TBEA plans 2026 related party deals, hedging, and wealth management

TBEA Co., Ltd. has announced its 2026 annual related party transactions with Xinjiang TBEA Group Co., Ltd., projecting procurement of products and services up to CNY 35 bn, and sales of products and services up to CNY 2.5 bn. These transactions are designed to meet the company's operational and project development needs, maintaining market-based pricing to ensure fairness. The transactions were approved by independent directors and the board, but still require shareholder approval.

In addition to related party transactions, TBEA plans to engage in commodity hedging and forward foreign exchange transactions for 2026, aiming to mitigate price and exchange rate volatility. The company forecasts a maximum daily contract value of $5 bn for foreign exchange and CNY 798 bn for commodities, utilizing its own funds. TBEA also intends to use its idle funds for wealth management, with a daily balance not exceeding CNY 20 bn for bank and brokerage products, and CNY 10 bn for other products like treasury bond repurchases.

The company's board of directors approved these proposals on December 12, 2025, and has called for an extraordinary general meeting on December 29, 2025, to seek shareholder approval for the related party transactions, hedging and forward foreign exchange activities, and various amendments to the company's articles of association and internal governance rules.