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].

Core Viewpoint - The company, Anhui Juyi Technology Co., Ltd., plans to engage in foreign exchange hedging activities to mitigate risks associated with currency fluctuations, enhance the efficiency of foreign exchange fund utilization, and reduce financial costs [1][3]. Group 1: Hedging Business Overview - The company intends to conduct foreign exchange hedging through various financial instruments, including forward contracts, foreign exchange swaps, options, and combinations of these products, focusing on currencies such as USD, EUR, GBP, and JPY [3][4]. - The total amount for the hedging activities will not exceed 10 million USD or its equivalent in foreign currency, with the ability to roll over the approved amount within a 12-month period from the shareholders' meeting approval [2][3]. Group 2: Approval and Implementation - The foreign exchange hedging proposal has been approved by the company's board and supervisory board and will be submitted for shareholder approval [5][7]. - The management team is authorized to make decisions and sign relevant legal documents within the approved limits, with the finance department responsible for implementation [4][6]. Group 3: Risk Management - The company emphasizes that the hedging activities are based on normal business operations and are not intended for speculative profit [3][6]. - A comprehensive risk control framework has been established, including continuous monitoring of market information, internal audits, and adherence to established management policies [6][7]. Group 4: Financial Reporting - The company will account for the foreign exchange hedging activities in accordance with relevant accounting standards, ensuring proper reflection in financial statements [7].

Overview - The company plans to engage in foreign exchange derivative trading to hedge against currency fluctuations affecting its export business, aiming to enhance the efficiency of foreign exchange fund usage [1][2] Transaction Details - The maximum transaction amount approved for the company and its subsidiaries is set at an equivalent of 30,000 million USD at any given time [1][2] - The funding for these transactions will come from the company's own funds, without involving raised capital [1] - The trading methods include forward foreign exchange sales, swaps, options, and interest rate derivatives, among others, to mitigate currency and interest rate risks [1][2] Approval Process - The proposal for foreign exchange derivative trading was approved during the eighth board meeting and the seventh supervisory meeting held on August 25, 2025, and will be submitted for further approval at the third extraordinary general meeting of shareholders in 2025 [2] Risk Management - The company has established internal management systems and processes for derivative trading, focusing on hedging rather than speculative trading [2][3] - Various risks such as market risk, liquidity risk, performance risk, and legal risk are acknowledged, with measures in place to mitigate these risks [3] Impact on the Company - Engaging in foreign exchange derivative trading is expected to effectively lock in exchange rates and mitigate potential risks from currency fluctuations, thereby enhancing the company's financial stability and protecting shareholder interests [4]

Core Viewpoint - The company intends to conduct foreign exchange hedging activities to mitigate the risks associated with currency fluctuations, primarily due to its overseas procurement and sales operations, which predominantly use USD as the settlement currency [1][2]. Summary by Sections 1. Overview of Foreign Exchange Hedging Activities - The purpose of the foreign exchange hedging activities is to effectively avoid and prevent the impact of exchange rate fluctuations on the company's operating performance, thereby improving the efficiency of foreign exchange fund utilization and reasonably reducing financial costs [1]. - The total amount for the proposed foreign exchange hedging activities will not exceed 50 million USD or its equivalent in other currencies, with the ability to roll over this amount within the authorized period [1]. 2. Funding Sources and Transaction Methods - The funding for the foreign exchange hedging activities will come from the company's own funds [2]. - The company plans to engage with large commercial banks or financial institutions with legal qualifications and high credit ratings for the hedging activities, including forward foreign exchange sales and foreign exchange swap transactions [2]. 3. Authorization and Duration - The board of directors has authorized the management to conduct foreign exchange hedging activities for a period of 12 months from the date of approval, with the total foreign currency amount not exceeding 50 million USD [2][4]. 4. Risk Analysis and Control Measures - The foreign exchange hedging activities are designed to lock in exchange rate risks and avoid speculative trading. However, there are inherent risks, including market judgment risks and operational risks due to potential misjudgment of exchange rate trends [3]. - The company has established a risk control framework, including training for personnel, timely reporting of unusual situations, and strict adherence to internal procedures to mitigate operational risks [3][4]. 5. Impact and Accounting Treatment - The foreign exchange hedging activities are expected to enhance the company's operational stability by preventing adverse effects from significant exchange rate fluctuations on its performance and shareholder equity [4]. - The company will follow relevant accounting standards for the financial reporting of the hedging activities [4]. 6. Review Procedures - The board of directors has reviewed and approved the proposal for foreign exchange hedging activities, ensuring compliance with legal regulations and protecting the interests of the company and its shareholders [5]. 7. Sponsor's Verification Opinion - The sponsor believes that the foreign exchange hedging activities are necessary for risk mitigation and that the company has developed a management system and risk response measures that are effective [5][6].

