Core Viewpoint - Jiangsu Ruitai New Material Co., Ltd. plans to conduct forward foreign exchange settlement and sales business in 2026 to mitigate foreign exchange fluctuation risks, with a transaction limit not exceeding 20 million USD [1][2]. Business Background - The company and its subsidiaries primarily use foreign currencies such as USD and EUR for import and export transactions, making them susceptible to exchange rate fluctuations that could impact operational stability [2]. - To lock in exchange costs and enhance financial stability, the company has decided to use forward foreign exchange tools for hedging against currency risks [2]. Key Business Elements Overview - The forward foreign exchange business will adhere to the principles of "risk hedging and acting within capacity," with a total transaction amount not exceeding 20 million USD for 2026, and any balance at any time not exceeding this limit [3]. - The company will enter into forward foreign exchange contracts with banks, specifying currency, amount, exchange rate, and delivery period, ensuring alignment with actual foreign exchange income and expenditure [3]. - A comprehensive risk prevention system has been established to address potential market and liquidity risks, including dynamic adjustment of trading strategies based on exchange rate trends and prioritizing simple, liquid trading products [3]. Regulatory and Compliance Attitude - The sponsor institution, CITIC Securities, affirmed that the decision-making process for this business is legal and compliant, with sound internal controls, and that the forward foreign exchange business will help reduce the impact of exchange rate fluctuations on operational performance [4]. - The implementation of this business will strictly follow regulatory requirements and the company's management system, with timely information disclosure on relevant progress [4].
瑞泰新材拟开展2000万美元远期结售汇业务 对冲汇率波动风险