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]