On April 17th, Beiyuan Group successfully signed its first contract for 742 tons of caustic soda export settlement business in euros, marking a new breakthrough in the company′s multi- currency settlement business in export trade, which is of positive significance for expanding export settlement business and improving export trade management.

The euro, as the world′s second largest trading currency, plays an important role in international trade settlement. Since the beginning of 2024, Beiyuan Group has been working hard to overcome the market downturn, focusing on early and fast actions, deeply learning about Euro settlement related knowledge, streamlining relevant business processes, actively communicating and coordinating with local foreign exchange management departments and banking institutions and successfully opening the Euro account settlement function. These efforts are expected to lay a solid foundation for expanding Euro settlement export trade business, play an important role in expanding multi-currency settlement channels, enhance economic risk resistance, reduce currency risks and avoid exchange rate fluctuations, while conducive to expanding the European market.