Lingang Group: Plans to start financial derivative business in 2026 and invest 500 million yuan.

Linggang announced that in order to avoid the risk of price fluctuations in the spot market, the company will continue to engage in financial derivative business from January 1 to December 31, 2026. The trading varieties include rebar, hot rolled coil, iron ore, etc. The company plans to invest 500 million yuan, and will establish positions totaling 30% of the total investment amount, which is 150 million yuan, to meet the quarterly capital needs. The trading will be conducted on futures exchanges in Shanghai, Dalian, and Zhengzhou, with mainly using its own funds. The company has established decision-making bodies and management systems, as well as measures to deal with risks such as price fluctuations, funds, and liquidity.