Group 1 - The company, TianNeng Heavy Industry, announced plans to conduct foreign exchange hedging activities with a limit of up to 15 million USD or equivalent foreign currency [1] - The hedging activities will include various financial instruments such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, and other foreign exchange derivatives [1] - The maximum expected margin and premium for these transactions will not exceed 1.5 million USD, which includes collateral value, anticipated credit limits from financial institutions, and reserved margins for emergency measures [1]

（编辑 楚丽君） 证券日报网讯 8月22日晚间，合康新能发布公告称，公司第六届董事会第二十二次会议、第六届监事会 第二十次会议审议通过了《关于开展外汇套期保值业务的议案》，同意公司及子公司开展外汇套期保值 业务额度不超过2亿元人民币或等值外币金额，在授权期限内额度可循环滚动使用，且任一时点的交易 金额不超过额度上限。公司拟开展的外汇套期保值业务保证金峰值不得超过公司最近一期经审计净利润 的50%。 ...

Core Viewpoint - The company plans to conduct foreign exchange hedging activities to mitigate foreign exchange market risks and reduce exchange losses, with a limit of up to 10 million USD or equivalent currency [1][2]. Summary by Sections Foreign Exchange Hedging Business Overview - The company and its subsidiaries intend to engage in foreign exchange hedging to lower the impact of exchange rate fluctuations on operations and minimize exchange losses [1][2]. Business Scope and Approval Process - The hedging activities will be conducted within a limit of 10 million USD or equivalent currency, with the ability to roll over the amount within a 12-month period from the board's approval [2]. - The board has authorized the management to approve daily hedging plans and sign related contracts, with the finance department responsible for execution [2][3]. Risk Analysis - While foreign exchange hedging can reduce the impact of significant exchange rate fluctuations, it may also introduce risks such as potential exchange losses if the locked-in rates deviate from actual rates [3]. - The complexity of hedging operations may lead to operational risks due to inadequate internal controls or personnel expertise [3]. Accounting Principles - The company will follow relevant accounting standards for the recognition and measurement of financial instruments and hedging activities [4].

Group 1 - The company plans to conduct foreign exchange hedging to mitigate risks associated with currency fluctuations impacting its operations [1][2] - The hedging activities will be limited to a maximum of $10 million or equivalent in other currencies, with the ability to roll over this amount within a 12-month period [1][2] - The company will utilize its own funds or a certain proportion of bank credit for these hedging activities, avoiding the use of raised funds [2] Group 2 - The necessity and feasibility of the hedging activities are underscored by the company's significant export business, which is affected by international political and economic uncertainties [2][4] - The company has established a foreign exchange hedging management system to ensure structured operations and has implemented specific risk control measures [3][4] - The company will adhere to principles of locking in exchange rate risks and will not engage in speculative trading [2][3] Group 3 - The company acknowledges potential risks associated with foreign exchange hedging, including discrepancies between locked-in rates and actual transaction rates, which could lead to exchange losses [2][3] - Operational complexities and the potential for inaccurate payment forecasts due to changes in customer or supplier orders may increase exchange risk exposure [3] - The company has set clear internal controls and audit processes to monitor the effectiveness and financial implications of the hedging activities [3][4]

Core Viewpoint - The company intends to conduct foreign exchange hedging activities to mitigate risks associated with currency fluctuations, thereby enhancing financial stability and efficiency in the use of foreign exchange funds [1][2][5]. Group 1: Overview of Foreign Exchange Hedging Activities - The purpose of the foreign exchange hedging activities is closely related to the company's daily operations, aiming to prevent adverse effects from significant currency fluctuations [1][2]. - The company plans to engage in hedging activities using currencies that are relevant to its business operations, including but not limited to USD and EUR [1][2]. - The hedging activities will include various financial instruments such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and other derivatives [1][2]. Group 2: Financial Limits and Approval Process - The company estimates that it will use no more than $15 million or equivalent foreign currency for hedging activities, with the ability to roll over funds within this limit [2][5]. - The funding for these hedging activities will come from the company's own funds, and the board of directors has authorized the chairman or their designee to approve daily hedging plans and sign related contracts [2][5]. - The validity of the hedging activities is set for 12 months from the date of board approval [2][5]. Group 3: Risk Analysis and Control Measures - The company acknowledges that while hedging is intended to mitigate risks, it may still face market judgment risks due to unforeseen economic changes [3][4]. - To manage these risks, the company will monitor market conditions and adjust strategies accordingly, ensuring compliance with legal regulations and internal controls [4][5]. - The company will also focus on managing foreign currency receivables to avoid overdue accounts, thereby reducing default risks [4][5]. Group 4: Opinions from Governance Bodies - The board of directors unanimously agrees to the proposed hedging activities, stating that they align with the company's operational needs and do not harm the interests of shareholders [5]. - The supervisory board also supports the decision, confirming that the process complies with relevant laws and regulations [5]. - The sponsoring institution has verified that the approval process for the hedging activities meets legal requirements and does not pose risks to the company or its shareholders [5][6].

