China Salt Chemical's Board of Directors unanimously approved three proposals related to futures hedging.

On March 17, China Salt Inner Mongolia Chemical Co., Ltd. (stock code: 600328, stock abbreviation: China Salt Chemical) released the resolution announcement of the 11th meeting of the 9th Board of Directors, announcing the unanimous approval of three proposals: “Proposal on Conducting Futures Hedging Business,” “Proposal on the Feasibility Analysis Report for Conducting Futures Hedging Business,” and “Management Measures for Futures Hedging Business,” paving the way for the company to conduct futures hedging business.

The announcement shows that this board meeting was held on March 17, 2026, in a combination of on-site and video format, with 9 directors expected to attend and 9 directors actually present. Among them, Chairman Zhou Jie, Director Wang Guangbin, and Employee Director Ma Zhanyu attended the meeting on-site, while the remaining 6 directors participated via video. The meeting was chaired by Chairman Zhou Jie, with company executives attending as well. The convening and holding of the meeting complied with the relevant provisions of the Company Law and the Company Articles of Association.

The three proposals reviewed at the meeting had all been previously approved by the audit committee at its first meeting of 2026, with the voting results of the audit committee being 5 votes in favor, 0 votes against, and 0 abstentions. At this board meeting, all three proposals were passed with results of 9 votes in favor, 0 votes against, and 0 abstentions.

The company stated that for detailed content regarding the conduct of futures hedging business, please refer to the announcement titled “Announcement on Conducting Futures Hedging Business by China Salt Inner Mongolia Chemical Co., Ltd.” published on the same day in China Securities Journal, Shanghai Securities Journal, and on the Shanghai Stock Exchange website (www.sse.com.cn). The “Feasibility Analysis Report for Conducting Futures Hedging Business” and the “Management Measures for Futures Hedging Business” have also been disclosed on the Shanghai Stock Exchange website.

The approval of these three proposals marks an important step for China Salt Chemical in enhancing risk management and operational stability. The company will effectively hedge against market risks such as raw material price fluctuations through futures hedging tools, ensuring smooth production and operations.

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Editor: Xiao Lang Kuai Bao