JS Global Lifestyle Company Limited (stock code: 1691) has entered into a foreign exchange forward contract (FX Forward Contract) with HSBC Bank (China) Company Limited on January 27, 2026. The notional amount is set at up to USD200 million, aimed at hedging the group’s exposure to CNH, USD, JPY, AUD, NZD, SGD, KRW, and INR. The contract is scheduled to expire on January 27, 2027.
According to the announcement, this FX Forward Contract is categorized as a discloseable transaction under Chapter 14 of the Listing Rules, triggered by the highest applicable percentage ratio exceeding 5% but remaining below 25%. JS Global Lifestyle Company Limited considers this hedging instrument an effective measure to manage currency risks associated with its SharkNinja APAC operations, which hold certain trade receivables or payables denominated in currencies other than Renminbi. The board states that the terms of the contract are fair and reasonable and believes it will help mitigate potential financial exposure stemming from exchange rate fluctuations.