Conch Cement (00914) and Subsidiaries Plan to Utilize Hedging Functions of Financial Instruments

Stock News01-26

Conch Cement (00914) announced that, in order to mitigate the adverse impact of exchange rate and interest rate market fluctuations on its operations and to enhance the stability and sustainability of its business performance, the company and its subsidiaries intend to utilize the hedging functions of financial instruments. They will conduct foreign exchange hedging operations for businesses involving foreign currency settlements and foreign currency liabilities, aiming to effectively manage the risks associated with significant fluctuations in exchange rates and interest rates, thereby strengthening the company's financial robustness. Based on operational needs, the maximum contract value held by the company and its subsidiaries on any single trading day shall not exceed 6 billion Chinese yuan (or its equivalent in other currencies), and this quota can be used on a revolving basis.

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