Luxshare Precision: Plan to conduct foreign exchange derivative transactions up to $4.9 billion.

Luxshare Precision announced that the company held a board meeting on February 5th to approve the proposal to engage in foreign exchange derivative trading. The parties involved in the transactions include the company and its subsidiaries and affiliates, with a contract term of less than 3 years. Starting from the date of approval by the board of directors, the cumulative equivalent value shall not exceed 4.9 billion US dollars within 1 year. The transactions include forward, swap, options, and other products or combinations. Apart from utilizing credit facilities or paying margin, no other investment is required. This transaction can hedge foreign exchange risks and enhance financial stability, but there are still risks such as market and liquidity risks, so the company will take corresponding risk control measures.