Huatian Technology to begin FX hedging to mitigate risk

Tianshui Huatian Technology Co., Ltd. announced its plan to commence foreign exchange hedging operations, with an approved scale not exceeding $238 million. This initiative, valid for 12 months from the board's approval date, aims to mitigate the impact of fluctuating exchange rates and interest rates on its operating results, ensuring asset preservation and optimizing foreign currency utilization. The scope includes various financial instruments such as forward foreign exchange, swaps, and options.

The company's Eighth Board of Directors, at its Sixth Meeting on September 12, 2025, unanimously approved the hedging proposal. The Eighth Board of Supervisors also confirmed the decision, with all three supervisors voting in favor. Both bodies emphasized that the hedging activities are for risk management, not speculation, and are compliant with regulatory requirements.

The company has established a comprehensive risk management framework, including the "Foreign Exchange Hedging Business Management System," to address market, forecasting, and operational risks. It will engage reputable financial institutions for these transactions and ensure the hedging volume aligns with its normal business operations.