Core Viewpoint - The company, XWANDA, announced plans to engage in foreign exchange hedging and commodity hedging activities with a total investment of up to RMB 26 billion, aiming to manage financial risks effectively [1] Group 1: Foreign Exchange Hedging - The company intends to use transaction margin and option premium not exceeding RMB 26 billion (or equivalent in other currencies) for foreign exchange hedging activities [1] - The maximum contract value held on any trading day is expected to not exceed RMB 44 billion (or equivalent in other currencies) [1] - The authorization period for this activity will be valid for twelve months from the date of approval by the shareholders' meeting [1] Group 2: Commodity Hedging - The company plans to conduct commodity hedging with a maximum guarantee amount not exceeding RMB 1.3 billion (or equivalent in other currencies), excluding physical delivery payments for futures [1] - The expected maximum contract value held on any trading day for commodity hedging is projected to be up to RMB 12 billion (or equivalent in other currencies) [1] - The funds allocated for these activities can be used in a rolling manner [1]
欣旺达:关于公司开展套期保值业务的公告