Core Viewpoint - Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. plans to increase its foreign exchange derivatives trading limit from $20 million to $40 million due to foreign exchange market fluctuations and an increase in foreign currency deposits [1][2]. Business Situation - The company initially set a total value limit of $20 million for foreign exchange derivatives contracts, which can be rolled over within 12 months from the date of shareholder meeting approval. As of June 30, 2025, the balance of foreign exchange derivatives trading was $19.35 million [2]. - After the increase, the maximum cumulative contract value at any point during the period from the first extraordinary general meeting in 2025 to December 1, 2025, will not exceed $40 million [2]. Business-Related Information - The purpose of the trading is to effectively hedge against foreign exchange market risks, aligning with funding management requirements and daily operational needs, without engaging in speculative trading for profit [3]. - The trading instruments include forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations, involving major currencies such as USD and EUR [3]. - The funding source will be the company's own funds, and the trading will be conducted with qualified domestic and international financial institutions [3]. - The board of directors will seek authorization from the shareholders' meeting for the chairman or authorized personnel to make decisions and sign relevant legal documents within the set limits [3]. Review Procedure - The company held its second board meeting on August 27, 2025, where the proposal to increase the foreign exchange derivatives trading limit was approved, pending shareholder meeting approval [4]. - The company has established a foreign exchange trading management system and implemented various risk control measures, including market adjustment strategies and regular internal audits [4].
众鑫股份拟增加2000万美元外汇衍生品交易额度，总额达4000万美元