Core Viewpoint - The company, Taihe Intelligent, has shown positive financial performance in its mid-year report for 2025, with significant increases in revenue and net profit, despite a slight decline in stock price recently [1][3][4]. Group 1: Stock Performance - As of August 22, 2025, Taihe Intelligent's stock closed at 19.45 yuan, down 0.82% from the previous week [1]. - The stock reached a high of 19.76 yuan and a low of 19.33 yuan during the week [1]. - The company's current market capitalization is 3.567 billion yuan, ranking 126th in the specialized equipment sector and 4164th in the A-share market [1]. Group 2: Shareholder Changes - As of June 30, 2025, the number of shareholders decreased to 15,400, a reduction of 1,394 or 8.31% from March 31, 2025 [2][7]. - The average number of shares held per shareholder increased from 10,900 to 11,900, with an average holding value of 220,000 yuan [2]. Group 3: Financial Performance - For the first half of 2025, Taihe Intelligent reported a main revenue of 249 million yuan, a year-on-year increase of 10.92% [3][4]. - The net profit attributable to shareholders was 10.58 million yuan, up 61.24% year-on-year [3][4]. - The net profit excluding non-recurring items reached 11.37 million yuan, a staggering increase of 1322.49% [3][4]. - The second quarter of 2025 saw a main revenue of 144 million yuan, an 11.45% increase year-on-year, and a net profit of 8.49 million yuan, up 34.64% [3][4]. Group 4: Company Announcements - The board of directors approved the mid-year report and confirmed compliance with relevant regulations [5]. - The company plans to engage in foreign exchange hedging activities with a limit of up to 6 million USD for a period of 12 months, using its own funds [5][6]. - The board's decision on the foreign exchange hedging was made without requiring shareholder approval, and the company has established risk management measures for this activity [6].

Core Viewpoint - Xiamen Wanli Stone Co., Ltd. announced plans to conduct foreign exchange hedging to mitigate foreign exchange market risks and reduce exchange losses [1][2]. Summary by Relevant Sections Business Overview - Purpose of Transactions: The company aims to conduct foreign exchange hedging to lower the impact of exchange rate fluctuations on its operations and minimize exchange losses [1]. - Transaction Amount: The company and its subsidiaries plan to engage in transactions not exceeding $10 million or equivalent in other currencies, with the ability to roll over the amount within the approved limit [1]. - Types of Transactions: The hedging activities will include, but are not limited to, forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and interest rate swaps, focusing on actual foreign exchange risk hedging without speculative trading [1]. - Authorization and Duration: The board of directors has authorized the management to approve daily business plans and sign relevant contracts, with the finance department responsible for daily execution. The business limit is effective for 12 months from the board's approval [1]. - Funding Sources: The funding will come from the company's own funds or a certain proportion of bank credit, without involving raised funds [1]. Review Procedure - Approval Process: The proposal for foreign exchange hedging was approved at the 23rd meeting of the fifth board of directors on August 22, 2025. This business does not constitute a related party transaction and does not require shareholder meeting approval [2]. Risk Analysis - Exchange Rate Risk: Significant fluctuations in foreign exchange rates may lead to discrepancies between locked-in rates and actual rates at the time of foreign exchange payments, resulting in exchange losses [2]. - Internal Control Risk: The complexity and professional nature of the operations may lead to operational risks due to inadequate internal controls or personnel expertise [2]. - Payment Forecast Risk: Variations in customer or supplier orders may lead to inaccuracies in payment forecasts, resulting in exchange rate risks [2]. Risk Control Measures - The company has established a foreign exchange hedging management system outlining basic principles and approval authority. The finance department will manage the operations, with internal audits conducted quarterly or as needed [2]. - The hedging activities will strictly align with actual import and export operations, ensuring that the foreign currency amounts do not exceed the forecasted import and export volumes [2]. - The company will account for the foreign exchange hedging activities according to relevant accounting standards [2].

