Foran Energy to issue debt, expand hedging after governance overhaul.

Foran Energy Group's board of directors has approved issuing up to 5 billion yuan in debt financing instruments, including commercial paper and medium-term notes. This decision, pending shareholder approval, aims to diversify funding, optimize capital structure, and support debt repayment, working capital, project development, and equity investments.

The company also plans extensive hedging operations for 2026. This includes up to 1,201,272 million yuan in commodity hedging to mitigate price volatility in natural gas, oil, chemicals, and non-ferrous metals, with a maximum allocation of 417,000 million yuan for margin and premiums. Additionally, the company will engage in foreign exchange hedging up to $74,500 million to manage currency risks from international business and foreign currency loans, with a maximum credit exposure of 26,448 million yuan.

The board also approved the buyback and cancellation of 218,387 restricted shares from incentive plan participants and various amendments to internal governance documents. These measures are designed to enhance risk management and align with strategic objectives.