Important Notice:
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Types of Transactions: Including but not limited to forward sales, foreign exchange swaps, foreign exchange options, and foreign exchange rights and obligations.
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Transaction Amount: The total amount shall not exceed 28 million RMB.
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Transaction Period: The company is authorized to conduct these activities within a specific timeframe, which shall not exceed 12 months.
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Risk Reminder: The company will publicly disclose the foreign exchange hedging business in accordance with laws, regulations, and safety standards. However, the nature of the transactions may expose the company to market risks, operational risks, contractual risks, and other risks.
Chaozhou Guangyang Axle Co., Ltd. (hereinafter referred to as "the Company") held its 5th Board of Directors' 32nd meeting on April 27, 2026, and approved the proposal regarding the development of foreign exchange hedging business. The Company and its shareholders will work with financial institutions to develop foreign exchange hedging business, as follows:
Overview of Foreign Exchange Hedging Business
(1) Purpose of Developing Foreign Exchange Hedging Business
The Company aims to enhance its business development and support continuous growth in foreign exchange income. To better manage foreign exchange risks, the Company intends to establish a foreign exchange hedging management system.
(2) Transaction Amount
According to the company's foreign exchange income and business needs, the transaction amount shall not exceed 28 million RMB. During the effective period, the transaction amount shall not exceed the agreed amount.