Core Viewpoint - Jingrui Electronic Materials Co., Ltd. has approved a proposal to engage in foreign exchange derivative trading to mitigate risks associated with currency fluctuations [1][4]. Group 1: Trading Basic Information - The company and its subsidiaries are involved in foreign currency settlements for raw material imports and product exports, primarily in USD, JPY, and HKD [2]. - The maximum contract value held on any trading day is expected to not exceed $6.5 million, with a maximum margin and premium limit of $650,000 [2]. - The trading period is set for 12 months following the board's approval, with the ability to roll over the usage of the limit [2]. - The trading will involve various instruments, including forward foreign exchange contracts, swaps, options, and interest rate derivatives [2]. Group 2: Risk Analysis and Control - The company acknowledges several risks associated with foreign exchange derivative trading, including market risk, liquidity risk, credit risk, policy risk, operational risk, and forecasting risk [3]. - To mitigate these risks, the company has implemented strict management protocols, including prohibiting speculative trading, collaborating with qualified financial institutions, and continuous monitoring of price changes [4]. - The board and supervisory committee have approved the trading activities, emphasizing that they align with the company's operational needs and do not harm shareholder interests [4].

Core Viewpoint - The company intends to conduct foreign exchange hedging activities to mitigate foreign exchange market risks and protect its operating performance from significant currency fluctuations [2][3][6]. Business Overview - The company has a high proportion of export business, with a significant portion settled in RMB and some in USD. The hedging activities will involve a maximum of 80 million RMB or equivalent foreign currency, with a margin not exceeding 6 million RMB or equivalent foreign currency [2][3]. - The hedging transactions will include forward foreign exchange settlements and foreign exchange swaps, with a focus on risk management rather than speculative trading [2][4]. Approval Process - The foreign exchange hedging business was approved during the company's board and supervisory meetings on August 22, 2025, and does not constitute a related party transaction [3][6]. Risk Analysis - The company acknowledges potential risks associated with exchange rate fluctuations, internal control weaknesses, counterparty selection, and legal compliance. However, it emphasizes that all counterparties will be reputable financial institutions, minimizing performance risk [3][4]. Risk Control Measures - The company has established a management system for foreign exchange hedging, outlining operational principles and approval authority, ensuring adherence to hedging principles and monitoring business processes [4]. Accounting Principles - The company will account for and disclose foreign exchange hedging activities in accordance with relevant accounting standards and guidelines [5]. Feasibility Analysis Conclusion - The high export business ratio justifies the need for foreign exchange hedging to reduce expected risks and foreign exchange losses, aligning with the company's prudent operational requirements. The supervisory board supports the decision, confirming that it does not harm shareholder interests [6].

Core Viewpoint - Jiahe Food Industrial Co., Ltd. has announced an adjustment to its foreign exchange hedging business limits to address the increasing foreign exchange receipts from its overseas operations [1][2]. Adjustment Background and Review Process - The adjustment is necessitated by the growing foreign exchange receipts due to the company's expanding overseas business, which has rendered the existing hedging limits insufficient for daily operational needs [2]. - The board of directors convened on April 24, 2025, to review and approve the relevant proposals for the foreign exchange hedging business [2]. - On August 21, 2025, the board held a subsequent meeting to approve the adjustment of the hedging limits and the feasibility analysis report, allowing the company and its subsidiaries to adjust the hedging limits based on actual operational needs [2]. Post-Adjustment Business Situation - The trading methods and venues include forward foreign exchange contracts, foreign exchange options, foreign exchange swaps, and foreign exchange mutual swaps, with transactions conducted through qualified financial institutions [3]. - The maximum contract value held on any trading day will not exceed 50 million USD (or equivalent foreign currency), with a maximum margin and premium of 3.5 million USD (or equivalent foreign currency) [3]. - The funding for these transactions will come from the company's own funds, and the authorization for these activities is valid until April 23, 2026 [3]. Risk and Control Measures - The company has established a management system for financial derivatives trading to mitigate risks, including market risk, operational risk, and bank default risk [4]. - Transactions will only be conducted with qualified financial institutions, and operations will be based on foreign exchange income and expenditure budgets, with regular audits by the internal audit department [4]. Impact on the Company - Engaging in foreign exchange hedging will enhance the company's ability to manage foreign exchange volatility risks, protecting profits and shareholder equity from adverse impacts [5]. - The company will adhere to relevant accounting standards for accounting and disclosure related to these hedging activities [5].