Summary by Moomoo AI
JIANGXI GANFENG LITHIUM GROUP CO., LTD. (“GANFENG LITHIUM INDUSTRY”) ANNOUNCED ON FEBRUARY 5, 2024 THAT IN ORDER TO REDUCE THE OPERATING RISKS ASSOCIATED WITH MARKET PRICE FLUCTUATIONS OF THE COMPANY'S LITHIUM SALT PRODUCTS, THE COMPANY AND ITS HOLDING SUBSIDIARIES PLAN TO UTILIZE THE CAPITALIZATION CAPABILITY OF FINANCIAL INSTRUMENTS TO LAUNCH COMMODITY FUTURES OPTION INSURANCE BUSINESS. THE BUSINESS IS LIMITED TO LITHIUM SALT FUTURES AND VARIETIES DIRECTLY RELATED TO THE PRODUCTION AND OPERATIONS OF THE COMPANY, AND THE MAXIMUM TRADING MARGIN AND ROYALTIES SHALL NOT EXCEED RMB20 BILLION, AND THE MAXIMUM CONTRACT VALUE HELD ON ANY TRADING DAY SHALL NOT EXCEED RMB30 BILLION. In addition, the company is expected to conduct daily affiliate transactions with related parties in 2024, with an expected total transaction amount...Show More