Announcement on behalf of subsidiary Solar Chemical(KunShan) Realized loss of individual derivative transaction exceeds 捷报足球比分 regulated ceiling.

1.Type of contract:Forward Contract
2.Date of occurrence of 捷报足球比分 event:2024/07/19
3.Contract price:RMB 13,416,103.94
4.Monetary value of margin or royalties paid:RMB 2,572,035.2
5.Ceiling on losses for aggregate or individual contracts set forth in 捷报足球比分 Procedures:
30% of 捷报足球比分 monetary value of 捷报足球比分 individual contract。
6.Reason for derivative transaction:Hedging.
7.Item(s) being hedged:Silver (raw material).
8.Monetary value of 捷报足球比分 hedged item(s):RMB 13,416,103.94
9.Profit (loss) of 捷报足球比分 hedged item(s):RMB 4,955,576.06 of loss。
10.捷报足球比分 losses (including realized and unrealized losses) assessed using fair value:
Sum of realized loss RMB 4,955,576.06
11.Reason for occurrence of 捷报足球比分 losses and 捷报足球比分 impact to 捷报足球比分 Company:
捷报足球比分 price of silver has since escalated after 捷报足球比分 transaction,
resulting in realized loss exceeding 30% of 捷报足球比分 individual contract value.
12.Contract period:2023/11/1~(AGTD Non-settlement time-limited regulation)
13.Restrictive covenants:None
14.Other important terms and conditions:None
15.Any other matters that need to be specified:
捷报足球比分 17 AGTD contracts with unrealized losses exceeding 捷报足球比分 limit are 捷报足球比分
same as those has on July 12, 2024