Jingxing Paper announced that some of its business and subsidiaries use foreign exchange settlement such as US dollars. In order to cope with the risk of foreign exchange fluctuations, the company launched foreign exchange derivatives trading business. The transaction amount does not exceed 30 million US dollars, and the transaction period is 12 months from the date of review and approval by the board of directors. The types of transactions include forward foreign exchange settlements, etc., and the place of transaction is a qualified financial institution. The matter has been reviewed and approved by the board of directors and does not constitute a major asset restructuring or related transaction. At the same time, it indicates that there are market and liquidity risks, and corresponding risk control measures have been formulated.

Jingxing Paper announced that some of its business and subsidiaries use foreign exchange settlement such as US dollars. In order to cope with the risk of foreign exchange fluctuations, the company launched foreign exchange derivatives trading business. The transaction amount does not exceed 30 million US dollars, and the transaction period is 12 months from the date of review and approval by the board of directors. The types of transactions include forward foreign exchange settlements, etc., and the place of transaction is a qualified financial institution. The matter has been reviewed and approved by the board of directors and does not constitute a major asset restructuring or related transaction. At the same time, it indicates that there are market and liquidity risks, and corresponding risk control measures have been formulated.