Stock Code: 002409 Stock Abbreviation: Yacoo Technologies Announcement No.: 2026-010
Jiangsu Yacoo Technologies Co., Ltd. Announcement on Carrying Out Forward Foreign Exchange Settlement and Sales Business
Special Reminder: This company and all members of the board of directors guarantee the authenticity, accuracy, and completeness of the announcement content, and there are no false records, misleading statements, or major omissions.
Jiangsu Yacoo Technologies Co., Ltd. (hereinafter referred to as "the Company" or "this Company") held the 19th meeting of the Sixth Board of Directors on April 25, 2026, and reviewed and approved the "Proposal on Carrying Out Forward Foreign Exchange Settlement and Sales Business." The relevant matters are hereby announced as follows:
I. Purpose of Carrying Out Forward Foreign Exchange Settlement and Sales Business
Due to business development needs, with the authorization of the 13th meeting of the Sixth Board of Directors, the Company has been carrying out forward foreign exchange settlement and sales business since April 2025. To reduce exchange gains and losses and mitigate the impact of exchange rate fluctuations on the company's performance, the Company plans to continue to carry out forward foreign exchange settlement and sales business with banks in 2026. Forward foreign exchange settlement and sales is a foreign exchange hedging financial product approved by the People's Bank of China. The transaction principle is to sign a forward foreign exchange settlement and sales contract with the bank, stipulating the currency, amount, exchange rate, and term of future settlement or sales. Upon the occurrence of foreign exchange income or expenditure on the maturity date, settlement or sales will be carried out according to the currency, amount, and exchange rate stipulated in the forward contract, thereby locking in the settlement and sales cost for the period.
II. Types of Settlement and Sales Business
The Company's forward foreign exchange settlement and sales are limited to the main settlement currencies used in the Company's import and export business: USD, EUR, KRW, and JPY.
III. Business Period, Business Scale, and Proposed Investment