According to the announcement of Precision Forging Technology, the 21st meeting of the 5th board of directors of the company reviewed and passed the bill, agreeing that the company, as the host company, will apply to the State Administration of Foreign Exchange to carry out centralized operation and management of domestic and foreign currency cross-border funds. The proposed application amount shall not exceed 1.2 billion yuan, and the amount can be used on a rolling basis. This matter does not constitute a related transaction or major asset restructuring. Within the authority of the board of directors, there is no need to submit it to the shareholders' meeting for consideration, and the business still needs to be approved by the State Administration of Foreign Exchange.

According to the announcement of Precision Forging Technology, the 21st meeting of the 5th board of directors of the company reviewed and passed the bill, agreeing that the company, as the host company, will apply to the State Administration of Foreign Exchange to carry out centralized operation and management of domestic and foreign currency cross-border funds. The proposed application amount shall not exceed 1.2 billion yuan, and the amount can be used on a rolling basis. This matter does not constitute a related transaction or major asset restructuring. Within the authority of the board of directors, there is no need to submit it to the shareholders' meeting for consideration, and the business still needs to be approved by the State Administration of Foreign Exchange.