Softcare (02698) subsidiary Sunmart enters into a foreign exchange forward contract with a bank.
Le Shu Shi (02698) announced that on June 15, 2026, the company's indirect wholly-owned subsidiary Sunmart entered into a foreign exchange forward contract with a bank. Pursuant to this, Sunmart agreed to sell a total of 29.9 million euros and buy a total of 34.694 million US dollars on the relevant delivery date to hedge against the exchange rate fluctuation risks faced by the group's foreign currency assets.
SOFTCARE (02698) announced that on June 15, 2026, the Company's indirect wholly-owned subsidiary, Sunmart, entered into a foreign exchange forward contract with a bank. Under the contract, Sunmart agreed to sell a total of 29.9 million euros and buy a total of 34.694 million US dollars on the relevant delivery date to hedge against the exchange rate fluctuation risk faced by the Group's foreign currency assets.
Regarding the foreign exchange forward contract, Sunmart is required to deposit a total of approximately RMB 1407.01 million as margin with the bank to secure its obligations under the foreign exchange forward contract.
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