Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as "the Company") convened the fourth meeting of the sixth board of directors on March 6, 2026, and approved the proposal regarding the development of foreign exchange hedging business. The Company plans to conduct foreign exchange hedging activities with a maximum transaction amount not exceeding $1 billion (including $1 billion), effective for one year (from the date of the board meeting).
Purpose of Developing Foreign Exchange Hedging Business
Based on the new energy vehicle development trend, combined with the company's overseas business and foreign exchange risk exposure, the Company aims to clarify the scope of foreign exchange hedging business and actively explore the development of foreign exchange hedging business to mitigate foreign exchange risks, enhance cost efficiency, and improve financial management.