MECOM POWER (01183) subsidiary enters into a HK$100 million foreign exchange hedge contract.

MECOM POWER (01183) announces that on February 26, 2026, Austen New Materials (a non-wholly owned subsidiary of the company) entered into a foreign exchange hedging contract with BANKCOMM Limited Zhuhai Branch to hedge the currency risk of Renminbi to Hong Kong Dollars, with a total amount of HK$100 million. The Group engages in the research and sales of new building materials, as well as the production and sales of intelligent machinery through Austen New Materials and Ausgang Construction in its daily and general business operations. Due to the Group's procurement of steel in Renminbi and sales of new building materials in Hong Kong Dollars, the Group often converts Hong Kong Dollars into Renminbi to settle trade payables and operational expenses, resulting in exposure to foreign exchange risk. Therefore, the Group entered into a foreign exchange hedging contract through Austen New Materials to hedge the currency risk.