Overview - Jiangsu Huyong International Group Co., Ltd. announced the extension of the operational period of the Shanghai Sailin Huyong Equity Investment Fund Partnership (Limited Partnership) due to ongoing investments that have not exited [1][2]. Fund Establishment and Investment - The company approved the establishment of an industrial merger fund with a total investment of 490 million yuan, with the Sailin Huyong Fund being registered in February 2017 [1][2]. - The fund has invested in 10 projects since its inception, focusing on logistics supply chain and strategic emerging industries [2]. Fund Extension Details - The fund's original operational period was set to expire in August 2024, but it will be extended by 3 years until August 1, 2028, to facilitate the exit of ongoing projects [2][3]. - During the extension period, no management fees will be charged [2]. Impact on the Company - The extension of the fund's operational period aligns with the actual investment situation and will not significantly impact the company's operations or current performance, ensuring the interests of all shareholders are protected [2][3]. - The matter does not require approval from the company's shareholders' meeting and does not involve related transactions or constitute a major asset restructuring [2].

Core Viewpoint - The company aims to conduct hedging activities through its subsidiaries to mitigate the adverse effects of price fluctuations on its operations and enhance risk resilience [1][3]. Summary by Sections Transaction Purpose - The subsidiaries of the company plan to engage in hedging activities to reduce losses from unfavorable price changes and maintain stable operations [1][3]. Transaction Amount - The maximum amount of margin and premiums to be utilized for the hedging activities will not exceed 4.0% of the company's most recent audited net assets attributable to shareholders [1][3]. Transaction Types and Locations - The hedging activities will involve futures contracts related to the company's operations, including but not limited to logs, pulp, and various non-ferrous metals, conducted on legal exchanges such as the Shanghai Futures Exchange and Dalian Commodity Exchange [2][5]. Related Party Transactions - The transaction constitutes a related party transaction as it involves 弘业期货, a company controlled by the company's major shareholder, 苏豪控股集团 [2][6]. Approval Procedures - The transaction has been reviewed and approved by various committees and boards within the company, including the audit, compliance, and risk control committee, and will be submitted for approval at the upcoming shareholders' meeting [3][6][7]. Financial Health of Related Party - 弘业期货 has demonstrated strong financial health, with total assets of approximately 1,169.94 million and net assets of about 187.68 million as of December 31, 2024 [8][9]. Impact on Company - The hedging activities are expected to enhance the company's risk management capabilities without affecting its normal business operations or harming the interests of shareholders, particularly minority shareholders [10][14]. Accounting Treatment - The company will follow relevant accounting standards for financial instruments and hedging activities to ensure proper financial reporting [14].

Group 1 - The company has recently changed the names of several subsidiaries to align with its operational development needs [1][2] - The name changes include the transformation of "江苏汇鸿国际集团中天控股有限公司" to "江苏汇鸿国际集团医药保健品进出口有限公司" and others [1] - The changes will not lead to significant alterations in the company's main business operations and are not expected to adversely affect future business development [2] Group 2 - Some subsidiaries have already completed the business registration changes and obtained the necessary licenses from regulatory authorities [1] - The company assures that the announcement contains no false records, misleading statements, or significant omissions [1]

Core Points - The article outlines the hedging management system of Jiangsu Huihong International Group Co., Ltd, aimed at standardizing hedging operations, enhancing management and supervision, and effectively preventing and controlling risks to ensure the safety of company assets [2][4][22] - The hedging business is defined as transactions using financial derivatives to hedge against specific risks such as price, credit, interest rate, and foreign exchange risks [2][3] - The company emphasizes a prudent approach to hedging, ensuring that transactions are simple, liquid, and risk-recognizable, and prohibits speculative trading [3][4] Summary by Sections General Principles - The hedging business must adhere to principles of prudence, business matching, unified management, and compliance [3][4] - The hedging activities are applicable to the company and its subsidiaries, which must develop detailed implementation rules based on the company's regulations [4][5] Business Qualifications and Organizational Structure - The board of directors authorizes the management to approve the qualifications of the operational entities engaged in hedging activities [5][6] - A dedicated hedging leadership group is established to oversee decision-making and supervision of hedging activities [7][8] Annual Plans and Operational Schemes - The company must create an annual hedging business plan based on previous performance and risk management capabilities, which requires board approval [11][12] - Operational entities must strictly follow the approved annual plan and seek board approval for any necessary adjustments due to significant market changes [16][17] Standard Operations and Risk Control - Hedging activities are subject to strict management, ensuring that different operational entities do not borrow or misuse scale indicators [12][13] - The operational entities must maintain a written authorization management system for trading permissions and ensure that funds used for hedging are self-owned [22][23] Reporting Mechanism and Emergency Response - Operational entities are required to report on hedging activities regularly, including monthly, quarterly, and annual reports detailing positions, strategies, and risk evaluations [30][31] - In case of significant risks or losses, immediate reporting to management is mandated, with detailed follow-up on the situation [34][35] Information Disclosure - The company must comply with relevant regulations for internal reporting and public disclosure of hedging activities, especially when losses exceed specified thresholds [37][38] Supervision and Accountability - The hedging leadership group is responsible for regular supervision and audits of the operational entities to ensure compliance with the hedging management system [40][41] - Strict penalties are outlined for personnel who fail to report or misreport hedging activities, ensuring accountability [41][42]

