华天科技拟开展不超2.38亿美元外汇套期保值业务

Core Viewpoint - Tianshui Huatian Technology Co., Ltd. plans to conduct foreign exchange hedging to mitigate risks associated with currency fluctuations as its business expands and foreign currency usage increases [1]. Business Details - The hedging will involve major currencies used in the company's operations, such as USD, and will include various financial instruments like forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and other derivatives [1]. - The total transaction amount will not exceed the equivalent of 238 million USD, with the ability to roll over the limit during the approval period [1]. - The expected margin and premiums will not exceed 50% of the company's most recent audited net profit at any point during the term [1]. - The investment period is set for twelve months from the date of board approval, with funding sourced from the company's own funds and other legally permitted means [1]. - The board has authorized the management of the company and its subsidiaries to implement the hedging activities within the specified limits and timeframe [1]. Approval Process - The foreign exchange hedging matter falls under the board's decision-making authority and does not require shareholder approval, thus not constituting a related party transaction [2]. - The proposal was approved during the sixth meeting of the eighth board on September 12, 2025 [2]. Risk Analysis and Control Measures - The company acknowledges potential risks associated with the hedging activities, including market risk, forecasting risk, performance risk, and operational risk due to the complexity of foreign exchange derivatives [3]. - To mitigate these risks, the company will enhance research and analysis of exchange rates, implement a management system for hedging activities, and ensure strict control over transaction sizes and timing [3]. - The company will engage with reputable financial institutions and carefully review contract terms to minimize risks [3]. - The hedging activities will be accounted for according to relevant accounting standards, with documentation including board resolutions and feasibility analyses available for review [3].