Core Viewpoint - The document outlines the foreign exchange hedging management system of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd, aiming to standardize operations and mitigate foreign currency exchange risks through various hedging activities [1][2]. Group 1: General Principles - The foreign exchange hedging activities are defined as measures taken to avoid and mitigate exchange rate or interest rate risks, including but not limited to forward foreign exchange transactions, foreign exchange swaps, interest rate swaps, and foreign exchange options [1][2]. - The company is prohibited from engaging in foreign exchange transactions solely for profit, emphasizing that all activities must be based on normal business operations and aimed at risk mitigation [2][3]. - All foreign exchange hedging transactions must be conducted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2][3]. Group 2: Responsibilities and Approval Authority - The board of directors and the shareholders' meeting serve as the approval decision-making bodies for foreign exchange hedging activities, requiring a feasibility analysis report for transactions exceeding certain thresholds [4][5]. - The company must operate within the approved limits and cannot engage in transactions before obtaining necessary approvals [4][5]. Group 3: Internal Management and Procedures - The document specifies the internal operational processes for foreign exchange hedging, including planning, fund allocation, and daily management, with oversight from the audit department [5][6]. - In the event of significant exchange rate fluctuations, the finance department is responsible for timely analysis and reporting to senior management for appropriate action [6][7]. Group 4: Information Security Measures - All personnel involved in foreign exchange hedging must adhere to confidentiality protocols, ensuring that sensitive information regarding transactions and financial status is not disclosed without authorization [6][7]. Group 5: Risk Reporting and Management - The finance department must report any losses that exceed 10% of the company's audited net profit from the previous year, along with necessary remedial measures [7][8]. - The company is required to reassess the effectiveness of hedging relationships and disclose any discrepancies in expected outcomes [7][8].

Core Viewpoint - The company intends to conduct foreign exchange hedging activities to mitigate foreign exchange market risks and enhance the efficiency of foreign currency usage, ensuring that these activities are based on actual business needs and not speculative trading [2][5]. Summary by Sections Overview of Hedging Activities - The purpose of the hedging activities is to avoid adverse impacts from exchange rate fluctuations on the company's operational performance [2]. - The maximum transaction amount for the hedging activities will not exceed 300 million RMB or equivalent in other currencies at any given time [2]. - Funding for these activities will come from the company's own funds and other legally permitted sources, without involving raised funds [2]. - The hedging will involve currencies relevant to the company's actual business, including but not limited to USD, EUR, and JPY [2]. - The validity of the hedging limit is 12 months from the date of board approval, allowing for rolling usage within this period [2]. Review Procedures - The proposal for the hedging activities was approved by the company's board and supervisory committee, and it does not require shareholder approval as it is not classified as a related party transaction [3]. - The board has authorized the general manager and designated representatives to implement the hedging activities within the approved limits [3]. Risk Analysis and Control Measures - The company acknowledges potential risks associated with the hedging activities, including market risk, liquidity risk, operational risk, credit risk, and legal risk [4]. - To mitigate market risk, the company will enhance its analysis of exchange rates and adjust its operational strategies accordingly [4]. - For liquidity risk, the company will ensure that it has sufficient funds for settlement and will select simple, liquid hedging products [4]. - Operational risks will be managed through established procedures and dedicated personnel to ensure timely communication and compliance with protocols [4]. - Credit risk is minimized by dealing with reputable financial institutions with which the company has established long-term relationships [4]. - Legal risks will be addressed through training and establishing reporting systems for unusual situations [4]. Impact on the Company and Accounting Treatment - The hedging activities are expected to reduce foreign exchange market risks and enhance the company's financial stability [4]. - The company will follow relevant accounting standards for the recognition and measurement of financial instruments and will disclose the hedging activities accordingly [5]. - The final accounting treatment will be confirmed by the company's annual audit [5]. Sponsor's Opinion - The sponsor believes that the company's hedging activities are aligned with its business development needs and have undergone necessary approval processes [5].

