On July 19th, Gelun Hui reported that on July 19, 2024, Nanya New Material Technology (688519.SH) held its third board of directors meeting and eighth supervisory committee meeting. The Proposal on Carrying Out Forward Foreign Exchange Trading Business was passed at the meeting.

The main purpose of the company and its subsidiaries engaging in forward foreign exchange trading is to fully utilize the hedging function of forward foreign exchange trading, reduce the impact of exchange rate fluctuations on the company's business performance, and maintain a relatively stable level of profit when exchange rates fluctuate significantly. The company does not engage in speculative trading without actual demand, nor does it engage in foreign exchange trading solely for the purpose of profit.

The forward foreign exchange trading business to be carried out by the company and its subsidiaries is limited to the settlement foreign currencies used in the production and operation of the company, and the delivery period of the transaction is consistent with the forecast receipt (payment) period, and the transaction amount matches the forecast receipt (payment) amount. According to the production and operation needs of the company and its subsidiaries, the company and its subsidiaries will engage in forward foreign exchange trading, and the planned trading volume will not exceed 80 million US dollars within 12 months from the date of approval by the board of directors.