Group 1 - The company reported a revenue of 24.945 billion RMB and a net profit of -0.492 billion RMB for the first half of 2025, with a gross margin of 10.02% [5][6][41] - The global display industry is facing intensified competition, leading to a decline in product prices while core material costs remain stable, putting pressure on the company's gross margin [5][6] - The company aims to strengthen its market position through increased marketing investments and optimization of overseas channels to cope with uncertainties in trade policies [5][7] Group 2 - In the display segment, the company sold 19.51 million units, a year-on-year increase of 2.04%, but revenue decreased by 0.74% to 15.699 billion RMB due to price pressures [5][6] - The television segment saw a decline in sales volume by 2.66% to 4.76 million units, with revenue dropping by 21.62% to 7.154 billion RMB, attributed to high channel inventory and competitive pricing [6][7] - The company plans to focus on large-size and new display technologies to enhance its product offerings and address consumer price sensitivity [6][7] Group 3 - The company has proposed to continue its daily related transactions with its actual controller, China Electronics, and its subsidiaries, with expected procurement transactions not exceeding 138.24 million RMB [22][23] - The company has also approved an increase in the expected procurement amount to 212.10 million RMB for the year, reflecting increased customer demand [23][52] - The company has established stable cooperative relationships with its related parties, which are expected to enhance product sales and operational efficiency [32][53] Group 4 - The company has engaged in foreign exchange hedging to manage currency risk, with a total hedging limit of 3.2 billion USD approved for the year [36][38] - As of June 30, 2025, the company reported a cumulative loss of approximately 187.94 million RMB from its foreign exchange hedging activities [38] - The hedging activities are intended to mitigate risks associated with foreign currency transactions and will not affect the company's cash flow or normal operations [38] Group 5 - The company has recognized an asset impairment provision totaling 183.99 million RMB for the first half of 2025, reflecting a cautious accounting approach [40][41] - The impairment includes a credit loss provision of -1.01 million RMB and a stock price decline provision of 185.01 million RMB due to market demand and price changes [41][43] - The recognition of these provisions aims to provide a more accurate reflection of the company's financial status and asset values [41][45]

Group 1 - The company, Zhuhai Free Trade Zone Group, announced the approval of a foreign exchange hedging business with a limit not exceeding 300 million RMB or equivalent foreign currency [2] - The board meeting held on August 14, 2025, resulted in a unanimous decision to proceed with the hedging business, with 7 votes in favor and no votes against or abstentions [2] - The authorized period for the hedging activities is valid for 12 months from the date of board approval, and the limit can be reused within this timeframe [2]

General Principles - The foreign exchange hedging management system is established to standardize the foreign exchange hedging business of the company and effectively prevent and mitigate risks [1] - The system applies to the company and its controlling subsidiaries, with the latter's hedging activities managed uniformly by the company [1][2] - The primary purpose of the foreign exchange hedging business is to avoid and mitigate exchange rate risks, aligning with the company's actual business operations [1][2] Operational Regulations - The foreign exchange hedging business must be conducted using the company's accounts and cannot involve third-party accounts [2] - Transactions are only permitted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The company must have sufficient self-owned funds for hedging activities and cannot use raised funds for these purposes [2] Approval and Limits - The limits for foreign exchange hedging activities are determined by the company's board of directors or shareholders [3] - The types of hedging business include spot/forward foreign exchange transactions, foreign exchange swaps, options, and interest rate swaps, with any new types requiring board approval [3] Management and Internal Processes - Responsibilities for the foreign exchange hedging business include formulation, funding, operations, and daily management [4] - The internal process involves analyzing exchange rate trends, assessing hedging needs, and submitting applications for approval [4] - All personnel involved in hedging must adhere to confidentiality protocols regarding the business's details [4] Risk Reporting and Handling - The funds management department must settle with financial institutions based on the terms of the hedging contracts [4] - In cases of significant exchange rate fluctuations, the funds management department must analyze the situation and report to relevant parties [4] - If hedging losses reach or exceed 10% of the company's audited net profit attributable to shareholders or 10 million RMB, the finance department must report to the chairman and board [4] Miscellaneous - Any matters not covered by this system will follow national laws and regulations as well as the company's articles of association [5] - The board of directors holds the interpretation rights of this system, which takes effect upon approval [5]

一、董事会会议召开情况 证券代码：600185 股票简称：珠免集团 编号：临 2025-046 债券代码：250772 债券简称：23 格地 01 珠海珠免集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本议案在提交董事会前已经公司第八届董事会审计委员会第十四次会议审 议通过。 珠海珠免集团股份有限公司（以下简称"公司"）第八届董事会第三十七次 会议于 2025 年 8 月 14 日以通讯表决方式召开，会议通知于 2025 年 8 月 8 日以 电子邮件方式发出。本次会议由公司董事长李向东先生主持，会议应出席董事 7 人，实际参加表决董事 7 人。本次会议的召集、召开符合《中华人民共和国公司 法》及公司《章程》规定。 特此公告。 二、董事会会议审议情况 （一）审议通过《关于开展外汇套期保值业务的议案》； 表决情况：同意票 7 票，反对票 0 票，弃权票 0 票。 为有效规避和降低汇率波动风险，董事会同意公司及下属子公司开展外汇套 期保值业务，总额不超过 3 亿元人民币或等值外币，期限自董事会审议通过之日 ...

