Securities Code: 002328 Securities Abbreviation: Xinpeng Shares Announcement No.: 2026-011
Shanghai Xinpeng Industrial Co., Ltd. Announcement on Implementing Foreign Exchange Derivative Trading Business
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or significant omissions.
Shanghai Xinpeng Industrial Co., Ltd. (hereinafter referred to as the "Company") held the 16th meeting of the 6th Board of Directors on April 24, 2026, which reviewed and approved the "Proposal on Implementing Foreign Exchange Derivative Trading Business," the main contents of which are as follows:
To effectively manage the exchange rate risk of foreign currency assets, liabilities, and cash flow of the Company and its subsidiaries, it is agreed that the Company and its subsidiaries will implement foreign exchange derivative trading business with financial institutions such as banks, with a total credit line not exceeding USD 20 million (or equivalent in other currencies), valid for 12 months from the date of approval.
In accordance with the " Shenzhen Stock Exchange Stock Listing Rules," " Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 — Standardized Operation of Main Board Listed Companies," and the "Articles of Association," this matter does not require submission to the shareholders' meeting for approval. The specific situation is as follows:
I. Overview of Derivative Trading Business