Deye(SH:605117) Xin Lang Cai Jing·2025-08-25 22:24Core Viewpoint - Ningbo Deye Technology Co., Ltd. plans to increase its foreign exchange hedging business limit for 2025 from $1.5 billion to $3 billion to mitigate foreign exchange and interest rate risks as its overseas business expands and foreign currency settlements increase [1][2]. Group 1: Business Strategy and Expansion - The company is expanding its overseas business and primarily using foreign currencies for settlements, leading to an increase in foreign exchange income and expenditure [1]. - The decision to increase the hedging limit is driven by the need to manage the growing foreign exchange risk due to fluctuating international conditions [1]. Group 2: Approval Process - The increase in the foreign exchange hedging business limit has been approved by the company's board and supervisory board but requires final approval from the shareholders' meeting [2]. - The relevant meetings for approval were held on April 28, 2025, and August 25, 2025, with the final shareholder meeting scheduled for May 21, 2025 [2]. Group 3: Risk Management Measures - The company has established an internal control management system for foreign exchange hedging, outlining management principles, approval authority, and operational processes to mitigate risks [3]. - The company will use simple, liquid, and market-recognized trading tools and collaborate with reputable financial institutions to reduce transaction risks [3]. - The hedging activities are based on actual business conditions and aim to prevent and mitigate foreign exchange risks, with strict internal approval procedures in place [3].