Huatian Technology announced that the company plans to carry out foreign exchange hedging business. The currencies involved are the main settlement currencies for production and operation. The types of business include forward foreign exchange settlements, foreign exchange swaps, etc., which are only used to hedge foreign exchange risk exposure, and not for the purpose of arbitrage speculation. The business scale does not exceed the equivalent value of US$247 million. The quota can be used on a rolling basis within 12 months from the date of review and approval by the board of directors. The maximum contract value at any point in time does not exceed the above amount. The counterparty is a commercial bank that is qualified for foreign exchange derivatives business. The source of funds is self-owned and lawfully raised, and does not involve raising capital.

Huatian Technology announced that the company plans to carry out foreign exchange hedging business. The currencies involved are the main settlement currencies for production and operation. The types of business include forward foreign exchange settlements, foreign exchange swaps, etc., which are only used to hedge foreign exchange risk exposure, and not for the purpose of arbitrage speculation. The business scale does not exceed the equivalent value of US$247 million. The quota can be used on a rolling basis within 12 months from the date of review and approval by the board of directors. The maximum contract value at any point in time does not exceed the above amount. The counterparty is a commercial bank that is qualified for foreign exchange derivatives business. The source of funds is self-owned and lawfully raised, and does not involve raising capital.