Core Viewpoint - China COSCO Shipping Development Co., Ltd. (中远海发) announced plans to engage in currency-related financial derivatives to manage interest rate and exchange rate risks, with a trading limit set for 2026 at $2.3 billion and 1.8 billion RMB [1] Group 1: Financial Derivative Business - The company’s subsidiaries will conduct financial derivative transactions including interest rate swaps and foreign exchange forwards, with a transaction period from February 13, 2026, to December 31, 2026 [1] - The scale of financial derivative transactions for the current year will not exceed the specified limits and will not involve margin or premium [1] Group 2: Risk Management - The subsidiaries have a certain net asset exposure in USD, and foreign exchange forward transactions will effectively control risks arising from exchange rate fluctuations [1] - Interest rate swap transactions will allow the conversion of floating-rate loans to fixed-rate loans, thereby managing market risks associated with interest rate fluctuations [1] Group 3: Business Justification - The transactions are backed by genuine business needs and reasonable funding arrangements, ensuring that the hedging instruments meet effectiveness criteria in terms of economic relationship, hedging ratio, and timing [1] - The fair value or cash flow changes of the hedging instruments can offset the changes in fair value or cash flows of the hedged items, achieving the goal of hedging [1]

Core Viewpoint - The company plans to engage in currency-related financial derivative activities to manage interest rate and exchange rate risks, adhering to a neutral risk management principle [1] Group 1: Financial Derivative Activities - The company’s subsidiary intends to conduct financial derivative transactions, including interest rate swaps and foreign exchange forwards [1] - The planned transaction volume for the year 2026 is set at USD 2.3 billion and CNY 1.8 billion [1] - The scope of financial derivative activities will not exceed the specified limits and will not involve margin or premium payments [1] Group 2: Timeline - The duration for the aforementioned financial derivative activities is from February 13, 2026, to December 31, 2026 [1]

Core Viewpoint - The company Zhongyuan Shipping (中远海发) reported a stock price of 2.61 yuan as of February 13, 2026, reflecting a 1.14% decrease from the previous week, with a total market capitalization of 34.446 billion yuan [1] Company Announcements Summary - The seventh board of directors held its thirty-fourth meeting on February 13, 2026, where all 8 attending directors approved several resolutions, including the 2026 investment and asset disposal plan [1] - The subsidiary's 2026 financial derivative business limit was set at 2.3 billion USD and 1.8 billion yuan, with specific allocations for foreign exchange forwards (1.5 billion USD), interest rate swaps (800 million USD), and 1.8 billion yuan, effective from February 13, 2026, to December 31, 2026 [1] - The board approved Zheng Xiaozhe to serve as a member of the investment strategy committee and ratified the "2026 Major Operational Risk Forecast and Assessment Report" [3]