中山大洋电机股份有限公司第七届董事会第十次会议决议公告

Core Viewpoint - The company, Broad Ocean Motor, has approved several financial strategies to mitigate risks associated with commodity prices and foreign exchange fluctuations, including commodity futures hedging for 2028 and foreign exchange hedging for 2027 [1][30]. Group 1: Commodity Futures Hedging - The company plans to hedge up to 22,000 tons of copper futures and 21,500 tons of aluminum futures for the year 2028, with maximum margin requirements of RMB 158 million and RMB 50 million respectively [2][14]. - The hedging strategy aims to stabilize production costs against the backdrop of volatile commodity prices due to geopolitical tensions and economic cycles [13][18]. - The hedging will be conducted through domestic and international futures exchanges, with a focus on copper and aluminum, which are critical raw materials for the company's operations [15][27]. Group 2: Foreign Exchange Hedging - For the year 2027, the company intends to engage in foreign exchange hedging with a maximum transaction balance of RMB 3.98 billion or equivalent foreign currency, and a maximum margin and premium of RMB 200 million [3][31]. - The primary goal of this strategy is to mitigate the adverse effects of currency fluctuations on the company's profits, especially given its significant export activities [31][36]. - The hedging will include various instruments such as foreign exchange forwards and options, ensuring that the company can manage its foreign currency exposure effectively [32][36]. Group 3: Credit Facilities - The company plans to apply for a total credit facility of up to RMB 13.67 billion and USD 2.4 million from various banks to support its operational needs [4][5]. - This credit facility will enhance the company's liquidity and financial flexibility, allowing it to better manage its day-to-day operations and strategic initiatives [4][5]. Group 4: Employee Stock Ownership Plan - The company has proposed an employee stock ownership plan to align the interests of employees with those of shareholders, promoting long-term growth and stability [6][7]. - This plan is designed to incentivize key personnel and enhance corporate governance by integrating employee interests with company performance [6][7]. Group 5: Upcoming Shareholder Meeting - The company has scheduled its first extraordinary general meeting for 2026 on January 26, where shareholders will vote on the proposed financial strategies and plans [9][47]. - The meeting will provide a platform for shareholders to express their views and participate in the decision-making process regarding the company's future direction [9][47].