Greer Plans to Launch Foreign Exchange Hedging Business with Scale Not Exceeding $30 Million USD

Gleir Digital Technology Co., Ltd. (Stock Code: 920641, Stock Abbreviation: Gleir) announced on March 13, 2026, that the company’s 27th meeting of the 4th Board of Directors approved the proposal to conduct foreign exchange hedging business. The company plans to carry out foreign exchange hedging in 2026 with a transaction amount not exceeding $30 million or equivalent foreign currency. This proposal is still subject to approval at the company’s first extraordinary general meeting in 2026.

Purpose and Basic Information of the Business

The company states that the purpose of engaging in foreign exchange hedging is to effectively avoid foreign exchange market risks, lock in costs, prevent significant exchange rate fluctuations from adversely affecting operations, and reasonably manage foreign exchange gains and losses to reduce the impact of exchange rate volatility on performance.

According to the announcement, the foreign exchange hedging transactions conducted by the company and its subsidiaries within the approval validity period will not exceed $30 million or equivalent foreign currency at any point in time (including related amounts from re-trading of the aforementioned transactions and gains). The validity period is 12 months from the date of approval at the first extraordinary general meeting in 2026.

Regarding transaction methods, the company plans to engage in various foreign exchange hedging products, including forward foreign exchange contracts, foreign exchange swaps, options, interest rate swaps, interest rate options, or a combination of these products. The currencies involved are limited to those used in the company’s actual business operations, such as USD, EUR, GBP, etc. The counterparties will be banks or financial institutions approved by relevant government departments with foreign exchange hedging business qualifications, and no related parties are involved.

Risks and Control Measures

The announcement emphasizes that the company’s foreign exchange hedging activities follow prudent principles, avoiding speculative foreign exchange transactions. All transactions are based on normal production and business operations, relying on specific business activities, with the goal of hedging and preventing exchange rate risks. However, there are six major risks:

• Exchange rate fluctuation risk: In cases of significant exchange rate movements, if the agreed rate in the transaction application is lower than the real-time rate, it may result in exchange losses.
• Internal operational risk: Foreign exchange hedging transactions are highly specialized, and errors or system failures could lead to losses.
• Sales forecast risk: Customers may adjust payment dates, causing delays in receivables and potential delivery postponements.
• Transaction default risk: Counterparties may default, failing to pay hedging profits as agreed, thus unable to offset actual exchange losses.
• Legal risk: Changes in relevant laws or violations by counterparties could prevent proper execution of foreign exchange contracts.
• Policy risk: Major changes in laws, regulations, or policies related to futures markets could cause market volatility or trading disruptions.

To mitigate these risks, the company has established the “Foreign Exchange Hedging Business Management System” and a comprehensive internal control system. Key measures include prohibiting speculative activities, reasonably managing and strictly controlling fund sizes, cooperating with large, qualified commercial banks, continuously monitoring market prices or fair value changes, and assessing risk exposure in a timely manner. The Audit Committee supervises compliance in decision-making, management, and execution.

Impact on the Company

The company states that, under the premise of ensuring normal operations, engaging in foreign exchange hedging is beneficial for avoiding exchange rate risks, enhancing the company’s resilience to currency fluctuations, and does not harm the interests of the company or shareholders. It aligns with the company’s development needs and can further improve financial stability.

In terms of accounting treatment, the company will recognize and disclose foreign exchange hedging transactions in accordance with relevant standards, including “Accounting Standard for Financial Instruments No. 22 — Recognition and Measurement,” “Accounting Standard for Financial Instruments No. 24 — Hedge Accounting,” and “Accounting Standard for Financial Instruments No. 37 — Financial Statement Presentation,” along with their guidelines.

Previously, on March 12, 2026, the company’s 4th Board of Directors’ Audit Committee and Strategy Committee reviewed and approved this proposal.

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