Core Viewpoint - Shenzhen Jintuo Automation Equipment Co., Ltd. has approved a series of important resolutions during its board meeting, focusing on foreign exchange derivative hedging to manage currency risk as the company expands its international market presence [2]. Group 1: Board Meeting Details - The sixth board meeting was held on August 29, 2025, with all seven directors present, confirming compliance with relevant regulations [1]. - The meeting was chaired by Chairman Wu Siyuan, and all senior management attended [1]. Group 2: Resolutions Passed - The board approved the initiation of foreign exchange derivative hedging transactions, with a total limit not exceeding $30 million (or equivalent in RMB) for a period of 12 months [2]. - The maximum peak margin for these transactions shall not exceed 50% of the company's most recent audited net profit [2]. - The board authorized the general manager to approve and sign relevant agreements within the specified limits, with the finance department responsible for execution [2]. Group 3: Management and Oversight - The independent directors and the audit committee unanimously supported the hedging proposal, with all votes in favor [2]. - A management system for foreign exchange hedging will be established to enhance risk management and ensure asset security [2].

Core Viewpoint - The document outlines the foreign exchange derivative hedging management system of Hanhigh Group Co., Ltd, aimed at regulating and guiding the company's foreign exchange derivative hedging activities to effectively prevent and control foreign exchange rate risks [2][3]. Group 1: General Principles - The purpose of the system is to standardize the foreign exchange derivative hedging business and strengthen management in accordance with relevant laws and regulations [2]. - The foreign exchange derivative hedging business includes various products such as forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, and interest rate options [2][3]. - The system applies to both the company and its subsidiaries, treating their hedging activities as those of the company itself [2]. Group 2: Operational Regulations - The company must adhere to prudent and stable risk management principles, ensuring that all hedging activities are based on daily operational needs and do not involve speculative trading [3]. - Transactions are only permitted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China, and the hedging amount must not exceed the limits approved by the board of directors or shareholders [3][4]. - Hedging contracts must align with the company's foreign exchange income and expenditure forecasts, ensuring that the foreign currency amounts do not exceed the predicted amounts [3][4]. Group 3: Approval Authority - A feasibility analysis report must be prepared and submitted to the board of directors for approval before engaging in foreign exchange derivative hedging activities [5]. - Certain transactions, such as those involving significant amounts or not intended for hedging purposes, require additional approval from the shareholders' meeting [5]. - The company can estimate the scope, amount, and duration of hedging transactions for up to twelve months in advance, subject to board approval [5]. Group 4: Management and Internal Procedures - The management team is authorized by the board or shareholders to oversee the foreign exchange derivative hedging business, including research and approval of specific operational plans [6]. - Relevant departments are responsible for providing necessary information, planning, and tracking the execution of hedging activities [6]. - The internal audit department supervises compliance with the risk management procedures and reports any violations to the board [6][7]. Group 5: Information Disclosure - The company must disclose information regarding foreign exchange derivative hedging activities promptly after board approval [8]. - If losses from hedging activities reach 10% of the company's most recent audited net profit, timely disclosure is required, along with an evaluation of the effectiveness of the hedging relationship [9]. Group 6: Miscellaneous - Any matters not covered by this system will be governed by relevant national laws and regulations [10]. - The board holds the rights to interpret and amend this system, which takes effect upon board approval [10].

