Haier Smart Home: plans to conduct up to 5.63 billion yuan copper futures hedging business.

Haier Smart Home announced that the company and its subsidiaries plan to carry out hedging transactions for bulk copper raw materials, with a contract value not exceeding 5.63 billion yuan, and the limit can be rolled over for 12 months. The funds are self-owned. The trading variety is limited to copper products related to production and operation, and the trading methods include futures and derivatives, without engaging in speculation and arbitrage trading. The company believes that carrying out this business can hedge price fluctuations risks, while also analyzing market, policy, fund, and other risks and formulating corresponding control measures.