Xiexie Data Plans to Conduct 1.6 Billion Yuan Foreign Exchange Hedging Business to Address Exchange Rate Volatility Risk

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【Financial News】Co-creation Data Technology Co., Ltd. (Stock Code: 300857, Stock Abbreviation: Co-creation Data) announced on March 17, 2026, that to address foreign exchange market volatility risks, the company and its subsidiaries plan to carry out foreign exchange hedging activities. The maximum contract value held on any trading day is expected not to exceed RMB 1.6 billion or equivalent foreign currency. This matter has been reviewed by the board of directors and still requires approval from the shareholders’ meeting.

The announcement states that the main purpose of the company’s foreign exchange hedging activities is to reduce the impact of exchange rate and interest rate fluctuations on profits. As a company involved in overseas business and settled in foreign currencies, exchange rate volatility may create uncertainty in operational performance. Using foreign exchange derivatives for hedging can effectively offset the risks associated with expected payments and receipts in import/export contracts and foreign currency holdings, improving the efficiency of foreign exchange fund utilization.

The main contents of the company’s foreign exchange hedging activities are as follows:

The company emphasizes that this foreign exchange hedging activity will strictly adhere to principles of legality, prudence, safety, and effectiveness, and will not engage in derivative trading for speculative purposes. To control risks, the company has formulated the “Foreign Exchange Hedging System,” which clearly stipulates approval authority, operational procedures, and risk control measures. It will select financially sound institutions as counterparties and assign dedicated personnel to continuously monitor the held derivative contracts.

Despite implementing various risk control measures, the announcement still warns that foreign exchange hedging activities may face risks such as price fluctuations, liquidity risks, performance risks, operational risks, and legal risks. The company states it will fulfill its disclosure obligations in a timely manner according to regulations and urges investors to pay full attention to these risks.

Regarding accounting treatment, the company will account for and disclose its foreign exchange hedging activities in accordance with relevant enterprise accounting standards issued by the Ministry of Finance, with specific details subject to annual audit results.

Co-creation Data states that engaging in foreign exchange hedging activities will help improve the company’s ability to cope with foreign exchange fluctuations, prevent adverse effects from significant exchange rate swings, support the development of core business operations, and reasonably reduce financial expenses, demonstrating necessity and feasibility.

According to the announcement, this matter has been approved by the first meeting of the 2026 Audit Committee of the company’s Fourth Board of Directors and the 12th meeting of the Fourth Board of Directors, but still requires approval from the shareholders’ meeting. The board of directors has authorized the company’s legal representative or designated authorized representatives to sign relevant agreements within the approved limits.

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Editor: Xiao Lang Kuai Bao