Core Viewpoint - Tianyuan Co., Ltd. announced the approval of a proposal to engage in foreign exchange derivative trading with a limit of up to 50 million USD for a duration of 12 months [2] Group 1: Company Announcement - The company will hold the 23rd meeting of the 9th Board of Directors on January 16, 2026, to review the proposal [2] - The types of foreign exchange derivative transactions include forward foreign exchange contracts, foreign exchange trading, foreign exchange options, currency swaps, and foreign exchange interest rate swaps, as well as combinations of these products [2]

Core Viewpoint - Zhangjiagang Haigang New Energy Equipment Co., Ltd. is actively engaging in strategic transactions to enhance its operational capabilities and mitigate financial risks, including the acquisition of land for project development and the initiation of foreign exchange derivative trading to manage currency risk. Group 1: Trading Information - As of January 15, 2026, the stock price of Haigang was 25.42 yuan, with a slight increase of 0.47% and a turnover rate of 2.45% [1] - The trading volume was 24,700 shares, with a total transaction value of 62.4514 million yuan [1] - On the same day, there was a net outflow of 443.96 thousand yuan from institutional investors and 467.62 thousand yuan from retail investors, while retail investors saw a net inflow of 911.58 thousand yuan [1] Group 2: Company Announcements - The fourth board meeting of Zhangjiagang Haigang approved the purchase of land use rights by its subsidiary, Suzhou Magtech, for 25,000 square meters at a price of 25.831899 million yuan, based on a third-party evaluation [3][4] - The land acquisition is intended for the construction of high-end components for flywheel energy storage projects, aligning with the company's strategic development needs [3][4] - The company plans to use up to 300 million yuan of its own funds for foreign exchange derivative trading to hedge against currency fluctuations, with a focus on forward foreign exchange contracts, swaps, and options [2][4] Group 3: Risk Management and Compliance - The company has established a management system for foreign exchange derivative trading to regulate operations and prevent speculative activities, ensuring that transactions are aimed at risk mitigation [4] - The board has authorized management to make decisions within the approved limits for the foreign exchange trading activities, which are valid for 12 months from the date of board approval [2][4] - The company emphasizes that the foreign exchange derivative transactions will not involve speculative trading and has implemented risk control measures [2][4] Group 4: Shareholder Activity - A major shareholder, Yulong Chuangtou, reduced its stake by 274,700 shares, representing 0.2632% of the total share capital, bringing its ownership down from 6.2600% to 5.9968% [5] - This reduction was part of a disclosed plan and did not result in a change of control or affect the company's governance structure [5]

Core Viewpoint - The company, Haigou Co., Ltd. (301063), is actively engaging in strategic financial maneuvers, including foreign exchange derivative trading and land acquisition for project development, while managing shareholder changes and capital flows. Trading Information Summary - On January 14, 2026, Haigou Co., Ltd. closed at 25.3 yuan, down 0.04%, with a turnover rate of 3.55%, trading volume of 35,600 shares, and a transaction value of 90.4169 million yuan [1]. - On the same day, the net outflow of main funds was 8.5755 million yuan, while retail investors showed a net inflow of 5.7648 million yuan [3]. Shareholder Changes Summary - Shareholder Yulong Technology Venture Capital Co., Ltd. reduced its holdings by 274,700 shares from November 14, 2025, to January 14, 2026, representing 0.2632% of the total share capital, decreasing its ownership from 6.2600% to 5.9968% [1][7]. Company Announcements Summary - The company’s board approved a proposal for its subsidiary, Suzhou Magtech, to purchase land use rights for 57,404.22 square meters in Zhangjiagang City for 25.831899 million yuan, aimed at developing high-end components for flywheel energy storage [2][3][4]. - The company plans to engage in foreign exchange derivative trading with a limit of 300 million yuan (or equivalent foreign currency) over the next 12 months, focusing on hedging against currency fluctuations and enhancing financial stability [2][5][6].

Core Viewpoint - Company plans to engage in foreign exchange derivative trading to mitigate foreign exchange market risks and enhance financial stability [2][3][4] Group 1: Trading Information - On December 29, 2025, the stock price of Skyworth Digital (000810) closed at 11.73 yuan, up 1.03%, with a turnover rate of 1.52% and a trading volume of 168,600 hands, amounting to a transaction value of 197 million yuan [1] - On the same day, the net inflow of main funds was 6.6886 million yuan, while retail investors experienced a net outflow of 10.5488 million yuan [1][5] Group 2: Company Announcements - The 13th meeting of the 12th Board of Directors of Skyworth Digital was held on December 29, 2025, where the proposal to conduct foreign exchange derivative trading was approved [1][3] - The company will use its own funds for the trading, with a maximum contract value of 1.5 billion yuan per trading day and a margin not exceeding 75 million yuan, valid for 12 months from the date of board approval [2][3][5] Group 3: Feasibility Analysis - The foreign exchange derivative trading aims to hedge against foreign exchange risks, involving instruments such as forward foreign exchange contracts, foreign exchange swaps, and foreign exchange options [2][3] - The trading counterparties will be qualified banks and financial institutions, and the company has established management systems to ensure that no speculative trading occurs [2][4] Group 4: Management System - A management system for foreign exchange derivative trading has been established to regulate trading activities, specifying operational principles, approval authority, internal processes, risk management, and information disclosure requirements [4] - The system emphasizes that trading should aim to mitigate exchange rate and interest rate risks, and prohibits the use of raised funds for trading [4]

