Lomon Billions Group updates governance, seeks funding, expands hedging

Lomon Billions Group announced board approval for 18 revised or new corporate governance policies, effective immediately. These include updates to insider information management, external information reporting, annual report error accountability, periodic report preparation, foreign investment management, and a new financial assistance provision to external parties. The company also updated policies on external donations, foreign exchange hedging, investor relations, risk management, anti-money laundering, payment authorization, financial reporting internal controls, and seal management.

To secure future operational funding, Lomon Billions Group plans to apply for a comprehensive credit line of 951.00 bn yuan from various banks for 2026. Separately, the company received a registration notice from the National Association of Financial Market Institutional Investors for up to 40 bn yuan in technology innovation bonds, valid for two years. The board also approved initiating foreign exchange hedging activities, with a cumulative notional amount not exceeding $2 bn and an outstanding amount not exceeding $1 bn.

Furthermore, the board approved providing guarantees totalling 262.38 bn yuan for its subsidiaries' financing, highlighting the company's commitment to supporting its group entities. These measures, including the credit applications, hedging, and subsidiary guarantees, are subject to shareholder approval at the upcoming third extraordinary general meeting on December 19, 2025.