金盘科技: 关于开展外汇套期保值业务的公告

Core Viewpoint - The company aims to mitigate foreign exchange risks through a hedging strategy involving a maximum amount of $225 million or equivalent foreign currency, approved by the board for a period of 12 months [1][2][3]. Summary by Sections Transaction Overview - The primary purpose of the foreign exchange hedging business is to protect the company's operating performance from significant exchange rate fluctuations, particularly due to its substantial export foreign exchange settlement in currencies like USD and EUR [2][3]. - The total amount for the hedging activities will not exceed $225 million or its equivalent in other currencies, funded by the company's own resources [2][3]. - The hedging products include forward foreign exchange contracts, RMB and foreign exchange swaps, foreign exchange trading, and foreign exchange options [3]. Approval Process - The board of directors approved the hedging proposal during the 25th meeting of the third board on August 4, 2025, and this decision does not require shareholder approval [1][4]. Risk Analysis - The hedging activities will follow principles to lock in exchange rates and interest rate risks, avoiding speculative or arbitrage trading [2][4]. - Risks associated with the hedging operations include potential deviations in future exchange rates from the company's predictions, operational risks, and legal risks [4][5]. Risk Control Measures - The company will implement strict controls on the scale of hedging transactions, ensuring all activities are within authorized limits and based on genuine operational needs [5]. - A structured operational process and authorization management system will be established, along with training for personnel involved in the hedging activities [5]. Impact on the Company - The foreign exchange hedging business is aligned with the company's operational needs and aims to prevent adverse effects on performance due to exchange rate volatility, ensuring no harm to the interests of the company and its shareholders [5][6].