Haoyue Care(SH:605009) Xin Lang Cai Jing·2025-08-29 12:28Core Viewpoint - Hangzhou Haoyue Nursing Products Co., Ltd. plans to conduct foreign exchange hedging transactions with domestic commercial banks to mitigate exchange rate fluctuation risks, with a maximum amount of up to $25 million [1] Summary by Sections Business Overview - The company and its subsidiaries intend to engage in foreign exchange hedging transactions with a maximum amount of $22 million or equivalent foreign currency, with a maximum margin and premium of 20 million RMB or equivalent foreign currency [1] - The funding for the hedging activities will come from the company's own funds, and will not involve raised funds [1] - The transactions will include various foreign exchange derivatives such as forward, swap, and option transactions, aimed at locking in exchange rate risks and costs [1] - The authorization for these transactions is valid for twelve months from the date of approval by the board of directors [1] Approval Process - The transaction requires approval from the board of directors and does not need to be submitted to the shareholders' meeting, nor does it involve related party transactions [2] Risk Analysis - The company acknowledges potential risks including exchange rate fluctuation risks, performance risks from financial institutions, and operational risks due to the complexity of the transactions [3] - A management system for foreign exchange hedging has been established to ensure compliance and to avoid speculative trading [3] Accounting and Supervisory Opinions - The company will account for and disclose the foreign exchange hedging activities according to relevant accounting standards [4] - The supervisory board supports the hedging activities, stating that they are beneficial for mitigating adverse effects from exchange rate fluctuations and that the decision-making process is legal and compliant [4]