时创能源: 常州时创能源股份有限公司关于开展商品期货和外汇套期保值业务的公告

Core Viewpoint - The company aims to mitigate risks associated with raw material price fluctuations and exchange rate volatility by engaging in commodity futures and foreign exchange hedging activities, thereby enhancing financial stability and operational management capabilities [1][2][10] Summary by Sections 1. Overview of Hedging Activities - The company plans to conduct commodity futures hedging related to its production operations, focusing on materials such as polysilicon, silver, and copper to reduce uncertainty from price volatility [1][2][3] - The foreign exchange hedging will include forward foreign exchange contracts, foreign exchange swaps, and options, primarily to manage risks from currency fluctuations in its export business [4][5] 2. Transaction Amount and Duration - The maximum margin for commodity futures hedging will not exceed RMB 100 million, while the foreign exchange hedging is expected to be up to USD 10 million or equivalent [2][4] - The duration for these hedging activities is set for 12 months from the board's approval date, with the ability to roll over the amounts within this period [2][3] 3. Approval Process - The company has completed the necessary internal approval process, including meetings of the board and supervisory committee, and the matter does not require shareholder approval [2][5][10] 4. Risk Management Measures - The company emphasizes that the hedging activities are not for speculative purposes but to effectively control market risks [3][4] - Specific risk control measures have been established to manage potential risks associated with both commodity and foreign exchange hedging activities [7][8] 5. Impact on the Company - Engaging in these hedging activities is expected to reduce the impact of raw material price and exchange rate fluctuations on the company's operational performance, thereby supporting its overall business stability [9][10]