宇新股份拟开展不超7.5亿元外汇套期保值业务

Core Viewpoint - The company, Guangdong Yuxin New Energy Technology Co., Ltd., has approved a proposal to conduct foreign exchange hedging business with a limit of up to 750 million RMB or equivalent foreign currency to mitigate foreign exchange risks and enhance financial stability [1][2]. Business Reasons and Overview - The company aims to increase foreign exchange hedging activities due to the growing scale of foreign exchange income and expenditure in its operations, influenced by international political and economic factors, leading to increased exchange rate and interest rate volatility [2]. - The hedging limit is set at 750 million RMB, which can be used in a rolling manner within a 12-month period from the board's approval [2]. - The hedging will be limited to currencies that match the company's primary settlement currencies, such as USD and EUR, and will involve transactions with qualified financial institutions [2]. Compliance with Approval Procedures - The foreign exchange hedging business has been approved through the necessary meetings, including an independent director meeting and board meetings, and does not require shareholder approval as it falls within the board's authority [3]. Risk Analysis and Control Measures - The company acknowledges potential risks associated with the hedging activities, including exchange rate fluctuations, internal control risks, counterparty default risks, customer default risks, and legal risks [4]. - To mitigate these risks, the company will adhere to a prudent approach, enhance currency research, establish a management system for hedging activities, and ensure strict compliance with operational procedures [5]. Positive Impact on the Company - The proposed hedging activities are closely aligned with the company's operational needs, enhancing its ability to manage foreign exchange volatility and improving financial stability without harming the interests of the company and its shareholders [6]. Support from Stakeholders - Independent directors and the company's sponsor, Guotou Securities Co., Ltd., support the hedging proposal, stating it effectively mitigates exchange rate risks and aligns with the company's operational requirements [7].