Core Viewpoint - The company held its 14th meeting of the 5th Supervisory Board on August 26, 2025, where several key resolutions were passed regarding the 2025 semi-annual report, fundraising usage, profit distribution, governance structure changes, and financial management strategies [1][2][3][4][5]. Group 1: Meeting and Resolutions - The meeting was attended by all three supervisors, confirming its legality and effectiveness under relevant laws and regulations [1]. - The 2025 semi-annual report was approved, reflecting the company's financial status and operational results accurately without any misleading information [2]. - A special report on the storage and actual use of raised funds was approved, confirming compliance with regulatory requirements and proper fund management [2]. - The profit distribution plan for the first half of 2025 was approved, ensuring it aligns with the company's financial health and does not harm minority shareholders [3]. - The decision to abolish the Supervisory Board and amend the company's articles of association was approved, indicating a shift in governance structure [3]. Group 2: Financial and Operational Strategies - The company approved a capital increase of up to 40 million yuan for its wholly-owned subsidiary to support the "Research and Development Center Construction Project," ensuring compliance with fundraising usage plans [4]. - A change in the accounting firm for the 2025 fiscal year was approved, with the appointment of Rongcheng Accounting Firm for auditing and internal control [5]. - The company authorized the initiation of foreign exchange hedging activities with a limit of up to 70 million USD, allowing for flexible financial management within a 12-month period [5].

Core Viewpoint - The document outlines the foreign exchange hedging management system of Suqian Liansheng Technology Co., Ltd., aiming to standardize the company's foreign exchange hedging activities and related information disclosure to mitigate foreign currency exchange rate risks and ensure asset safety [1]. Group 1: General Principles - The foreign exchange hedging business is defined as activities conducted with financial institutions to mitigate exchange rate risks, including but not limited to forward foreign exchange contracts, foreign exchange swaps, options, and other derivatives [2]. - The company must adhere to principles of legality, prudence, safety, and effectiveness in its foreign exchange hedging activities, which should be based on normal business operations and not for speculative purposes [3]. Group 2: Business Operation Guidelines - The company and its subsidiaries must establish foreign exchange hedging accounts in their own names and are prohibited from using third-party accounts for these transactions [3]. - Transactions must only be conducted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3]. - The foreign exchange hedging contracts' foreign currency amounts must not exceed the prudent forecast of foreign currency receipts and payments [3]. Group 3: Approval Authority - A feasibility analysis report must be prepared for all foreign exchange hedging activities, regardless of the amount, and submitted to the board of directors for approval [4]. - Specific conditions require that transactions involving a margin or premium exceeding 50% of the company's most recent audited net profit or absolute amounts over 5 million RMB must also be submitted to the shareholders' meeting for approval [4]. Group 4: Internal Operation Processes - The board of directors and shareholders' meeting serve as the decision-making bodies for foreign exchange hedging activities, with the chairman responsible for specific decision-making within approved limits [5]. - The finance department is tasked with risk management, planning, execution, and documentation of foreign exchange hedging activities [5]. - A detailed internal process is established for forecasting foreign currency receipts and payments, analyzing risks, and submitting plans for approval [6]. Group 5: Risk Management and Reporting - The finance department must report any confirmed losses or floating losses that reach 10% of the company's most recent audited net profit and exceed 10 million RMB to the board of directors immediately [7]. - The company is required to track changes in net exposure after hedging and continuously evaluate the effectiveness of the hedging activities [8]. Group 6: Information Disclosure and Record Keeping - The company must fulfill information disclosure obligations in accordance with regulations after board or shareholder approval of foreign exchange hedging activities [9]. - Relevant records related to foreign exchange hedging must be maintained by the finance department for a period of ten years [9].

Core Viewpoint - The document outlines the foreign exchange hedging management system of Guangdong Vanward New Electric Co., Ltd, aiming to standardize operations, enhance risk management, and ensure asset safety [2][12]. Group 1: General Principles - The foreign exchange hedging business includes forward foreign exchange sales and purchases, foreign exchange swaps, foreign exchange options, and other foreign exchange derivatives [2]. - The system applies to the company and its wholly-owned and controlling subsidiaries, prohibiting subsidiaries from engaging in hedging without company consent [2]. Group 2: Operational Principles - The company must conduct hedging activities based on legitimate, prudent, safe, and effective principles, avoiding speculative transactions [4]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [4]. - The company must establish its own hedging accounts and cannot use third-party accounts for these transactions [4]. Group 3: Approval Authority - Approval for hedging activities is tiered based on the company's audited net assets, requiring board approval for amounts exceeding 50% and board approval for amounts exceeding 10% [6]. - All hedging activities from subsidiaries must be reported to the company's chairman for approval [6]. Group 4: Business Management Process - The company's shareholder and board meetings serve as decision-making bodies for hedging activities, with the finance center responsible for feasibility analysis and operational management [7]. - The audit and supervision department monitors the actual operations and financial outcomes of hedging activities [8]. Group 5: Information Isolation Measures - All personnel involved in hedging must maintain confidentiality regarding the company's hedging strategies and financial conditions [10]. - The audit committee oversees the independence of the hedging operations and personnel [10]. Group 6: Internal Risk Management - The company must adhere to strict procedures for margin and settlement fund management, establishing warning reports and stop-loss mechanisms to prevent financial inaccuracies [20]. - In the event of significant exchange rate fluctuations, the finance center must analyze the situation and report to the board [21]. Group 7: Information Disclosure - The company is required to disclose relevant information regarding its hedging activities in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [22].