Core Viewpoint - The independent directors of Jiangsu Huihong International Group Co., Ltd. have reviewed and approved the proposal for the subsidiary to engage in hedging business and related transactions, emphasizing that the transactions are based on actual operational needs and aim to mitigate market price fluctuations [1][2]. Summary by Sections Proposal for Hedging Business and Related Transactions - The proposal involves Jiangsu Suhao Zhongjin Development Co., Ltd. and Jiangsu Suhao Zhongtian Holdings Co., Ltd. engaging in hedging activities through Hongye Futures, which is a subsidiary of the controlling shareholder Suhao Holding Group [1]. - The independent directors concluded that the transactions are necessary for operational needs and are designed to reduce uncertainties caused by market price volatility, thereby enhancing the company's overall risk resistance [1]. - The transactions adhere to principles of voluntariness, equality, and fairness, ensuring that there is no harm to the interests of the company and all shareholders, particularly minority shareholders [1].

证券日报网讯 8月1日晚间，汇鸿集团发布公告称，公司第十届监事会第十六次会议审议通过了《关于 公司子公司开展套期保值业务暨关联交易的议案》。 （文章来源：证券日报） ...

Group 1 - The core point of the article is that Huihong Group announced the approval of several proposals, including the plan for its subsidiary to engage in hedging business and related transactions during the 37th meeting of its 10th Board of Directors [2] Group 2 - The announcement indicates a strategic move by the company to manage financial risks through hedging activities [2] - The decision reflects the company's ongoing efforts to enhance its operational efficiency and financial stability [2] - The involvement in hedging business may provide the company with tools to mitigate potential market fluctuations [2]

Group 1 - The company, Huihong Group (600981), announced that it will hold its first extraordinary general meeting of shareholders on August 18, 2025 [1] - The agenda for the meeting includes the review of a proposal regarding the subsidiary's engagement in hedging business and related transactions [1]

江苏汇鸿国际集团股份有限公司第十届董事会 独立董事专门会议 2025 年第二次会议审核意见 一、关于公司子公司开展套期保值业务暨关联交易的议案 根据《中华人民共和国公司法》《上市公司独立董事管理办法》《上海证券 交易所股票上市规则》等规章制度、规范性文件及《公司章程》《独立董事工作 制度》的有关规定，基于独立判断的立场，作为江苏汇鸿国际集团股份有限公司 （以下简称"公司"）的独立董事，于 2025 年 7 月 31 日召开了公司第十届董事 会独立董事专门会议 2025 年第二次会议，对拟提交公司第十届董事会第三十七 次会议审议的相关议案发表如下审核意见： 经审查，我们认为：（一）苏豪弘业期货股份有限公司（以下简称"弘业期 货"）为公司控股股东江苏省苏豪控股集团有限公司（以下简称"苏豪控股集团"） 下属子公司，为公司关联方。公司控股子公司江苏苏豪中锦发展有限公司、全资 子公司江苏苏豪中天控股有限公司（以下简称"苏豪中天"）及其全资子公司上 海汇鸿浆纸有限公司拟通过弘业期货开展套期保值业务，构成关联交易；（二） 本次交易是基于实际经营需求，以正常业务背景为依托，以规避或降低市场价格 波动给生产经营带来的不确定影响 ...

江苏汇鸿国际集团股份有限公司 套期保值业务管理制度 第一章 总 则 商品期货套期保值业务是指公司针对现货交易，为锁定采购成本和销售价格，遵 循套期保值原则，进行期货交易所品种标准化期货合约交易，以规避市场价格波动带 来的经营管理风险，保证公司业务的相对稳定。 金融衍生品套期保值业务是指为满足公司正常经营或业务需要，与具有相关业务 经营资质的金融机构开展的用于规避和防范汇率或利率风险的各项业务，包括但不限 于远期结售汇、外汇掉期、外汇期权、利率掉期、利率期权及其组合等衍生产品业务。 第三条 开展套期保值业务应遵循以下原则： （一）稳健审慎原则：套期保值业务的交易工具应当结构简单、流动性强、风险 可认知。公司仅限于进行以规避价格风险为目的的套期保值业务，不得开展任何形式 的投机交易。 — 1 — （二）业务匹配原则：交易的衍生品品种仅限于与主业经营密切相关的产品、原 材料等，不得超越规定的经营范围。与企业资金实力、交易处理能力、风险承受能力 相匹配，且在规模、方向、期限上与需管理的相关风险敞口存在风险对冲关系。 （三）统一管控原则：公司负责管理负责制定套期保值业务管理制度，统一管理 审批业务资质、年度计划和组织监 ...