3PEAK(SH:688536) Zheng Quan Zhi Xing·2025-06-20 11:41Overview - The company aims to mitigate foreign exchange risks due to the complex international macroeconomic environment and the uncertainty in global financial markets and exchange rates [1][2] Transaction Details - The company and its subsidiaries plan to use derivatives such as forwards, swaps, options, and combinations thereof to hedge against foreign exchange risks arising from import materials and overseas payments [2][3] - The total amount for the foreign exchange hedging activities is capped at 36 million USD or equivalent foreign currency for the year 2025, with a rolling usage within a 12-month period from August 4, 2025, to August 3, 2026 [2][3][4] - The funding for these hedging activities will come from the company's own funds, without utilizing raised funds [2] Risk Management - The company will adhere to strict hedging principles, ensuring that all foreign exchange hedging activities are based on actual business operations and not for speculative purposes [3][5] - The company has established internal control measures to manage risks associated with foreign exchange derivatives, including setting appropriate stop-loss limits and ensuring compliance with internal procedures [5][6] Impact on Financial Stability - The foreign exchange hedging activities are intended to enhance the company's financial stability and protect against adverse effects from exchange rate fluctuations [6][7] - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to these hedging activities [7][8] Endorsement from Sponsor - The sponsor has confirmed that the foreign exchange hedging activities align with the company's operational needs and will help mitigate risks associated with foreign exchange market fluctuations, thereby protecting shareholder interests [8]