Announcements
01.Nov.2024
Announcement on behalf of subsidiary Solar Chemical(KunShan) Rea(un)lized 捷报足球比分 of individual derivative transaction exceeds the regulated ceiling.
1.Type of contract:Forward Contrace
2.Date of occurrence of the event:2024/11/01
3.Contract price:RMB 82,837,619.64
4.Monetary value of margin or royalties paid:RMB 12,973,257.30
5.Ceiling on losses for aggregate or 捷报足球比分 contracts
set forth in the Procedures:30% of the monetary value of the 捷报足球比分
contract。
6.Reason for derivative transaction:Hedging.
7.Item(s) being hedged:Gold (raw material)、Silver (raw material).
8.Monetary value of the hedged item(s):RMB 82,837,619.64
9.Profit (捷报足球比分) of the hedged item(s):RMB 29,200,860.36 of 捷报足球比分。
10.The losses (including realized and unrealized losses)
assessed using fair value:Sum of unrealized 捷报足球比分 RMB 29,200,860.36
11.Reason for occurrence of the losses and the impact to the Company:
The price of gold has since escalated after the transaction,
resulting in realized/unrealized 捷报足球比分 exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/13~(AUTD Non-settlement time-limited regulation)
2023/10/20~2023/11/17(AUTD Non-settlement time-limited regulation)
2023/12/11~2024/3/1(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:
There are 4 AUTD contracts and 6 AGTD contracts in total with unrealized
losses exceeding the limit and all of losses over the limit are repeated.
The first announcement date for reaching the ceiling on losses for 捷报足球比分
contract are listed below:
2024/10/21: 2 AUTD contracts
2024/10/22: 2 AUTD contracts
2024/07/12: 4 AGTD contracts
2024/10/21: 1 AGTD contracts
2024/10/22: 1 AGTD contracts
2.Date of occurrence of the event:2024/11/01
3.Contract price:RMB 82,837,619.64
4.Monetary value of margin or royalties paid:RMB 12,973,257.30
5.Ceiling on losses for aggregate or 捷报足球比分 contracts
set forth in the Procedures:30% of the monetary value of the 捷报足球比分
contract。
6.Reason for derivative transaction:Hedging.
7.Item(s) being hedged:Gold (raw material)、Silver (raw material).
8.Monetary value of the hedged item(s):RMB 82,837,619.64
9.Profit (捷报足球比分) of the hedged item(s):RMB 29,200,860.36 of 捷报足球比分。
10.The losses (including realized and unrealized losses)
assessed using fair value:Sum of unrealized 捷报足球比分 RMB 29,200,860.36
11.Reason for occurrence of the losses and the impact to the Company:
The price of gold has since escalated after the transaction,
resulting in realized/unrealized 捷报足球比分 exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/13~(AUTD Non-settlement time-limited regulation)
2023/10/20~2023/11/17(AUTD Non-settlement time-limited regulation)
2023/12/11~2024/3/1(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:
There are 4 AUTD contracts and 6 AGTD contracts in total with unrealized
losses exceeding the limit and all of losses over the limit are repeated.
The first announcement date for reaching the ceiling on losses for 捷报足球比分
contract are listed below:
2024/10/21: 2 AUTD contracts
2024/10/22: 2 AUTD contracts
2024/07/12: 4 AGTD contracts
2024/10/21: 1 AGTD contracts
2024/10/22: 1 AGTD contracts