Summary of Key Points Core Viewpoint - The company plans to conduct foreign exchange hedging activities with a total limit not exceeding 300 million RMB or equivalent foreign currency to mitigate risks associated with foreign exchange market volatility and enhance financial stability [2][4]. Group 1: Overview of Hedging Activities - The purpose of the hedging activities is to effectively avoid risks from foreign exchange market fluctuations, improve the efficiency of foreign currency usage, and reduce financial costs [2][3]. - The total amount for the hedging activities is capped at 300 million RMB or equivalent foreign currency, applicable to the company and its subsidiaries combined [2][3]. - The types of transactions include forward foreign exchange settlement, currency swaps, foreign exchange options, and interest rate swaps, focusing solely on hedging actual foreign exchange risks [2][3]. Group 2: Transaction Details - The hedging activities will be limited to currencies relevant to the company's operations, such as Japanese Yen and US Dollar [3]. - The validity period for the hedging limit is 12 months from the date of board approval, with the limit being reusable within this timeframe [3]. - Transactions will be conducted with qualified financial institutions, including large state-owned banks and foreign banks, to ensure safety and reduce transaction risks [3]. Group 3: Approval Process - The proposal for the hedging activities was approved by the company's board of directors with unanimous support during the 37th meeting of the 8th board [4]. - The board has authorized the management team to handle specific operations related to the hedging activities, including margin payments and signing relevant legal documents [4]. Group 4: Risk Management and Impact - The core of the hedging strategy is to counteract exchange rate fluctuations, with potential risks including liquidity risk and counterparty default [5]. - The company has established a management framework for the hedging activities, detailing operational principles, approval authority, and risk management processes to control transaction risks [5]. - The anticipated hedging activities are expected to stabilize operations and enhance financial robustness without significantly adverse effects on the company's business [5][6].

珠海珠免集团股份有限公司 一、开展外汇套期保值业务的目的 随着珠海珠免集团股份有限公司（以下简称"公司"）整体发展战略的持续 推进，对跨境资产配置及外币融资等业务需求同步提升。当前，国际外汇市场波 动性持续增强，汇率双向波动的频率与幅度均呈上升趋势，为有效规避外汇市场 的风险，防范汇率大幅波动对公司及下属子公司造成不利影响，进一步提高外汇 资金的使用效率，合理降低财务费用，增强公司整体财务状况的稳健性，公司及 下属子公司拟在遵循稳健经营原则的前提下，与具备外汇交易业务经营资质的银 行等金融机构开展外汇套期保值业务。 二、开展外汇套期保值业务的基本情况 （一）交易额度 公司及下属子公司拟开展套期保值业务规模总额不超过 3 亿元人民币或等 值外币，额度可循环使用。上述额度为公司及下属子公司合计总额度，且预计任 一交易日持有的最高合约价值不超过人民币 3 亿元或等值其他货币。 （二）交易品种 外汇套期保值业务只限于公司生产经营及融资过程中使用的币种，包括但不 限于日元、美元等跟实际业务相关的币种。 （四）交易期限 额度有效期为自公司董事会审议通过之日起 12 个月内，该额度可循环使用。 （五）交易对方与场所 为保障 ...

Group 1 - The core purpose of the foreign exchange derivatives trading is to enhance the company's ability to manage foreign exchange market risks and to mitigate the adverse effects of exchange rate fluctuations on its operating performance [1][2] - The company plans to conduct foreign exchange hedging transactions with a maximum amount of 1 billion RMB or equivalent foreign currency within a 12-month period starting from the board resolution date [1][3] - The funding for these transactions will primarily come from the company's own funds, and will not involve the use of raised funds [1][2] Group 2 - The company has established a comprehensive internal control system for foreign exchange forward and spot trading, along with practical risk response measures to effectively control related risks [2][3] - The board of directors and supervisory board approved the proposal for foreign exchange derivatives hedging transactions on August 13, 2025, and these transactions do not involve related party transactions and do not require shareholder approval [2][3][6] - The company will adhere to legal, prudent, safe, and effective principles in conducting foreign exchange derivatives trading, avoiding speculative and arbitrage transactions [4][6] Group 3 - The foreign exchange hedging business aims to effectively mitigate risks from foreign exchange market fluctuations, thereby improving the efficiency of foreign exchange fund utilization and reducing financial costs [4][5] - The company will follow relevant accounting standards for financial instruments and hedge accounting when processing the accounting treatment for the foreign exchange hedging business [5][6] - The sponsor institution has confirmed that the company's foreign exchange derivatives hedging transactions comply with relevant laws and regulations, and have undergone necessary legal procedures [6]