Core Viewpoint - The document outlines the foreign exchange hedging management system of Guangdong Anda Intelligent Equipment Co., Ltd., aimed at regulating foreign exchange hedging activities, enhancing management, and mitigating foreign currency exchange risks [2][3]. Summary by Sections General Principles - The system is established to ensure the safety of the company's assets and is based on relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2]. - Foreign exchange hedging activities include various financial instruments such as forward foreign exchange contracts, foreign exchange swaps, and options, aimed at mitigating exchange rate or interest rate risks [2][3]. Operational Principles - The company must conduct hedging activities based on legitimate, prudent, safe, and effective principles, focusing on normal business operations and 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][5]. Approval and Authorization - The Board of Directors and the Shareholders' Meeting are responsible for approving foreign exchange hedging activities, with specific thresholds for reporting to the Shareholders' Meeting based on transaction values [6][7]. - The Chairman of the Board or the authorized CFO is responsible for the implementation and management of hedging activities [6][7]. Management and Internal Processes - The finance department is responsible for managing hedging activities, while the internal audit department supervises compliance [8]. - A clear internal process is established for monitoring currency exchange trends and executing hedging transactions [8][9]. Information Disclosure and Record Keeping - The company must disclose hedging activities according to regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [9][10]. - Documentation related to hedging activities must be maintained for ten years [9][10]. Miscellaneous - The system will be revised in accordance with future laws and regulations, ensuring compliance and adaptability [11].

Meeting Overview - The second meeting of the board of directors of Jiangsu Weidao Nano Technology Co., Ltd. was held on August 28, 2025, with all six directors present, ensuring compliance with relevant laws and regulations [1]. Financial Reporting - The board approved the 2025 semi-annual report and its summary, confirming the content's authenticity and completeness, which will be disclosed in designated media [2]. - The semi-annual report was not audited by an accounting firm [2]. Action Plans and Evaluations - The board approved the semi-annual evaluation report of the 2025 quality improvement and efficiency enhancement action plan, reflecting the implementation of specific measures in the first half of 2025 [3]. - The board also approved a special report on the storage and actual use of raised funds for the first half of 2025, ensuring compliance with relevant regulations [3]. Fund Management Adjustments - The board approved an adjustment to the amount of funds to be invested in the convertible bond fundraising projects, ensuring the smooth implementation of these projects without affecting the normal use of raised funds [4]. - A proposal to use up to RMB 800 million of temporarily idle raised funds for cash management was approved, allowing for investment in safe and liquid financial products [5]. Risk Management - The board approved the establishment of a foreign exchange hedging management system to enhance the company's ability to manage foreign exchange risks [6]. - A proposal to engage in foreign exchange hedging activities with banks and financial institutions was approved, with a maximum transaction amount of RMB 300 million or equivalent [7].

Core Points - The article outlines the foreign exchange hedging management system of Jiangsu Zhenjiang New Energy Equipment Co., Ltd, aimed at regulating hedging activities and mitigating risks associated with foreign exchange rate fluctuations [2][3][4] Summary by Sections General Principles - The system is applicable to the company and its subsidiaries, ensuring compliance with relevant laws and regulations while safeguarding company assets [2] - Foreign exchange hedging activities must be based on actual business needs and should not be conducted for speculative purposes [2][3] Operational Principles - The company is required to establish its own trading accounts for hedging and can only transact with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3] - Hedging transactions must align with the company's foreign currency receivables and payables forecasts, ensuring that the amounts do not exceed these forecasts [3][4] Approval Authority - The board of directors or shareholders' meeting determines the hedging limits, with specific approval processes based on the transaction amounts relative to the company's audited net assets [4][5] Internal Procedures - The finance department is responsible for feasibility analysis, planning, and execution of hedging transactions, while the audit department oversees compliance and performance [6][7] - Regular reporting and monitoring of hedging activities are mandated to ensure transparency and risk management [7][8] Confidentiality - All personnel involved in hedging activities must adhere to confidentiality obligations regarding the company's hedging strategies and financial information [13] Risk Reporting and Management - Significant market fluctuations or risks that could impact the company's financial performance must be reported immediately to management and the board [15][16] - The finance department is tasked with monitoring market conditions and making timely decisions to minimize potential losses [16] Information Disclosure - The company is required to disclose information regarding its hedging activities in accordance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [18][19]

