300681SZSE

Northeast Securities Co., Ltd. on the Company's Forward Foreign Exchange Settlement and Foreign Exchange Options Business Review Opinion

✨ AI Summary

Northeast Securities conducted a review of Zhuhai Yingboer Electric Co., Ltd.'s proposal to engage in forward foreign exchange settlement and foreign exchange options business. The board approved a transaction limit of up to $100 million, aimed at mitigating foreign exchange risks and enhancing operational efficiency. The review confirmed compliance with necessary procedures and established risk control measures.

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Full Translation

AI Translation· azure_openai

Review Opinion on Zhuhai Yingboer Electric Co., Ltd.'s Forward Foreign Exchange Settlement and Foreign Exchange Options Business

Northeast Securities Co., Ltd. (hereinafter referred to as the "Sponsor") is the sponsor for Zhuhai Yingboer Electric Co., Ltd. (hereinafter referred to as "Yingboer" or "the Company") in its issuance of convertible corporate bonds to unspecified objects. In accordance with relevant laws and regulations, including the "Regulations on the Management of Securities Issuance and Listing Sponsorship," the "Regulations on the Supervision of Funds Raised by Listed Companies," the "Shenzhen Stock Exchange GEM Listing Rules," and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of GEM Listed Companies," the Sponsor conducted a special review of Yingboer's forward foreign exchange settlement and foreign exchange options business. The review findings are as follows:

The Company's fourth board meeting on April 13, 2026, approved the proposal to engage in forward foreign exchange settlement and foreign exchange options business. To effectively mitigate foreign exchange market risks, reduce the impact of exchange rate fluctuations on the Company's operating performance, and improve the efficiency of foreign exchange fund utilization, the Company and its subsidiaries plan to engage in forward foreign exchange settlement and foreign exchange options business.

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