Ecovacs Board Passes Multiple Financial Derivatives Business Proposals; Futures Hedging Scale Reaches 300 Million Yuan

[Finance News] Ecovacs Robotics Co., Ltd. (Stock Code: 603486, hereinafter referred to as “Ecovacs”) announced on March 24th the resolution of the 7th meeting of the 4th Board of Directors. The company approved multiple proposals, including launching futures hedging business, expanding foreign exchange derivatives trading scope, and establishing a securities investment management system to enhance its ability to manage market risks.

The meeting was held on March 20, 2026, through a combination of on-site and teleconference methods. Nine directors were expected to attend, and all nine attended, with four participating via teleconference. The meeting was chaired by Chairman Qian Dongqi, and all five proposals approved received unanimous votes.

Futures Hedging Business Officially Launched

According to the announcement, Ecovacs and its controlling subsidiaries will conduct futures hedging business, with margin and premium investments not exceeding 45 million RMB or equivalent in other currencies at any time, and the maximum contract value held on any trading day not exceeding 300 million RMB or equivalent in other currencies. This business does not involve related-party transactions and does not require shareholder approval.

Expansion of Foreign Exchange Derivatives Business

The company also announced an expansion of its foreign exchange derivatives trading scope, adding foreign exchange futures trading to the existing forward and options products, and extending trading venues to major global exchanges such as Hong Kong and Singapore. The trading limit remains unchanged at a balance equivalent of no more than $1.15 billion, with the margin and premium cap for foreign exchange futures estimated at approximately 57 million RMB.

The authorization period for the foreign exchange derivatives business is valid from the date of approval at the 2024 annual shareholders’ meeting until May 15, 2026. Funds within the limit can be used on a rolling basis, with approval handled by the general manager or authorized personnel, and specific implementation by the finance department.

Improvement of Investment Management System

To standardize securities investment activities, the company approved the “Ecovacs Robotics Securities Investment Management System,” formulated in accordance with the Securities Law, Shanghai Stock Exchange Listing Rules, and other relevant laws and regulations. The system aims to effectively prevent investment risks, safeguard fund security, and improve capital utilization efficiency.

Ecovacs stated that engaging in the above financial derivatives is a normal risk management measure to cope with raw material price fluctuations and foreign exchange rate risks. These activities will strictly follow hedging principles and will not involve speculative trading.

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