact of significant price swings on its operating performance.