中信证券股份有限公司 关于江西宏柏新材料股份有限公司 开展外汇套期保值业务的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为江西宏柏新材 料股份有限公司（以下简称"宏柏新材"、"上市公司"或"公司"）2023年度向不特 定对象发行可转换公司债券的保荐人，上述可转换公司债券已于2024年完成发行，目前 处于持续督导阶段。根据《证券发行上市保荐业务管理办法》《上海证券交易所股票上 市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交 易所上市公司自律监管指引第 11 号——持续督导》等有关法律法规和规范性文件的要求， 保荐人对宏柏新材开展外汇套期保值业务进行了审慎核查，并出具核查意见如下： 包括但不限于美元、欧元等。公司进行的外汇套期保值业务品种具体包括但不限于远期 结售汇、外汇互换、外汇期货、外汇期权业务及其他外汇衍生产品等业务。交易对手为 有外汇衍生品交易业务经营资质的银行等金融机构。 本次授权外汇套期保值业务的有效期自公司2025年第三次临时股东大会审议通过之 日起十二个月，交易额度在有效期内可以滚动使用。上述额度和授权期限内董事会提请 股东大会授权董事长根 ...

华安证券股份有限公司 关于宁波长阳科技股份有限公司 开展外汇套期保值业务的核查意见 华安证券股份有限公司（以下简称"保荐机构"、"华安证券"）作为宁波 长阳科技股份有限公司（以下简称"长阳科技"、"公司"）2022年度向特定对 象发行股票并上市持续督导工作的保荐机构，根据《证券发行上市保荐业务管理 办法》、 二、拟开展的套期保值业务概述 （一）业务品种 结合资金管理要求和日常经营需要，公司拟开展的金融衍生品套期保值业 务主要包括远期结售汇、外汇掉期、外汇互换及其他外汇衍生产品等业务。 《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（2025 年5月修订）》等有关规定，对长阳科技开展外汇套期保值业务进行了核查，并 发表核查意见如下： 一、开展外汇套期保值业务的必要性 公司出口业务主要采用美元等外币进行结算，因此当汇率出现较大波动 时，汇兑损益将对公司的经营业绩造成一定影响，为有效规避外汇市场的风 险，防范汇率波动对公司经营业绩造成不利影响，提高外汇资金使用效率，合 理降低财务费用，公司拟与银行开展外汇套期保值业务。公司的外汇套期保值 业务以正常生产经营为基础，以规避和防范汇率风险为目的，不进行单纯 ...

Group 1 - The company held its ninth meeting of the fourth supervisory board on August 26, 2025, where the half-year report for 2025 was approved unanimously by the supervisory board members [1] - The half-year report reflects the company's operating conditions and results accurately, with no false records or misleading statements [1] - The company plans to conduct foreign exchange hedging activities with a maximum balance of $40 million (approximately 288 million RMB), using its own funds and not involving raised funds [2][3] Group 2 - The board authorized the chairman to make decisions and sign contracts related to the foreign exchange hedging business within the approved limit, with the possibility of delegating this authority to the general manager or other financial personnel [2] - The authorization for the foreign exchange hedging activities is valid for 12 months from the date of the board resolution [2]

Core Viewpoint - Ningbo Changyang Technology Co., Ltd. has announced the initiation of foreign exchange hedging activities to mitigate risks associated with currency fluctuations and improve the efficiency of foreign exchange fund utilization [1][2]. Group 1: Necessity of the Business - The company primarily conducts export transactions in foreign currencies such as USD, making it susceptible to exchange rate fluctuations that can impact operational performance [2]. - The foreign exchange hedging activities aim to prevent adverse effects from currency volatility, enhance the efficiency of foreign exchange funds, and reduce financial costs [2]. - The hedging activities will include various products such as forward foreign exchange contracts, foreign exchange swaps, and other foreign exchange derivatives, with a maximum amount of $50 million or equivalent [2]. Group 2: Risk Analysis and Control Measures - The company acknowledges potential risks including market risk, operational risk, and default risk, and has implemented several control measures [3]. - The hedging activities are based on normal business operations and are not intended for speculative trading [3]. - The finance department will continuously monitor market information and assess risk exposure, while a specific management regulation for foreign exchange hedging has been established [3]. Group 3: Impact on the Company and Opinions - The foreign exchange hedging activities are expected to enhance the company's ability to manage foreign exchange risks, thereby protecting operational performance and profits [4]. - The supervisory board supports the initiative, confirming that it aligns with the company's development needs and complies with legal procedures [4]. - The sponsoring institution agrees with the decision, emphasizing the importance of training for staff and adherence to risk control measures to prevent speculative behavior [4].

