Announcement on the Company's Engagement in Foreign Exchange Derivative Trading Business
Securities Code: 002045 Securities Abbreviation: Guoguang Electric Serial Number: 2026-18 The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Key Information Prompt:
- Purpose of Trading: To hedge against exchange rate or interest rate risks.
- Types of Trading: Forward foreign exchange settlement and sales, foreign exchange options, swaps, or a combination of the above products.
- Trading Amount: The scale of foreign exchange derivative trading business will be calculated based on foreign currency sales, purchases, and financing, and will not exceed the sum of such sales, purchases, and financing. The upper limit of the transaction margin and premium (including the value of collateral provided for the transaction, the estimated credit line from financial institutions, and the margin reserved for emergency measures) will not exceed RMB 1,000 million.
- Procedures Fulfilled and to be Fulfilled: The Company's Eleventh Board of Directors' Twenty-fifth Meeting, held on April 17, 2026, deliberated and approved the "Proposal on the Company's Engagement in Foreign Exchange Derivative Trading Business" with 7 votes in favor, 0 against, and 0 abstentions. This matter will be further submitted for deliberation at the 2025 Annual Shareholders' Meeting.
- Risk Warning: The foreign exchange derivative trading business that the Company plans to engage in adheres to the principles of legality, prudence, safety, and effectiveness. However, it may involve market risks, performance risks, internal control risks, and risks associated with overseas derivative trading. Investors are advised to pay attention to investment risks.
Guoguang Electric Co., Ltd. (hereinafter referred to as the "Company") held its Eleventh Board of Directors' Twenty-fifth Meeting on April 17, 2026, which deliberated and approved the "Proposal on the Company's Engagement in Foreign Exchange Derivative Trading Business" with 7 votes in favor, 0 against, and 0 abstentions. Based on the Company's actual business situation, for the purpose of hedging and mitigating exchange rate or interest rate risks, the Company agreed to engage in foreign exchange derivative trading business. The total scale of the business will be dynamically tracked based on sales, purchases, and financing over the next 24 months. The scale of foreign exchange derivative trading business will be calculated based on foreign currency sales, purchases, and financing, and will not exceed the sum of such sales, purchases, and financing. The validity period of the quota will be from the date of approval by the Shareholders' Meeting until the date of the Shareholders' Meeting to review the Company's foreign exchange derivative trading business in the following year. This matter will be further submitted for deliberation at the 2025 Annual Shareholders' Meeting.