Announcement on the Company and its Subsidiaries Engaging in Foreign Exchange Hedging Business
The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Key Information Prompt:
- To further enhance Kangping Technology (Suzhou) Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries' ability to cope with foreign exchange fluctuation risks and strengthen the company's financial stability, and to reduce the impact of future fluctuations in the exchange rates of USD, EUR, JPY, HKD, and VND on the company's operating performance, the Company and its subsidiaries plan to conduct forward foreign exchange settlement and sales business with a total amount not exceeding RMB 300 million with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China and possessing the qualification for forward foreign exchange settlement and sales business.
- The matter of engaging in foreign exchange hedging business this time has been deliberated and approved by the Company's Board of Directors and is subject to the approval of the Company's shareholders' meeting.
- Although the Company and its subsidiaries conduct forward foreign exchange settlement and sales business in accordance with the principle of hedging and do not engage in speculative arbitrage transactions, there may still be certain risks. The Company will actively implement risk control measures and prudently operate the hedging transactions. Investors are kindly requested to pay attention to investment risks.
I. Overview of Investment Situation