Wuxi Xian Dao Intelligent Equipment Co., Ltd. (including subsidiaries within the consolidated financial statements, hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
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Transaction Overview: To enhance the Company's ability to respond to foreign exchange volatility risks and effectively avoid and prevent exchange rate risks, the Company intends to moderately engage in foreign exchange hedging business with banks and other financial institutions based on prudent principles. The types of transactions include but are not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and other single or combined products. The balance of foreign exchange hedging business conducted by the Company at any point in time (including related income reinvestment amounts) shall not exceed RMB 4 billion or other equivalent currencies. This limit is valid for 12 months from the date of approval by the Board of Directors and can be rolled over within the validity period.
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Review Procedure: On March 30, 2026, the Company held the 19th meeting of the 5th Board of Directors, which approved the proposal on conducting foreign exchange hedging business for the year 2026. This proposal does not require submission to the shareholders' meeting for review.
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Risk Warning: The Company conducts foreign exchange hedging business in accordance with the principles of legality, prudence, safety, and effectiveness, avoiding speculative and arbitrage trading operations. However, certain market risks, liquidity risks, and performance risks still exist. Investors are advised to pay attention to investment risks.
I. Overview of Foreign Exchange Hedging Business
- Purpose of Transactions: With the continuous advancement of the Company's international strategy and further development of global business, the Company intends to moderately engage in foreign exchange hedging business to avoid foreign exchange market risks, prevent adverse effects of exchange rate fluctuations on the Company's operating performance, and improve the efficiency of foreign exchange fund utilization. This business is based on normal production and operation, adhering to the principle of prudence, aiming to reduce exchange rate risks, avoiding speculative trading without actual demand, and not engaging in purely profit-driven foreign exchange trading, which will not affect the development of the Company's main business.