Zhongchu Shares: The controlling subsidiary plans to carry out a commodity futures hedging business of 200 million yuan.

The announcement of Sinotrans shares stated that its subsidiary Chengtong Commodity intends to carry out commodity futures hedging business in 2026 to prevent price fluctuations and promote spot trading. The trading varieties include copper, aluminum, etc., the trading instrument is futures contracts, and the trading venues are Shanghai and Zhengzhou commodity exchanges. The maximum margin utilization amount is not more than 200 million yuan, which can be used in a revolving manner using self-owned or self-raised funds. This matter has been approved by the board of directors and does not require shareholder approval. The business carries market, fund, and other risks, and Chengtong Commodity will take clear principles and strict control measures such as risk control in scale.