SESPACE(SZ:002135) Zheng Quan Shi Bao·2025-08-19 19:54Core Viewpoint - The company has approved a plan to engage in foreign exchange derivative hedging to mitigate risks associated with currency fluctuations, enhancing financial stability while ensuring that core business operations remain unaffected [3][12][25]. Group 1: Board Meeting Details - The company's 25th meeting of the 8th Board of Directors was held on August 19, 2025, with all 9 directors present, confirming the legality and validity of the meeting [2][3]. - The board unanimously approved the proposal for foreign exchange derivative hedging with a vote of 9 in favor, 0 against, and 0 abstentions [3][4]. Group 2: Foreign Exchange Derivative Hedging Proposal - The company plans to conduct foreign exchange derivative hedging with a maximum transaction amount of up to $80 million or equivalent foreign currency, which can be rolled over within a 12-month period [3][12][15]. - The hedging activities are aimed at preventing adverse impacts from foreign currency exchange rate fluctuations and enhancing the company's financial resilience [12][14]. Group 3: Monitoring and Risk Management - The company has established a comprehensive risk management framework to monitor foreign exchange market conditions and adjust strategies accordingly to minimize potential losses [22]. - The financial department will oversee all foreign exchange derivative transactions, ensuring they are based on actual business needs and not speculative in nature [22][23]. Group 4: Compliance and Approval Process - The proposal for foreign exchange derivative hedging was reviewed and approved by both the Board of Directors and the Supervisory Board, confirming compliance with relevant laws and regulations [19][20][25]. - The company has developed a specific management system for foreign exchange derivative transactions to ensure adherence to regulatory requirements and internal controls [4][25].