Group 1 - The company has not distributed profits or increased capital reserves during the reporting period [1] - The board of directors confirmed the authenticity, accuracy, and completeness of the semi-annual report [1][3] - The semi-annual report has not been audited [1] Group 2 - The company held its fifth board meeting on August 21, 2025, with all seven directors present [4] - The board approved the semi-annual report and its summary, confirming compliance with relevant regulations [5][6] - The board also approved a special report on the storage and actual use of raised funds, confirming no violations in fund usage [7][8] Group 3 - The company plans to conduct foreign exchange hedging to mitigate risks from currency fluctuations, with a maximum balance of $6 million [46][48] - The hedging activities will include various financial instruments such as forward foreign exchange contracts and options [49] - The board authorized management to operate and manage the hedging activities within the specified limits [48][52] Group 4 - The company reported on the actual use of raised funds, with a total of RMB 45,181.02 million invested in projects as of June 30, 2025 [17][21] - The company has established a management system for raised funds to ensure compliance and transparency [17][19] - The company has not used excess raised funds for temporary liquidity or to repay bank loans [25][26]

Core Viewpoint - The company intends to conduct foreign exchange hedging to mitigate risks associated with currency fluctuations that could impact its financial performance [1][4]. Summary by Sections Overview of Foreign Exchange Hedging - The purpose of the hedging is to reduce the impact of exchange rate fluctuations on the company's operating results, as its export business primarily uses foreign currencies like USD for settlement [1]. - The company plans to use its own funds for hedging activities, with a maximum balance of $6 million at any time, and the collateral and premiums will not exceed 50% of the latest audited net profit [1][2]. - The hedging activities will include various instruments such as forward foreign exchange contracts, foreign exchange swaps, and options [2]. Approval Process - The company's board of directors approved the hedging proposal during a meeting on August 21, 2025, and this matter does not require shareholder approval according to relevant regulations [2][3]. Risk Analysis and Control Measures - The company acknowledges inherent risks in foreign exchange hedging, including market judgment risks and potential operational risks due to inadequate internal controls [3][4]. - To mitigate these risks, the company will implement strict internal controls, professional training for staff, and a reporting system for unusual situations [4]. Impact on the Company and Accounting Treatment - Engaging in foreign exchange hedging is expected to enhance the company's ability to manage currency risk, thereby protecting profits and shareholder equity [4]. - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to the hedging activities [4]. Sponsor Institution's Review Opinion - The sponsor institution believes that the proposed hedging activities align with the company's operational needs and that adequate risk management measures are in place [5].

国泰海通证券股份有限公司 关于峰岹科技（深圳）股份有限公司 开展外汇套期保值业务的核查意见 国泰海通证券股份有限公司（以下简称"保荐人"）作为峰岹科技（深圳）股 份有限公司（以下简称"公司"或"峰岹科技"）持续督导的保荐人，根据《证券发 行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《上海证券 交易所科创板上市公司自律监管指引第 1 号——规范运作》《科创板上市公司持 续监管办法（试行）》等有关法律法规规定，对峰岹科技拟开展外汇套期保值业 务的事项进行了核查，具体核查情况如下： 一、 开展外汇套期保值业务的目的 随着公司国际化步伐进一步加快，外汇收支规模不断增长，同时受国际政治、 经济形势等因素影响，汇率和利率波动幅度不断加大，外汇风险显著增加。为防 范汇率大幅度波动对公司造成不利影响，提高外汇资金使用效率，公司及子公司 开展外汇套期保值业务，有利于控制汇率风险，减少汇兑损失，减少汇率波动对 公司业绩的影响。公司及子公司开展所有外汇套期保值业务均以正常业务经营为 基础，以规避和防范汇率风险为目的。 二、 外汇套期保值业务概述 公司及子公司的外汇套期保值业务只限于从事与公司生产经营所使用的主 要结 ...

Core Viewpoint - Zhejiang Southeast Steel Structure Co., Ltd. plans to conduct foreign exchange derivative hedging business to mitigate foreign exchange risk associated with its expanding overseas operations, with a transaction amount not exceeding 80 million USD or equivalent foreign currency, and a duration of 12 months [1][2][4]. Trading Information Summary - As of August 20, 2025, the stock price of Southeast Steel Structure closed at 4.4 CNY, up 0.92%, with a turnover rate of 1.11%, trading volume of 115,800 shares, and a transaction amount of 50.58 million CNY [1]. - On the same day, the fund flow showed a net outflow of 1.019 million CNY from main funds, a net outflow of 1.2928 million CNY from speculative funds, and a net inflow of 2.3118 million CNY from retail investors [1][2]. Company Announcements Summary - The 25th meeting of the 8th Board of Directors approved the proposal to conduct foreign exchange derivative hedging business and the establishment of the "Foreign Exchange Derivative Trading Management System" [1][2]. - The 18th meeting of the 8th Supervisory Board also approved the proposal for foreign exchange derivative hedging business, affirming that it aligns with the company's operational needs and does not harm the interests of the company and its shareholders [1][2]. Feasibility Analysis of Foreign Exchange Derivative Hedging Business - The company plans to engage in foreign exchange derivative transactions, including forwards, swaps, and options, with a maximum transaction amount of 80 million USD or equivalent foreign currency, aimed at mitigating foreign exchange risks without engaging in speculation or arbitrage [2][4]. - The funding for this business will come from the company's own funds, and the company has established a management system to outline operational principles, approval authority, management processes, and risk control measures [2][3]. Foreign Exchange Derivative Trading Management System - The management system is designed to regulate the company's foreign exchange derivative trading activities and prevent and control exchange rate risks, applicable to the company and its subsidiaries [3]. - The trading activities are limited to transactions with qualified financial institutions, and the company must adhere to strict internal controls and confidentiality obligations [3]. Verification Opinion from Kaiyuan Securities - Kaiyuan Securities, as the sponsor for the company's convertible bond issuance, conducted a review of the foreign exchange derivative hedging business and concluded that it would help mitigate foreign exchange market risks and enhance financial stability, complying with relevant regulations [4].

（编辑 楚丽君） 证券日报网讯 8月19日晚间，蓝晓科技发布公告称，公司于2025年8月18日召开第五届董事会第九次会 议、第五届监事会第六次会议，审议通过了《关于开展外汇套期保值业务的议案》，同意公司（含子公 司）开展外汇套期保值业务，金额不超过5，000万美元（或等值外币）。 ...