Liangxin Shares announced that, in order to hedge against exchange rate fluctuation risks arising from overseas business expansion, the company plans to carry out foreign exchange hedging operations. The total transaction limit shall not exceed 100 million yuan or its equivalent in foreign currency. The limit is valid for twelve months from the date of approval by the board of directors, and the funds can be recycled on a rolling basis within the validity period. The estimated maximum margin for transactions shall not exceed 10 million yuan. The matter was reviewed and approved at the eleventh meeting of the sixth board of directors on July 9, 2026. It does not require submission to the shareholders' meeting for approval and does not constitute a connected transaction. The business funds will come from self-owned funds and funds raised through compliant channels, and no raised funds will be used. Counterparties are limited to qualified financial institutions with foreign exchange derivatives business qualifications. The company may engage in forward foreign exchange settlement and sales, foreign exchange swaps, foreign exchange swaps, foreign exchange options, and other related transactions, while speculative and arbitrage transactions are strictly prohibited. The company also cautioned that risks related to market conditions, internal control operations, counterparty performance, and legal aspects still exist during the course of business.
Shanghai Liangxin Electrical Co LtdCompany announces foreign exchange hedging plan to manage currency risk, no direct impact on operations.