Core Viewpoint - Zhejiang Southeast Steel Structure Co., Ltd. plans to conduct foreign exchange derivative hedging business to mitigate foreign exchange risk associated with its expanding overseas operations, with a transaction amount not exceeding 80 million USD or equivalent foreign currency, and a duration of 12 months [1][2][4]. Trading Information Summary - As of August 20, 2025, the stock price of Southeast Steel Structure closed at 4.4 CNY, up 0.92%, with a turnover rate of 1.11%, trading volume of 115,800 shares, and a transaction amount of 50.58 million CNY [1]. - On the same day, the fund flow showed a net outflow of 1.019 million CNY from main funds, a net outflow of 1.2928 million CNY from speculative funds, and a net inflow of 2.3118 million CNY from retail investors [1][2]. Company Announcements Summary - The 25th meeting of the 8th Board of Directors approved the proposal to conduct foreign exchange derivative hedging business and the establishment of the "Foreign Exchange Derivative Trading Management System" [1][2]. - The 18th meeting of the 8th Supervisory Board also approved the proposal for foreign exchange derivative hedging business, affirming that it aligns with the company's operational needs and does not harm the interests of the company and its shareholders [1][2]. Feasibility Analysis of Foreign Exchange Derivative Hedging Business - The company plans to engage in foreign exchange derivative transactions, including forwards, swaps, and options, with a maximum transaction amount of 80 million USD or equivalent foreign currency, aimed at mitigating foreign exchange risks without engaging in speculation or arbitrage [2][4]. - The funding for this business will come from the company's own funds, and the company has established a management system to outline operational principles, approval authority, management processes, and risk control measures [2][3]. Foreign Exchange Derivative Trading Management System - The management system is designed to regulate the company's foreign exchange derivative trading activities and prevent and control exchange rate risks, applicable to the company and its subsidiaries [3]. - The trading activities are limited to transactions with qualified financial institutions, and the company must adhere to strict internal controls and confidentiality obligations [3]. Verification Opinion from Kaiyuan Securities - Kaiyuan Securities, as the sponsor for the company's convertible bond issuance, conducted a review of the foreign exchange derivative hedging business and concluded that it would help mitigate foreign exchange market risks and enhance financial stability, complying with relevant regulations [4].

Core Viewpoint - The company has approved a plan to engage in foreign exchange derivative hedging to mitigate risks associated with currency fluctuations, enhancing financial stability while ensuring that core business operations remain unaffected [3][12][25]. Group 1: Board Meeting Details - The company's 25th meeting of the 8th Board of Directors was held on August 19, 2025, with all 9 directors present, confirming the legality and validity of the meeting [2][3]. - The board unanimously approved the proposal for foreign exchange derivative hedging with a vote of 9 in favor, 0 against, and 0 abstentions [3][4]. Group 2: Foreign Exchange Derivative Hedging Proposal - The company plans to conduct foreign exchange derivative hedging with a maximum transaction amount of up to $80 million or equivalent foreign currency, which can be rolled over within a 12-month period [3][12][15]. - The hedging activities are aimed at preventing adverse impacts from foreign currency exchange rate fluctuations and enhancing the company's financial resilience [12][14]. Group 3: Monitoring and Risk Management - The company has established a comprehensive risk management framework to monitor foreign exchange market conditions and adjust strategies accordingly to minimize potential losses [22]. - The financial department will oversee all foreign exchange derivative transactions, ensuring they are based on actual business needs and not speculative in nature [22][23]. Group 4: Compliance and Approval Process - The proposal for foreign exchange derivative hedging was reviewed and approved by both the Board of Directors and the Supervisory Board, confirming compliance with relevant laws and regulations [19][20][25]. - The company has developed a specific management system for foreign exchange derivative transactions to ensure adherence to regulatory requirements and internal controls [4][25].

Group 1 - The company, Southeast Network Framework, announced plans to engage in foreign exchange derivative hedging business with banks and financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The maximum trading amount at any point during the approval period will not exceed 80 million USD or its equivalent in foreign currency, with the trading quota being reusable within the investment period [2] - The highest contract value at any given time will not exceed the aforementioned limit [2]

Core Viewpoint - The company, Maolai Optical, has made significant decisions regarding its financial management and operational strategies, including the use of idle funds for wealth management and the initiation of foreign exchange hedging activities. Group 1: Stock Performance - As of August 15, 2025, Maolai Optical's stock closed at 353.44 yuan, reflecting a 5.66% increase from the previous week's closing price of 334.52 yuan [1] - The stock reached a weekly high of 361.99 yuan on August 14 and a low of 321.28 yuan on August 12 [1] - The company's current total market capitalization is 18.662 billion yuan, ranking 12th out of 92 in the optical and optoelectronic sector and 973rd out of 5,152 in the A-share market [1] Group 2: Board and Supervisory Decisions - The fourth board of directors held its 13th meeting on August 13, 2025, where several key resolutions were passed, including the use of idle funds for wealth management and the initiation of foreign exchange hedging transactions [1][2] - The supervisory board also convened on the same day, approving similar resolutions regarding the use of idle funds and foreign exchange hedging, emphasizing the benefits of these actions for the company's financial stability [2] - A notice was issued for the second extraordinary shareholders' meeting of 2025, scheduled for September 12, 2025, to discuss the use of excess funds and the reappointment of the auditing firm [2] Group 3: Financial Management Initiatives - The company plans to use up to 100 million yuan of its idle funds for wealth management, focusing on low-risk, high-liquidity investment products [3] - A proposal was made to use 12.3 million yuan of excess funds to permanently supplement working capital, which constitutes 29.90% of the total excess funds [5] - The company intends to engage in foreign exchange hedging transactions with a limit of 100 million yuan, using its own funds and not involving speculative activities [3]

