Hangzhou Hikvision Digital Technology Co., Ltd.
Analysis Report on the Feasibility of Foreign Exchange Hedging Business in 2026
Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision" or "the Company") held the ninth meeting of the sixth board of directors on April 16, 2026, and deliberated and passed the "Proposal on Carrying out Foreign Exchange Hedging Business in 2026" and the "Analysis Report on the Feasibility of Carrying out Foreign Exchange Hedging Business in 2026." No shareholder meeting approval is required. Before submission to the board of directors for deliberation, this matter was reviewed and approved by the Company's Audit Committee and the independent directors' special meeting.
I. Background of Foreign Exchange Hedging Business
The foreign currency accounts payable arising from the Company's imported material procurement and the foreign currency accounts receivable arising from the Company's exported product sales form foreign exchange exposure. To prevent foreign exchange risks and reduce the impact of exchange rate fluctuations on the Company's production and operation, the Company and its holding subsidiaries plan to carry out foreign exchange hedging business.
The foreign exchange hedging business planned by the Company and its holding subsidiaries is in line with the needs of normal production and operation, is for hedging purposes, and will not affect the development of the Company's main business.
II. Basic Information of Foreign Exchange Hedging Business