Core Viewpoint - The company, Nanjing Maolai Optical Technology Co., Ltd., plans to conduct foreign exchange derivative hedging transactions to mitigate foreign exchange risk associated with its overseas business operations, primarily settled in USD, EUR, and GBP [1][2]. Summary by Sections Basic Situation of Foreign Exchange Derivative Hedging Transactions - The purpose of the transactions is to enhance the company's ability to manage foreign exchange market risks and to prevent adverse impacts on its operating performance due to exchange rate fluctuations [1]. - The total amount for the foreign exchange derivative hedging transactions in 2025 is not to exceed 100 million RMB or equivalent foreign currency, with the ability to roll over within 12 months from the date of resolution approval [2]. - The funding source for these transactions will primarily be the company's own funds, without involving raised funds [2]. - The company will utilize simple and transparent derivative instruments such as foreign exchange forwards, options, and swaps, adhering to hedging principles and risk-neutral management [2]. - The effective period for these transactions is 12 months from the board meeting approval [2]. Risk Analysis of Foreign Exchange Derivative Transactions - The company acknowledges potential risks including unforeseen changes in domestic and international economic conditions, counterparty defaults, overdue receivables, and operational errors due to the complexity of foreign exchange derivative transactions [3][4]. Risk Control Measures - The company has established clear internal control systems, including defined responsibilities and risk reporting mechanisms, to manage the foreign exchange hedging activities [4]. Impact and Accounting Treatment of Foreign Exchange Derivative Hedging Transactions - Engaging in foreign exchange hedging is aimed at effectively mitigating risks from foreign exchange market volatility, improving the efficiency of foreign currency usage, and reducing financial costs [4]. - The company will follow relevant accounting standards for financial instruments and hedge accounting to process and disclose the hedging activities in its financial reports [4]. Review Procedures and Opinions - The board of directors and the supervisory board have approved the proposal for foreign exchange derivative hedging transactions, affirming that it will not harm the interests of the company or its shareholders [5]. - The sponsor institution has verified that the proposed hedging activities comply with legal regulations and internal control measures, supporting the company's risk management strategy [5][6].

Core Viewpoint - The company, Juguang Technology, announced its plan to engage in foreign exchange hedging activities using temporarily idle self-owned funds, with a maximum contract value not exceeding 50 million RMB equivalent on any trading day [1] Group 1: Company Announcement - On August 13, the company held its 13th meeting of the 4th Board of Directors to approve the proposal for foreign exchange hedging business [1] - The hedging activities will include forward, swap, and option products related to daily operations [1] - The hedging business is expected to be based on the company's foreign exchange risk exposure by the end of 2024, export sales, foreign currency loans, and foreign currency settlement and exchange amounts [1] Group 2: Financial Details - The maximum contract value for the foreign exchange hedging business is set at 50 million RMB equivalent, with a validity period of no more than 12 months from the date of board approval [1] - Within the specified usage period and limit, the company will not need to report to the board for further approvals or issue board resolutions for individual financial institutions [1] - Funds can be used in a rolling manner during the hedging activities [1]

北京挖金客信息科技股份有限公司 外汇套期保值业务管理制度 第一章 总则 第一条 为规范北京挖金客信息科技股份有限公司（以下简称"公司"）及合 并报表范围内子公司（以下统称"子公司"）的外汇套期保值业务及相关信息披 露工作，加强对外汇套期保值业务的管理，防范投资风险，健全和完善公司外 汇套期保值业务管理机制，确保公司资产安全，根据《中华人民共和国公司法》 《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》《上市公司 信息披露管理办法》《深圳证券交易所上市公司自律监管指引第2号—创业板上 市公司规范运作》及《北京挖金客信息科技股份有限公司章程》（以下简称"《 公司章程》"）等有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称的外汇套期保值交易是指为满足公司正常生产经营需要， 在银行及金融机构办理的用于规避和防范外汇汇率或外汇利率风险的外汇套期 保值业务，主要包括但不限于：远期结售汇、外汇掉期、外汇期权、利率互换、 货币互换、利率掉期、利率期权或上述产品的组合。 第三条 本制度适用于公司及合并报表范围内子公司的外汇套期保值业务。 公司及子公司开展外汇套期保值业务，应当参照本制度相关规定，履行相关 ...