Today's Information

Provided by: Coremax Corporation
SEQ_NO 1 Date of announcement 2022/08/02 Time of announcement 17:40:21
Subject 
 The company is engaged in derivatives trading and
reaches the ceiling of the loss of individual
contracts set
Date of events 2022/08/02 To which item it meets paragraph 20
Statement 
1.Type of contract:futures contract
2.Date of occurrence of the event:2022/08/02
3.Contract price:USD236,730
4.Monetary amount of margin or royalties paid:USD89,194
5.Ceiling on losses for aggregate or individual contracts set forth in the
Procedures:
1.The ceiling of total contract loss limit is 20% of the transaction amount.
2.The ceiling of individual contract loss is 20% of the transaction amount.
6.Reason for derivative transaction:hedging
7.Item(s) being hedged:Metal raw material hedging
8.Monetary amount of the hedged item(s):USD236,730
9.Profit (loss) of the hedged item(s):USD-65,130
10.The losses (including realized and unrealized losses) assessed using fair
value:USD-65,130
11.Reason for occurrence of the losses and the impact to the Company:
1.Due to the large fluctuation of nickel metal price.
2.It has no significant impact on the operation of the company.
12.Contract period:
Contract date: 2022/7/18
Delivery date: 2022/8/2
13.Restrictive covenants:None
14.Other important terms and conditions:None
15.Any other matters that need to be specified:None

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Coremax Corporation published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:49:00 UTC.