TBEA updates articles, approves hedging and related party transactions for 2026

TBEA Co., Ltd. announced a series of significant corporate actions approved at its Twelfth Interim Board Meeting on December 12, 2025. The company revised its Articles of Association, Shareholder Meeting Rules, and Board Meeting Rules, aligning them with the latest PRC Company Law and CSRC guidelines. Key amendments include re-establishing the role of a legal representative as the chairman, redefining shareholder rights, and adjusting capital increase methods to include public and private offerings.

In addition to governance updates, TBEA approved a comprehensive hedging and forward foreign exchange trading program for 2026. This initiative aims to mitigate price and exchange rate fluctuations for raw materials and products, with a maximum daily contract value of 79.8 bn yuan for hedging and $5 bn for foreign exchange. The company also approved significant related party transactions with Xinjiang TBEA Group Co., Ltd. for 2026, including product purchases and engineering services, totaling 3.5 bn yuan and 1.5 bn yuan, respectively. These transactions are designed to support normal operations and project development, with pricing based on market rates.

Furthermore, TBEA authorized the use of temporary idle funds for entrusted wealth management, capping daily balances at 2 bn yuan for bank/brokerage products and 1 bn yuan for other low-risk products. These financial strategies, along with the updated governance framework, are subject to shareholder approval, demonstrating the company’s commitment to stable operations and risk management.