Core Viewpoint - Zhongshun Jierou Paper Co., Ltd. plans to conduct foreign exchange derivative hedging transactions in 2026 to mitigate the impact of exchange rate fluctuations on its operating performance [1][2]. Group 1: Foreign Exchange Derivative Transactions - The company intends to use a maximum of $30 million for foreign exchange derivative transactions, which will be rolled over within 12 months after approval from the shareholders' meeting [2]. - The types of derivatives include but are not limited to forward foreign exchange contracts, structured forwards, foreign exchange swaps, and currency options [2]. - The transactions will be executed through financial institutions that are approved by regulatory authorities and have good credit ratings [2]. Group 2: Approval Process - The foreign exchange derivative transaction proposal has been approved by the company's board of directors and supervisory board, but it still requires final approval from the shareholders' meeting [3]. - The supervisory board believes that this business will enhance the company's ability to manage foreign exchange market risks and improve financial stability [3]. Group 3: Risk Management Measures - The company has established a comprehensive risk control mechanism for derivative trading, including pre-trade, in-trade, and post-trade risk management [4]. - Specific measures include prioritizing hedging over speculative trading, carefully selecting trading partners, and closely monitoring foreign exchange market dynamics [4]. Group 4: Financial Impact - Engaging in foreign exchange derivative trading is expected to stabilize the company's financial performance by locking in import raw material costs and mitigating adverse effects from significant exchange rate fluctuations [5]. - The company will adhere to accounting standards for this business, ensuring that related assets, liabilities, and profit or loss are accurately reflected in financial statements [5].

Core Viewpoint - The company intends to increase its foreign exchange derivatives trading limit to effectively hedge against foreign exchange market risks while supporting its operational needs, without engaging in speculative trading [1][2][5]. Group 1: Trading Overview - The purpose of the trading is to mitigate foreign exchange market risks and is based on normal production and operational needs [1]. - The types of foreign exchange derivatives to be traded include forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations, primarily involving USD and EUR [1]. - The total value limit for the foreign exchange derivatives contracts is proposed to be increased to $40 million or equivalent currencies, with a maximum contract value at any point not exceeding $40 million [2][3]. Group 2: Funding and Counterparties - The funding for the foreign exchange derivatives business will come from the company's own funds and will not involve raised capital [3]. - The trading counterparties will be commercial banks and financial institutions approved by regulatory authorities, with transactions conducted overseas to manage foreign exchange risks [3]. Group 3: Risk Analysis and Control Measures - The company acknowledges potential market risks associated with derivatives trading, including internal control weaknesses and operational risks [4]. - Risk control measures include strict adherence to internal regulations, professional training for staff, and regular audits by professional institutions [4]. Group 4: Impact on the Company - Engaging in foreign exchange derivatives trading is aimed at enhancing the company's ability to respond to foreign exchange fluctuations, thereby reducing financial costs and improving the efficiency of foreign currency usage [5]. Group 5: Approval Process - The company’s board approved the increase in the foreign exchange derivatives trading limit on August 27, 2025, and the matter will be submitted for shareholder approval [5]. Group 6: Sponsor's Review Opinion - The sponsor believes that the increase in the foreign exchange derivatives trading limit aligns with the company's operational needs and that appropriate risk management measures are in place [5][6].

Core Viewpoint - Great Wall Motor Co., Ltd. plans to engage in foreign exchange derivative trading to mitigate foreign exchange volatility risks and enhance financial stability [1] Group 1: Trading Details - The maximum contract value for foreign exchange derivative trading will not exceed RMB 20 billion or its equivalent in other currencies [1] - The expected margin and premium used will not exceed RMB 3.5 billion or its equivalent in other currencies at any point during the trading period [1] - The trading will include various instruments such as forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations [1] - The trading venues will be institutions with legal foreign exchange trading qualifications, and the company plans to conduct related business overseas [1] - The trading period will generally not exceed three years, matching the underlying transaction period [1] Group 2: Approval Process - The matter has been approved by the 41st meeting of the 8th Board of Directors and does not require submission to the shareholders' meeting [2] - The Board of Directors has authorized the Chief Financial Officer to exercise decision-making authority and sign relevant documents within the specified limits and duration [2] Group 3: Risk Analysis and Measures - Market risk exists due to potential differences between contract exchange rates and actual rates at maturity, which may lead to losses [3] - Liquidity risk may arise from unreasonable purchasing arrangements [3] - Counterparty risk is minimized as the company will only engage with financially sound institutions with which it has long-term business relationships [3] - The company will implement strict management systems for foreign exchange derivative trading, adhering to prudent and safe principles, and will not engage in speculative trading [3] - Regular audits and evaluations of derivative trading will be conducted by the internal audit department [3] Group 4: Accounting Treatment and Audit Opinion - The company will account for the foreign exchange derivative trading business according to relevant accounting standards [4] - The Audit Committee of the Board believes that this business is closely related to daily operational needs and can mitigate the impact of foreign exchange and interest rate fluctuations, thus it is reasonable and necessary [4]

