Important Content Reminder:
- Purpose of Transactions: To effectively avoid risks in the foreign exchange market, prevent adverse impacts from significant currency fluctuations on the company, improve the efficiency of foreign exchange fund usage, reasonably reduce financial costs, and lower exchange rate fluctuation risks.
- Transaction Methods and Types: The foreign exchange hedging business planned by the company and its subsidiaries includes forward foreign exchange contracts, RMB and foreign exchange swaps, and other foreign exchange derivatives.
- Transaction Amount and Duration: The company and its subsidiaries expect to hold a maximum contract value of RMB 1.5 billion or equivalent foreign currency on any trading day, valid for 12 months from the date of board approval. This limit can be reused within the authorization period. If a single transaction's duration exceeds the authorization period, the authorization period will automatically extend until the transaction concludes.
- Review Procedures Completed: This matter has been approved by the tenth meeting of the fifth board of directors, and it falls within the board's decision-making authority, thus does not require submission to the shareholders' meeting for approval.
- Risk Warning: The foreign exchange hedging business conducted by the company and its subsidiaries follows a prudent principle aimed at avoiding and preventing exchange rate risks. However, there are inherent risks such as exchange rate fluctuation risk, internal control risk, transaction default risk, and payment forecast risk, which investors should be aware of.
Suzhou Tianfu Communication Co., Ltd. (hereinafter referred to as "the company" or "Tianfu Communication") held the tenth meeting of its fifth board of directors on April 6, 2026, where the proposal on conducting foreign exchange hedging business was approved. The company and all board members guarantee the authenticity, accuracy, and completeness of the disclosed information, with no false records, misleading statements, or significant omissions.