Shenzhen Zhaowei Machinery & Electronics (02692) plans to conduct foreign exchange hedging activities.
Zhao Wei Machinery and Electronics (02692) announced that, with the development of the company's international business needs and the deepening of international layout, in order to further enhance the company's ability to cope with fluctuations in the foreign exchange market, better avoid and prevent the adverse effects caused by significant fluctuations in foreign exchange rates and interest rates on the company, reasonably optimize financial expenses, and strengthen the company's financial soundness, the company plans to carry out foreign exchange hedging transactions with banks and other financial institutions.
Shenzhen Zhaowei Machinery & Electronics (02692) announced that, with the development of the company's international business demand and the deepening of its international layout, in order to further enhance the company's ability to cope with fluctuations in the foreign exchange market, better avoid and prevent adverse effects caused by significant fluctuations in foreign exchange rates and interest rates, optimize financial expenses reasonably, and strengthen the financial stability of the company, the company plans to carry out foreign exchange hedging operations with banks and other financial institutions.
According to the company's business needs, the company plans to carry out foreign exchange hedging operations, with the total amount of transaction margin and rights margin (including the value of collateral provided for transactions, expected use of credit lines from financial institutions, reserve margin for emergency measures, etc.) not exceeding RMB 120 million (or equivalent foreign currency) at any point in time, and the maximum contract value held on any trading day (including any profits from the mentioned transactions for further trading) not exceeding RMB 500 million (or equivalent foreign currency).
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