CNGR (02579) issued an announcement outlining several proposals, including board re-election, applications for credit facilities amounting to up to RMB110.00 billion, a 2026 hedging plan, and engagement in futures and derivatives trading. These items are set for consideration at an extraordinary general meeting on March 23, 2026.

The plan for composite credit and guarantees indicates a total of RMB110.00 billion across the company and its subsidiaries. The board will consider guarantees for various units, with maximum limits assigned according to financial factors and operational needs.

Regarding hedging strategies, the company intends to manage market fluctuations through two main channels. First, proposed foreign exchange hedging is capped at RMB15.00 billion or its equivalent. Second, commodity hedging for bulk materials used in daily production—such as cobalt, nickel, copper, lithium carbonate, soda ash, and caustic soda—allows a margin investment not exceeding RMB7.00 billion on a revolving basis.

In addition, CNGR (02579) proposes an authorization to deploy up to RMB150.00 million in idle funds for futures and derivatives trading, subject to a maximum potential loss limit of RMB50.00 million. Transactions will adhere to internal risk controls that segment investment authorization, margin management, and market monitoring.

The extraordinary general meeting notice confirms that shareholders will vote on the above items. Details on candidate biographies for the forthcoming board session and other procedural guidelines are contained within the official circular.