Star Lake Technology adjusts corn futures hedging transactions by adding option contracts.

On September 15, 2025, the Eleventh Board of Directors of Guangdong Zhaoqing Xinghu Biotechnology Co., Ltd. held its thirteenth meeting, and approved the resolution on "Adjusting Matters Related to Corn Futures Hedging Transactions". In order to enhance flexibility, the company will add on-exchange and off-exchange corn options contracts trading based on the standard corn futures contract on domestic futures exchanges, while keeping the rest of the original proposal unchanged. The trading period will be extended until April 19, 2026. The maximum margin requirement for trading is 50 million yuan, corresponding to a maximum contract value of 500 million yuan, funded by the company's own capital. The company conducts hedging transactions to control raw material price risks, but may still face market and liquidity risks. Risk control measures have been implemented.