Luxshare Precision: Plans to moderately engage in foreign exchange derivatives trading for no more than one year, with the total at any point not exceeding the equivalent of $4.9 billion.

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Luxshare Precision announced that in order to further improve the company’s ability to respond to foreign exchange fluctuations, better hedge against and prevent risks related to exchange rate and interest rate fluctuations, and enhance the company’s financial stability, it is necessary to appropriately engage in foreign exchange derivatives trading based on specific circumstances. The entities involved in foreign exchange derivatives trading include Luxshare Precision and its subsidiaries and grandchild companies. The trading activity will not exceed one year, and the total equivalent at any point in time will not exceed 4.9 billion USD. The company will follow the relevant approval procedures and disclosure obligations for future annual trading limits based on actual needs. If the duration of a single transaction exceeds the authorized period, the authorization period will automatically be extended until the transaction is terminated.

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