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中信股份：海外監管公告–中信金屬股份有限公司關於調整2024年度商品套期保值業務額度的公告

CITIC: An announcement has just been published by the issuer in the Chinese section of this website, a corresponding version of which may or may not be published in this section

Hong Kong Stock Exchange · Apr 22 09:58

CITIC +0.66%

Summary by Moomoo AI

中信金屬股份有限公司於2024年4月22日宣布，鑑於公司有色金屬的現貨貿易業務穩步增長以及大宗商品市場波動較大，公司決定調高2024年度商品套期保值業務額度。新的額度規定任意時點持倉保證金金額最高不超過40億元，任一交易日持有的最高合約價值不超過上一年度經審計營業收入的25%。此次調整已經董事會、監事會及審計委員會審議通過，尚需提交股東大會審議。公司進行此調整的主要目的是為了對沖大宗商品價格波動所帶來的經營風險，並已制定相應的風險控制措施。交易將主要在新加坡證券交易所、倫敦金屬交易所、紐約商品交易所等國際主流交易場所進行。

CITIC METALS CO., LTD. ANNOUNCED ON 22 APRIL 2024 THAT THE COMPANY DECIDED TO INCREASE ITS PORTFOLIO GUARANTEE BUSINESS FOR 2024 IN LIGHT OF THE STEADY GROWTH OF THE COMPANY'S SPOT TRADING BUSINESS IN NON-FERROUS METALS AND HIGH VOLATILITY IN THE COMMODITY MARKET. The new quota stipulates that the amount of guarantees for positions at any time shall not exceed USD 40 billion, and the maximum value of contracts held on any trading day shall not exceed 25% of the audited operating income of the previous year. The amendment has been approved by the Board of Directors, the Board of Directors and the Audit Committee and is subject to submission to the General Meeting. The Company's primary purpose of this adjustment is to hedge the operating risks associated with commodity price fluctuations and has developed appropriate risk controls. Trading will be conducted mainly on major international trading venues such as the Singapore Stock Exchange, the London Metal Exchange, and the New York Mercantile Exchange.

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The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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