,visited Jingu Group for exchanges and discussions.

On the afternoon of June 23, Yin Huiqiang, member of the Party Committee and Deputy General Manager of Shandong Port Investment Holding Co., Ltd., led a delegation to visit Jingu Group to exchange views and hold talks on deepening business cooperation. Sun Fubao, Chairman of Jingu Group, and relevant business personnel from the Sales Management Department, Finance and Capital Department and Board Office participated in the talks.

Chairman Sun Fubao warmly welcomed Vice General Manager Yin Huiqiang and his delegation, and expressed his gratitude to Shandong Port Group for its long-term support of Jingu Group in areas such as financing. He briefly introduced Jingu Group's recent business development and expressed strong interest in Shandong Port Investment Holding Co., Ltd.'s iron ore futures-spot linked trading product. He pointed out that in the current complex and severe market environment, using financial market tools to reduce operational risks is a viable path. Jingu Group can try participating in futures trading in conjunction with its existing business, and looks forward to effectively mitigating the impact of market downturn on corporate profits through Shandong Port's futures-spot linked trading.

Deputy General Manager Yin Huiqiang stated that since establishing a strategic partnership with Jingu Group, Shandong Port Group has actively explored comprehensive cooperation with Jingu Group. Building on the successful cooperation in financing, they hope to provide Jingu Group with more services. This visit aims to highlight their iron ore futures-spot linked trading product, hoping to help Jingu Group optimize its sales structure through the futures market and build an effective barrier against iron ore price volatility through professional services.

At the meeting, Feng Yipeng, Marketing Director of the Futures and Spot Business Department of Shandong Port Investment Holding Co., Ltd., provided a systematic explanation of iron ore concentrate swap transactions, basis pricing transactions, and "trading + hedging" business. Both parties conducted in-depth discussions on the integration model, implementation path, and potential risks of Jingu Group's iron ore concentrate spot business with the futures market. They reached a preliminary consensus on selecting some iron ore concentrate businesses for pilot operation at an opportune time, aiming to inject new momentum into Jingu Group's long-term and stable development through futures and spot linkage trading.

Contributed by: Shen Shigang

Edited by: Sun Wei