According to the Guidelines for the Standardized Operation of Listed Companies of Shenzhen Stock Exchange, the Measures for the Management of Futures Hedging Business of Zhuhai Gree Electric Co., Ltd. and other relevant regulations, combined with the fund management mode and daily business needs of Zhuhai Gree Electric Co., Ltd., Gree Electric plans to continue to carry out the futures hedging business of bulk materials on 20021,with the hedging contract amount not exceeding RMB 6 billion. The hedging business was held by the 11th board of directors of the company in April 20265428.

According to the announcement, with the development of the domestic futures market, the spot prices of bulk materials, especially copper and aluminum, are basically priced with reference to the prices of the Shanghai Futures Exchange. Smelters, traders and consumers all take the daily metal price trend of the exchange as the pricing standard. Hedging through the futures market has become a necessary means for enterprises to operate stably. Due to the large demand for copper, aluminum and other raw materials, the fluctuation of material prices directly affects the company's operating performance. Therefore, it is necessary to hedge in the futures market to assist normal production and operation activities. According to the demand scale of production and operation for bulk materials, the company strictly determines the business scale of hedging, and at the same time, the company establishes a futures risk measurement system to strengthen the risk management and control of hedging.