证券代码：688502 证券简称：茂莱光学 公告编号：2025-060 南京茂莱光学科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、交易情况概述 （一）交易目的 茂莱光学海外业务经营主要以美元、欧元、英镑等外币进行结算。为了提高 公司应对外汇市场风险的能力，规避和防范外汇汇率波动风险对公司经营业绩造 成的不利影响，增强公司财务稳健性，茂莱光学（包括境内外全资、控股子公司） 拟开展外汇衍生品交易业务。本次交易以规避和防范汇率风险为目的，不进行投 机和套利交易。 （二）交易金额 公司（包括境内外全资、控股子公司，下同）2025 年度拟开展的外汇衍生 产品套期保值交易业务的金额不超过 1 亿元人民币或其他等值外币货币，在决议 通过之日起 12 个月内可以滚动使用。如需保证金，保证金为公司自有资金。有 效期内任一时点的交易金额（含前述交易的收益进行再交易的相关金额）不超过 前述最高额度。 （三）资金来源 交易的资金来源主要系公司及下属子公司自有资金，不涉及募集资金的使用。 （四）交易方式 公司 ...

Core Viewpoint - Maolai Optics announced the approval of a proposal to engage in foreign exchange derivative hedging transactions to mitigate foreign exchange market risks and enhance financial stability [1] Group 1: Company Actions - The company plans to conduct foreign exchange derivative hedging transactions with banks and financial institutions in 2025, with a total amount not exceeding 100 million RMB or equivalent foreign currency [1] - The funding for these transactions will come from the company's own funds, and it will not involve fundraising or speculative trading for profit [1] - The approved limit for these transactions will be valid for 12 months from the date of the board resolution, allowing for the funds to be used in a rolling manner within the specified limit [1]

Core Viewpoint - The company intends to conduct foreign exchange derivative hedging to mitigate risks associated with currency fluctuations, primarily due to its significant overseas sales revenue denominated in USD [1][2]. Transaction Overview - The company has a high proportion of overseas sales revenue, primarily settled in USD, making it vulnerable to foreign exchange market volatility [1]. - The maximum balance for foreign exchange derivative hedging will not exceed 800 million USD, with the ability to roll over this amount within the specified period [2]. - The company plans to engage with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China for these transactions [2]. - The investment period for these transactions is set for 12 months from the date of approval by the shareholders' meeting [2]. - The funding for these hedging activities will come from the company's own funds, without involving raised capital [3]. Risk Analysis and Control Measures - The company aims to lock in exchange and interest rate risks without engaging in speculative trading, although some market risks remain [3]. - The company has established relationships with compliant financial institutions to minimize performance risk [3]. - The company has implemented clear operational principles, approval authority, internal processes, and risk control measures to manage transaction risks effectively [4]. Impact on the Company - The proposed foreign exchange derivative transactions are closely related to the company's operations and are expected to enhance its ability to manage foreign exchange risk, thereby improving financial stability [5]. Approval Process and Opinions - The board of directors and the supervisory board have approved the proposal for foreign exchange derivative hedging, which will be submitted to the shareholders' meeting for final approval [5]. - The supervisory board believes that the hedging activities align with the company's operational needs and will effectively mitigate currency fluctuation risks, protecting the interests of all shareholders [5]. - The sponsoring institution has confirmed that the proposal complies with relevant regulations and does not harm the interests of shareholders, particularly minority shareholders [6].