Announcements
18.Oct.2024
Announcement on behalf of subsidiary Solar Chemical(KunShan) Unrealized 捷报比分完整版 of individual derivative transaction exceeds the regulated ceiling.
1.Type of contract:Forward Contrace
2.Date of occurrence of the event:2024/10/18
3.Contract price:RMB 36,074,418.45
4.Monetary value of margin or royalties paid:RMB 5,977,665.04
5.Ceiling on losses for aggregate or 捷报比分完整版 contracts
set forth in the Procedures:30% of the monetary value of the 捷报比分完整版
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 36,074,418.45
9.Profit (捷报比分完整版) of the hedged item(s):RMB 12,756,675.55 of 捷报比分完整版。
10.The losses (including realized and 捷报比分完整版 losses)
assessed using fair value:Sum of unrealized 捷报比分完整版 RMB 12,756,675.55
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 unrealized 捷报比分完整版 exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/11~2023/10/13(AUTD Non-settlement time-limited regulation)
2023/12/11~2024/1/22(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 3 AUTD contracts and 4 AGTD contracts in total with 捷报比分完整版
losses exceeding the limit and all of losses over the limit are repeated.
The first announcement date for reaching the ceiling on losses for 捷报比分完整版
contract are listed below:
2024/09/23: 1 AUTD contract
2024/09/24: 2 AUTD contracts
2024/07/12: 4 AGTD contracts
2.Date of occurrence of the event:2024/10/18
3.Contract price:RMB 36,074,418.45
4.Monetary value of margin or royalties paid:RMB 5,977,665.04
5.Ceiling on losses for aggregate or 捷报比分完整版 contracts
set forth in the Procedures:30% of the monetary value of the 捷报比分完整版
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 36,074,418.45
9.Profit (捷报比分完整版) of the hedged item(s):RMB 12,756,675.55 of 捷报比分完整版。
10.The losses (including realized and 捷报比分完整版 losses)
assessed using fair value:Sum of unrealized 捷报比分完整版 RMB 12,756,675.55
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 unrealized 捷报比分完整版 exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/11~2023/10/13(AUTD Non-settlement time-limited regulation)
2023/12/11~2024/1/22(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 3 AUTD contracts and 4 AGTD contracts in total with 捷报比分完整版
losses exceeding the limit and all of losses over the limit are repeated.
The first announcement date for reaching the ceiling on losses for 捷报比分完整版
contract are listed below:
2024/09/23: 1 AUTD contract
2024/09/24: 2 AUTD contracts
2024/07/12: 4 AGTD contracts
