Securities Code: 002373 Securities Abbreviation: Chinasoft Technology Announcement No.: 2026-024
Beijing Chinasoft Technology Co., Ltd. Announcement on Using Own Funds for Foreign Exchange Hedging in 2026
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Beijing Chinasoft Technology Co., Ltd. (hereinafter referred to as "Chinasoft Technology" or the "Company") held the fifteenth meeting of the sixth Board of Directors on April 16, 2026, and deliberated and approved the "Proposal on Using Own Funds for Foreign Exchange Hedging in 2026". It is agreed that the Company and its subsidiaries, based on their actual business development, will use their own funds not exceeding the equivalent of USD 250 million for foreign exchange hedging transactions within 12 months after the shareholder meeting's approval. The amount at any point during the hedging period (including amounts from reinvesting profits from these transactions) shall not exceed this limit. Within this limit, funds can be used cyclically. According to the "Stock Listing Rules of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association" and the "Foreign Exchange Hedging Management System," this foreign exchange hedging matter needs to be submitted for approval by the Company's shareholders' meeting. The specific details are announced as follows:
I. Overview of Investment
- Purpose of Foreign Exchange Hedging Transactions
The proportion of import and export business in the Company's operations is gradually increasing. Among these, import payments account for approximately 30% of the total material procurement, primarily settled in USD. Export receipts account for approximately 50% of sales business, primarily settled in USD and EUR. Affected by international political and economic uncertainties, foreign exchange market volatility is frequent, increasing uncertainty in the Company's operating performance. To prevent foreign exchange market risks, the Company will conduct foreign exchange hedging transactions appropriately based on specific circumstances.
Conducting foreign exchange hedging transactions will help enhance the Company's ability to cope with exchange rate fluctuation risks and strengthen its financial stability. It will not affect the development of the Company's main business.
- Transaction Amount and Source of Funds