Group 1 - The company has raised a total of RMB 329.40 million through a private placement of 106,948,029 shares at a price of RMB 3.08 per share, with a net amount of RMB 318.36 million after deducting issuance costs [1][29] - As of June 30, 2025, the company has directly invested RMB 80.48 million in fundraising projects during the first half of the year, with a cumulative usage of RMB 318.07 million, leaving a balance of RMB 3.60 million [2][6] - The company has established a special account for the management of raised funds and has signed a regulatory agreement with the sponsor and commercial banks to ensure compliance with relevant regulations [3][5] Group 2 - The company has approved the use of RMB 22 million of idle raised funds to temporarily supplement working capital, with a commitment to return the funds to the special account as needed [9][10] - The company has completed the fundraising project "Lightweight Forged Aluminum Alloy Wheel Hub Intelligent Manufacturing Project" and plans to permanently supplement working capital with the remaining funds of RMB 2.32 million [28][33] - The company has conducted foreign exchange hedging business with a total amount not exceeding RMB 900 million to mitigate the impact of exchange rate fluctuations on its operating performance [17][18][54] Group 3 - The company has implemented a management system for foreign exchange hedging, ensuring that all transactions are based on actual business needs and do not involve speculative trading [21][23] - The board of directors has approved the foreign exchange hedging business, emphasizing its necessity for financial stability and risk management [26][54] - The company has reported no violations in the management and disclosure of raised funds, ensuring transparency and compliance with regulations [15][52]

Core Viewpoint - Ningbo Deye Technology Co., Ltd. plans to increase its foreign exchange hedging business limit for 2025 from $1.5 billion to $3 billion to mitigate foreign exchange and interest rate risks as its overseas business expands and foreign currency settlements increase [1][2]. Group 1: Business Strategy and Expansion - The company is expanding its overseas business and primarily using foreign currencies for settlements, leading to an increase in foreign exchange income and expenditure [1]. - The decision to increase the hedging limit is driven by the need to manage the growing foreign exchange risk due to fluctuating international conditions [1]. Group 2: Approval Process - The increase in the foreign exchange hedging business limit has been approved by the company's board and supervisory board but requires final approval from the shareholders' meeting [2]. - The relevant meetings for approval were held on April 28, 2025, and August 25, 2025, with the final shareholder meeting scheduled for May 21, 2025 [2]. Group 3: Risk Management Measures - The company has established an internal control management system for foreign exchange hedging, outlining management principles, approval authority, and operational processes to mitigate risks [3]. - The company will use simple, liquid, and market-recognized trading tools and collaborate with reputable financial institutions to reduce transaction risks [3]. - The hedging activities are based on actual business conditions and aim to prevent and mitigate foreign exchange risks, with strict internal approval procedures in place [3].

Core Viewpoint - The company, Guangdong Yuxin New Energy Technology Co., Ltd., has approved a proposal to conduct foreign exchange hedging business with a limit of up to 750 million RMB or equivalent foreign currency to mitigate foreign exchange risks and enhance financial stability [1][2]. Business Reasons and Overview - The company aims to increase foreign exchange hedging activities due to the growing scale of foreign exchange income and expenditure in its operations, influenced by international political and economic factors, leading to increased exchange rate and interest rate volatility [2]. - The hedging limit is set at 750 million RMB, which can be used in a rolling manner within a 12-month period from the board's approval [2]. - The hedging will be limited to currencies that match the company's primary settlement currencies, such as USD and EUR, and will involve transactions with qualified financial institutions [2]. Compliance with Approval Procedures - The foreign exchange hedging business has been approved through the necessary meetings, including an independent director meeting and board meetings, and does not require shareholder approval as it falls within the board's authority [3]. Risk Analysis and Control Measures - The company acknowledges potential risks associated with the hedging activities, including exchange rate fluctuations, internal control risks, counterparty default risks, customer default risks, and legal risks [4]. - To mitigate these risks, the company will adhere to a prudent approach, enhance currency research, establish a management system for hedging activities, and ensure strict compliance with operational procedures [5]. Positive Impact on the Company - The proposed hedging activities are closely aligned with the company's operational needs, enhancing its ability to manage foreign exchange volatility and improving financial stability without harming the interests of the company and its shareholders [6]. Support from Stakeholders - Independent directors and the company's sponsor, Guotou Securities Co., Ltd., support the hedging proposal, stating it effectively mitigates exchange rate risks and aligns with the company's operational requirements [7].