Higashiyama Precision announced that in order to hedge against risks in the foreign exchange market, it plans to launch a foreign exchange hedging business. The total scale of the business does not exceed 2 billion US dollars. The amount can be used on a rolling basis, and the funding source is own funds. The investment period is from January 1 to December 31, 2026. The counterparty is a bank or other financial institution. The types of business include foreign exchange derivatives such as forward settlement. The Board of Directors authorizes the Decision Group to approve and manage. Although the business can reduce the impact of exchange rate fluctuations, there are risks such as exchange rate fluctuations, internal control, laws, etc., and the company has formulated systems and adopted a number of risk control measures.

Zhitongcaijing · 1d ago
Higashiyama Precision announced that in order to hedge against risks in the foreign exchange market, it plans to launch a foreign exchange hedging business. The total scale of the business does not exceed 2 billion US dollars. The amount can be used on a rolling basis, and the funding source is own funds. The investment period is from January 1 to December 31, 2026. The counterparty is a bank or other financial institution. The types of business include foreign exchange derivatives such as forward settlement. The Board of Directors authorizes the Decision Group to approve and manage. Although the business can reduce the impact of exchange rate fluctuations, there are risks such as exchange rate fluctuations, internal control, laws, etc., and the company has formulated systems and adopted a number of risk control measures.