Meeting Overview - The second meeting of the second supervisory board of Jiangsu Weidao Nano Technology Co., Ltd. was held on August 28, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [1][2]. Financial Reporting - The supervisory board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational management and financial status for the first half of 2025 [2][3]. Fund Management - The board reviewed and approved a special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and that the funds were stored and used appropriately [3][5]. - The board also approved an adjustment to the amount of raised funds allocated to investment projects, ensuring that this adjustment does not adversely affect the normal use of the funds or the interests of shareholders [5][6]. Cash Management - The company plans to use up to RMB 800 million of temporarily idle raised funds for cash management, investing in safe and liquid financial products while ensuring that this does not conflict with the investment plans [6][7]. Foreign Exchange Risk Management - The supervisory board approved the establishment of a foreign exchange hedging management system to mitigate foreign exchange market risks and authorized the company to engage in foreign exchange hedging activities with a maximum transaction amount of RMB 300 million or equivalent [7].

Core Viewpoint - The company, Shenzhen Ugreen Technology Co., Ltd., is planning to conduct foreign exchange hedging activities to mitigate risks associated with currency fluctuations due to its expanding overseas business [1][6]. Group 1: Purpose of Foreign Exchange Hedging - The primary objective of the foreign exchange hedging business is to effectively avoid foreign exchange market risks and enhance the company's ability to respond to currency fluctuations, thereby protecting the interests of the company and its shareholders [1][2]. Group 2: Basic Information on Foreign Exchange Hedging - The total amount for the foreign exchange hedging activities is not to exceed 190 million RMB (or equivalent foreign currency) [1][2]. - The hedging will involve various currencies, including but not limited to USD and EUR, and will utilize methods such as forward foreign exchange contracts and currency swaps [2]. - The authorization period for this hedging activity is valid for 12 months from the date of board approval, with the possibility of rolling over funds within the approved limits [2][3]. - The funding for these activities will come from the company's own funds, without involving raised funds or bank credit [2]. Group 3: Risk Analysis - The company acknowledges potential risks associated with foreign exchange hedging, including exchange rate volatility, internal control risks, and counterparty default risks [3][4]. - The company will not engage in speculative trading and will base all hedging activities on normal business operations [4]. Group 4: Risk Control Measures - The company will enhance its research and analysis of exchange rates and adjust its operational strategies accordingly [4]. - A financial derivatives trading management system has been established to regulate hedging operations and ensure compliance with internal procedures [4]. - The finance department will manage all foreign exchange hedging activities, ensuring they are grounded in actual business needs [4]. - The audit department will conduct regular reviews of the hedging operations and report findings to the board's audit committee [4]. Group 5: Accounting Policies - The company will follow relevant accounting standards for financial instruments and hedge accounting to process the foreign exchange hedging activities [5]. Group 6: Review Procedures and Opinions - The board of directors and the supervisory board have both approved the foreign exchange hedging activities, confirming their alignment with the company's operational needs and shareholder interests [6].

Core Viewpoint - Hangzhou Haoyue Nursing Products Co., Ltd. plans to conduct foreign exchange hedging transactions with domestic commercial banks to mitigate exchange rate fluctuation risks, with a maximum amount of up to $25 million [1] Summary by Sections Business Overview - The company and its subsidiaries intend to engage in foreign exchange hedging transactions with a maximum amount of $22 million or equivalent foreign currency, with a maximum margin and premium of 20 million RMB or equivalent foreign currency [1] - The funding for the hedging activities will come from the company's own funds, and will not involve raised funds [1] - The transactions will include various foreign exchange derivatives such as forward, swap, and option transactions, aimed at locking in exchange rate risks and costs [1] - The authorization for these transactions is valid for twelve months from the date of approval by the board of directors [1] Approval Process - The transaction requires approval from the board of directors and does not need to be submitted to the shareholders' meeting, nor does it involve related party transactions [2] Risk Analysis - The company acknowledges potential risks including exchange rate fluctuation risks, performance risks from financial institutions, and operational risks due to the complexity of the transactions [3] - A management system for foreign exchange hedging has been established to ensure compliance and to avoid speculative trading [3] Accounting and Supervisory Opinions - The company will account for and disclose the foreign exchange hedging activities according to relevant accounting standards [4] - The supervisory board supports the hedging activities, stating that they are beneficial for mitigating adverse effects from exchange rate fluctuations and that the decision-making process is legal and compliant [4]