Core Viewpoint - The company aims to enhance its ability to manage foreign exchange risk and improve financial stability by engaging in foreign exchange derivative transactions closely related to its main business [1][2][5] Summary by Relevant Sections Transaction Purpose - The company intends to mitigate foreign exchange rate fluctuations and enhance financial stability through foreign exchange derivative transactions, focusing on hedging rather than speculation [1][2] Transaction Types and Tools - The derivatives include but are not limited to forward foreign exchange contracts (including differential delivery), foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations [1][4] Transaction Amount, Margin, and Premium - The maximum contract value held at any point during the transaction period will not exceed RMB 20 billion or its equivalent in other currencies [1][2] - The expected margin and premiums utilized will not exceed RMB 3.5 billion or its equivalent in other currencies at any point during the transaction period [1][2] Funding Sources - The funding for the foreign exchange derivative transactions will primarily come from the company's own funds [3] Risk Analysis and Control Measures - The company will engage in transactions with reputable financial institutions to minimize credit risk and will implement strict risk management principles to avoid speculative trading [5][6] - The company has established a management system for foreign exchange derivative transactions and has taken effective risk control measures [5][6] Accounting Policies and Principles - The company will follow relevant accounting standards for the recognition and measurement of financial instruments in its foreign exchange derivative transactions [5] Board Committee Review Opinion - The board's audit committee supports the foreign exchange derivative transactions as they are closely related to daily operational needs and can mitigate the impact of exchange rate fluctuations on the company [5]

Core Viewpoint - Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. plans to increase its foreign exchange derivatives trading limit from $20 million to $40 million due to foreign exchange market fluctuations and an increase in foreign currency deposits [1][2]. Business Situation - The company initially set a total value limit of $20 million for foreign exchange derivatives contracts, which can be rolled over within 12 months from the date of shareholder meeting approval. As of June 30, 2025, the balance of foreign exchange derivatives trading was $19.35 million [2]. - After the increase, the maximum cumulative contract value at any point during the period from the first extraordinary general meeting in 2025 to December 1, 2025, will not exceed $40 million [2]. Business-Related Information - The purpose of the trading is to effectively hedge against foreign exchange market risks, aligning with funding management requirements and daily operational needs, without engaging in speculative trading for profit [3]. - The trading instruments include forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations, involving major currencies such as USD and EUR [3]. - The funding source will be the company's own funds, and the trading will be conducted with qualified domestic and international financial institutions [3]. - The board of directors will seek authorization from the shareholders' meeting for the chairman or authorized personnel to make decisions and sign relevant legal documents within the set limits [3]. Review Procedure - The company held its second board meeting on August 27, 2025, where the proposal to increase the foreign exchange derivatives trading limit was approved, pending shareholder meeting approval [4]. - The company has established a foreign exchange trading management system and implemented various risk control measures, including market adjustment strategies and regular internal audits [4].

Overview - The company plans to engage in foreign exchange derivative trading to hedge against currency fluctuations affecting its export business, aiming to enhance the efficiency of foreign exchange fund usage [1][2] Transaction Details - The maximum transaction amount approved for the company and its subsidiaries is set at an equivalent of 30,000 million USD at any given time [1][2] - The funding for these transactions will come from the company's own funds, without involving raised capital [1] - The trading methods include forward foreign exchange sales, swaps, options, and interest rate derivatives, among others, to mitigate currency and interest rate risks [1][2] Approval Process - The proposal for foreign exchange derivative trading was approved during the eighth board meeting and the seventh supervisory meeting held on August 25, 2025, and will be submitted for further approval at the third extraordinary general meeting of shareholders in 2025 [2] Risk Management - The company has established internal management systems and processes for derivative trading, focusing on hedging rather than speculative trading [2][3] - Various risks such as market risk, liquidity risk, performance risk, and legal risk are acknowledged, with measures in place to mitigate these risks [3] Impact on the Company - Engaging in foreign exchange derivative trading is expected to effectively lock in exchange rates and mitigate potential risks from currency fluctuations, thereby enhancing the company's financial stability and protecting shareholder interests [4]