Group 1 - The company held the eighth meeting of the second supervisory board on August 26, 2025, and approved the proposal for forward foreign exchange settlement and sales for hedging purposes [1][2] - The supervisory board believes that the forward foreign exchange business is based on normal production and operation, aimed at avoiding and preventing exchange rate risks, and does not harm the interests of the company and its shareholders [1][2] - The company has prepared a feasibility analysis report that fully demonstrates the necessity and feasibility of conducting forward foreign exchange business [1][2] Group 2 - The independent directors reviewed and approved the proposal for forward foreign exchange business, stating that it aligns with the company's operational needs and does not harm shareholder interests [2][7] - The approved amount for the forward foreign exchange business is USD 9 million or its equivalent in RMB [2] Group 3 - The company acknowledges certain risks associated with the forward foreign exchange business, including internal control risks, operational risks, exchange rate fluctuation risks, performance risks, and customer default risks [3] - The company has established a management system for forward foreign exchange to control risks effectively [4][5] Group 4 - The company will account for the forward foreign exchange business according to relevant accounting standards, reflecting it in the balance sheet and income statement [6] Group 5 - The company plans to provide financial assistance to its wholly-owned subsidiary, Shenzhen Haibo Electronics Co., Ltd., totaling no more than RMB 120 million, to support its operations [44][45] - The financial assistance is intended to alleviate the financial pressure on Shenzhen Haibo and enhance its operational capabilities [46][60]