Liande Co., Ltd. announced that in order to reduce the adverse impact of exchange rate fluctuations on the operating performance of the company and its subsidiaries, the company and its subsidiaries plan to carry out foreign exchange derivatives trading business for the purpose of hedging. The transaction amount is estimated to be no more than 100 million yuan in transaction deposit and premium, and the maximum contract value held on any trading day will not exceed 500 million yuan. The funding source is own funds. The transaction period is 12 months from the date of review and approval by the board of directors. The matter has been reviewed by the relevant meeting and does not need to be submitted to the shareholders' meeting for consideration. Foreign exchange derivatives transactions have risks such as exchange rate fluctuations, etc., and the company will take corresponding risk control measures.

Liande Co., Ltd. announced that in order to reduce the adverse impact of exchange rate fluctuations on the operating performance of the company and its subsidiaries, the company and its subsidiaries plan to carry out foreign exchange derivatives trading business for the purpose of hedging. The transaction amount is estimated to be no more than 100 million yuan in transaction deposit and premium, and the maximum contract value held on any trading day will not exceed 500 million yuan. The funding source is own funds. The transaction period is 12 months from the date of review and approval by the board of directors. The matter has been reviewed by the relevant meeting and does not need to be submitted to the shareholders' meeting for consideration. Foreign exchange derivatives transactions have risks such as exchange rate fluctuations, etc., and the company will take corresponding risk control measures.