Runbai Aviation Technology Co., Ltd. Announcement on Progress of Derivative Trading Business
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Overview
Runbai Aviation Technology Co., Ltd. (hereinafter referred to as the "Company") held its second board of directors' fifteenth meeting and the first extraordinary general meeting of shareholders in 2025 on April 9, 2025, and April 25, 2025, respectively. The proposal "On Carrying Out Foreign Exchange Derivative Trading Business" was deliberated and approved. The Company is permitted to conduct foreign exchange derivative trading business with a maximum outstanding balance not exceeding RMB 1 billion (or equivalent in other currencies) at any point in time. The term of use is 12 months from the date of approval by the Company's shareholders' meeting. The Company's General Manager or their authorized representative is authorized to handle specific matters and sign relevant contract documents within the approved limit. This limit can be used on a revolving basis within the period.
Recently, according to preliminary calculations by the Company's finance department, the cumulative confirmed profit and loss and floating loss from the Company's foreign exchange derivative trading business over the past 12 months has reached RMB 15.018 million, exceeding 10% of the net profit attributable to shareholders of the listed company in the most recent year (2024 fiscal year) and exceeding RMB 10 million in absolute terms.