Summary by Moomoo AI
JIANGXI GANFENG LITHIUM GROUP CO., LTD. (GANFENG LITHIUM INDUSTRY) ISSUED A NOTICE ON 5 FEBRUARY 2024 DETAILING THE SPECIFICS OF THE FUTURES AND DERIVATIVES TRADING MANAGEMENT SYSTEM OF THE COMPANY AND ITS HOLDING SUBSIDIARIES. The system is designed to regulate the trading behavior of companies in futures and derivatives, prevent investment risks and strengthen risk controls. The announcement states that the Company's futures and derivatives transactions should follow legal, prudent, safe, and effective principles and establish sound internal controls. The company will trade with its own funds and reasonably equip professionals to control investment risks. In addition, the company will conduct strict audits and disclosures of information on futures and derivatives transactions, and set the relevant audit authority. Gaping Litium stressed that it will strictly implement risk control measures, including regular and irregular audits of trading activities and monitoring of trading conditions. The management system shall take effect from the date of approval of the Board's review.