JZNEE(SH:603507) Zheng Quan Zhi Xing·2025-04-03 15:08Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. plans to engage in foreign exchange hedging to mitigate risks associated with currency fluctuations and improve the efficiency of foreign currency usage [1][2][3] Summary by Sections Transaction Overview - The purpose of the transaction is to effectively avoid risks in the foreign exchange market, prevent adverse impacts from significant currency fluctuations, enhance the efficiency of foreign currency usage, and reasonably reduce financial costs [2][3] - The total amount for foreign exchange hedging activities will not exceed 500 million USD or its equivalent in RMB, funded by the company's own funds and bank credit lines [2][3][4] Transaction Details - The financial derivatives to be used include forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and currency swaps, primarily involving USD and EUR [1][3] - The authorization for daily foreign exchange hedging business will be valid from the resolution of the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [3][4] Approval Process - The proposal for engaging in financial derivatives trading was approved at the eighth meeting of the fourth board of directors on April 2, 2025, and will be submitted for shareholder approval [2][4] Risk Management - The company has established clear regulations regarding risk control measures, including limits on transaction amounts, types of derivatives, approval authority, and internal review processes [4][5] - The independent directors and supervisory board agree that the decision-making process for engaging in financial derivatives trading complies with relevant laws and regulations, and the internal controls are adequate [6][7]