Suzhou Sun-Grow Solar New Material Co., Ltd.
Report on the Company's 2025 Securities and Derivatives Investment
In accordance with the requirements of the Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Normative Operation of GEM Listed Companies and the Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 - Business Handling, the Board of Directors of Suzhou Sun-Grow Solar New Material Co., Ltd. (hereinafter referred to as the "Company") has reviewed the Company's 2025 securities and derivatives investment situation. The relevant situation is hereby described as follows:
I. Approval of Securities and Derivatives Investment
The Company held the 19th meeting of the Fifth Board of Directors and the 15th meeting of the Fifth Supervisory Board on April 24, 2025. Both meetings deliberated and approved the "Proposal on Carrying Out Foreign Exchange Hedging Business." It was agreed that the Company and its holding subsidiaries would carry out foreign exchange hedging business with banks and other financial institutions, with an estimated quota not exceeding RMB 1 billion or its equivalent in foreign currency. The authorization period is twelve months from the date of approval by the Board of Directors. The quota can be used on a revolving basis, and the transaction amount at any point in time shall not exceed the quota limit. For details, please refer to the "Announcement on Carrying Out Foreign Exchange Hedging Business" disclosed by the Company on the Juchao Information Network on April 26, 2025 (Announcement No.: 2025-018).