Allwinner Technology plans to carry out a 900 million yuan foreign exchange hedging business to address exchange rate fluctuation risks.

【Zhuhai, March 27, 2026】Zhuhai FullSail Technology Co., Ltd. (Security code: 300458, hereinafter referred to as the “Company”) today issued an announcement stating that, in order to effectively avoid foreign exchange market risks, the Company and its subsidiaries plan to carry out foreign exchange hedging and preservation business with banks and other financial institutions with a total amount not exceeding RMB 900 million or an equivalent amount in foreign currency. This quota may be recycled and used on a rolling basis, and the authorization period is from April 1, 2026 to March 31, 2027.

The announcement shows that this foreign exchange hedging and preservation business mainly involves the USD currency. Business types include forward settlement and sale of foreign exchange, foreign exchange swaps, foreign exchange options, and other foreign exchange derivative products. The Company said that carrying out this business is intended to prevent adverse effects caused by significant fluctuations in exchange rates, improve the efficiency of using foreign exchange funds, reasonably reduce finance costs, and increase exchange gains.

The board of directors of the Company has considered and approved this proposal, and it does not need to be submitted to the shareholders’ meeting for review. Under the authorization, the chairman of the Company will be responsible for approving the plans for the daily foreign exchange hedging and preservation business and signing the relevant contracts. All funds required for the business come entirely from the Company’s own funds and do not involve raised funds.

Main Parameters of the Foreign Exchange Hedging and Preservation Business

The Company also states that foreign exchange hedging and preservation business may face risks such as exchange rate fluctuation risk, internal control risk, counterparty default risk, and customer default risk. To address the above risks, the Company has formulated the “Management System for Foreign Exchange Hedging and Preservation Business,” which standardizes the business operation process, and will strengthen exchange rate research and analysis, select financial institutions with good qualifications as counterparties, and ensure that the business is carried out in a compliant and orderly manner.

In terms of accounting treatment, the Company will, in accordance with relevant accounting standards issued by the Ministry of Finance, account for the foreign exchange hedging and preservation business it carries out. Relevant information will be reflected truthfully in the balance sheet and the income statement.

FullSail Technology states that carrying out this foreign exchange hedging and preservation business is based on the needs of the Company’s overseas business development. It is beneficial for reducing the impact of exchange rate fluctuations on the Company’s operating performance and enhancing the Company’s overall ability to withstand risks.

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