Aon Construction (01183.HK) Subsidiary enters into a HKD 100 million foreign exchange hedging contract to hedge RMB against HKD exchange rate risk

Gelonghui, February 26 — Aunor Construction (01183.HK) announced that on February 26, 2026, Aunor New Materials (a non-wholly owned subsidiary of the company) entered into a foreign exchange hedging contract with a bank (an independent third party) to hedge against currency risk between the Renminbi and Hong Kong dollars, with a total amount of HKD 100 million. The group engages in the research and sales of new building materials, as well as the production and sales of intelligent machinery through Aunor New Materials and Aungang Construction in its daily and general business operations. Since the group purchases steel priced in Renminbi and sells building materials priced in Hong Kong dollars, it periodically exchanges Hong Kong dollars for Renminbi to settle trade payables and pay operating expenses, which exposes the group to foreign exchange risk. Therefore, the group entered into a foreign exchange hedging contract through Aunor New Materials to hedge against this currency risk.