Core Viewpoint - Shenzhen Luyuan Technology Co., Ltd. plans to conduct foreign exchange hedging to mitigate risks associated with currency fluctuations as its overseas business expands [1][2]. Group 1: Foreign Exchange Hedging Business Details - The total amount for the foreign exchange hedging business will not exceed 190 million RMB (or equivalent foreign currency) [2]. - The hedging will involve currencies used in the company's operations, including but not limited to USD and EUR [2]. - The types of transactions include spot/forward foreign exchange settlements, foreign exchange trading, RMB and foreign exchange swaps, and other related derivative products [2]. - Transactions will be conducted with banks and financial institutions approved by relevant government departments, excluding related parties [2]. - The validity period for the transactions is 12 months from the board's approval, with funds being able to be rolled over within the approved limits [2]. - The funding for this business will come from the company's own funds, not involving raised funds or bank credit [2]. Group 2: Risk Management Measures - The company acknowledges potential risks associated with the hedging business, including exchange rate fluctuations, internal control risks, and transaction default risks [3]. - To mitigate these risks, the company will enhance exchange rate research, establish management systems, and have unified management by the finance department, with regular audits by the auditing department [3]. - The hedging initiative aims to prevent adverse impacts from significant exchange rate fluctuations, enhancing financial stability without harming the interests of shareholders, particularly minority shareholders [3].

Group 1: Company Overview - Zhuolu Energy Company was established on November 29, 2024, with a registered capital of 2 million RMB and is wholly owned by Northern Holdings Company [1] - The company is located in Zhangjiakou City, Hebei Province, and its business scope includes power generation, transmission, and distribution, as well as renewable energy technology services [1] Group 2: Investment Project Details - The project involves the "Datong-Huailai-Tianjin South" UHV supporting wind power project, which plans to install 91 wind turbines with a capacity of 7.15 MW each and a total energy storage capacity of 400 MWh [2] - The total investment for the project is approximately 495.76 million RMB, with 99.15 million RMB sourced from internal funds and the remainder to be financed [2] Group 3: Board Approval and Financial Arrangements - The board approved the investment in the project, including an increase in Zhuolu Energy's registered capital to 99.15 million RMB through an additional investment of 98.95 million RMB from Northern Holdings [4] - Northern Holdings will also increase its own registered capital to 706.31 million RMB to facilitate this investment [4] Group 4: Strategic Importance and Impact - The investment aligns with the company's strategy to strengthen its renewable energy sector and enhance its influence in the Beijing-Tianjin-Hebei region [3] - The project aims to optimize the energy structure in the region, contributing to sustainable energy development [3] Group 5: Foreign Exchange Hedging Strategy - The company’s wholly-owned subsidiary in Hong Kong plans to use foreign exchange forward contracts for hedging against currency fluctuations, with a total hedging scale not exceeding 500 million USD [5][7] - The hedging activities are intended to mitigate risks associated with currency exchange rates, particularly in relation to the company's trading operations in coal and natural gas [6] Group 6: Risk Management Measures - The company has established internal control standards for foreign exchange hedging, ensuring that all transactions are based on actual business needs and avoiding speculative activities [13] - Risk control measures include selecting reputable financial institutions for hedging transactions and maintaining a liquidity buffer to manage potential funding gaps [15]