Securities Code: 002167 Securities Abbreviation: Oriental Zirconium Industry Announcement Number: 2026-017
Guangdong Oriental Zirconium Industry Technology Co., Ltd. Announcement on Carrying Out 2026 Forex Derivative Business
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or significant omissions.
Key Information Prompt:
- Business Overview: To prevent exchange rate and interest rate fluctuation risks, the Company and its holding subsidiaries plan to engage in forex derivative business with banks and other financial institutions, not exceeding USD 20 million equivalent, including but not limited to forward foreign exchange settlement and sales, forex swaps, forex exchanges, forex options, or a combination of the above products.
- Deliberation Procedures Completed: This matter has been reviewed and approved by the second meeting of the Ninth Strategic Committee and the fourth meeting of the Ninth Board of Directors, and does not require submission to the Company's shareholders' meeting for deliberation.
- Risk Warning: In the process of carrying out forex derivative business, there are risks of exchange rate fluctuations, internal control, transaction default, and forecasting. Investors are kindly reminded to pay attention to investment risks.
Guangdong Oriental Zirconium Industry Technology Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Ninth Strategic Committee and the fourth meeting of the Ninth Board of Directors on April 20, 2026, and reviewed and approved the "Proposal on Carrying Out 2026 Forex Derivative Business."
The forex derivative business has been reviewed by the Board of Directors and does not require approval from the Company's shareholders' meeting. The specific details are hereby announced as follows:
I. Purpose of Carrying Out Forex Derivative Business
With the gradual expansion of the Company's overseas markets and the continuous growth of overseas business scale, the Company's foreign currency settlement business is becoming increasingly frequent. Therefore, when exchange rates fluctuate significantly, exchange gains and losses will have a certain impact on the Company's operating performance. Combined with the expected income and expenditure of overseas business and international trade business of the Company and its holding subsidiaries, in order to prevent exchange rate and interest rate fluctuation risks, enhance the Company's ability to cope with foreign exchange fluctuation risks, reduce the impact of market fluctuations on the Company's operations and profits, and enhance the Company's financial stability, the Company and its holding subsidiaries plan to carry out forex derivative business.
II. Overview of Forex Derivative Business