Transtek(SZ:300562) Zheng Quan Zhi Xing·2025-05-23 10:54General Overview - The company has established a financial derivatives trading management system to regulate its trading activities and control associated risks, in compliance with relevant laws and regulations [1][2][3] Financial Derivatives Definition - Financial derivatives include products such as futures, options, forwards, and swaps, which can be based on various underlying assets including securities, indices, interest rates, exchange rates, currencies, and commodities [1] Applicability - The management system applies to the company and its wholly-owned and controlling subsidiaries, prohibiting them from engaging in financial derivatives trading without the company's consent [1][2] Trading Counterparties - The company is only allowed to trade with financial institutions that have been approved by regulatory authorities, ensuring that transactions are conducted with qualified entities [2] Trading Accounts - The company must establish dedicated financial derivatives trading accounts in its name and is prohibited from using third-party accounts for trading [2] Capital Requirements - The company must have sufficient self-owned funds that match the margin requirements for financial derivatives trading and must strictly control the scale of trading to avoid impacting normal operations [2][3] Management Structure - A financial derivatives trading working group, led by the chairman and including key executives, is responsible for the implementation and management of trading activities [2][3] Risk Assessment - The finance department is tasked with evaluating trading risks and preparing feasibility analysis reports, which must be submitted to the board for review [3][4] Audit and Supervision - The audit department oversees the trading activities, conducting pre-approval, ongoing supervision, and post-audit to ensure compliance and proper fund usage [3][4] Approval Process - Major trading plans and limits must be approved by the board and, in certain cases, by the shareholders, especially when the trading involves significant amounts relative to the company's net profit or net assets [4][5] Authorization Management - The company implements an authorization management system for trading operations, requiring written authorization for any trading activities [5][6] Risk Control Measures - The company must clearly define roles and responsibilities within the trading team and ensure that incompatible functions are separated to maintain checks and balances [6][7] Market Analysis - Prior to engaging in trading, the company should conduct market comparisons and select financial derivatives that align with its business needs and risk tolerance [6][7] Ongoing Management - The finance department is responsible for tracking market prices and assessing the risk exposure of invested derivatives, reporting any significant changes to the board [7][8] Disclosure Requirements - The company must disclose any confirmed gains or losses from derivatives trading that exceed 10% of the most recent audited net profit [8] Record Keeping - All trading documentation and authorization records must be properly archived by the finance department and the board [8][9] Confidentiality - Employees involved in derivatives trading must adhere to confidentiality protocols to protect sensitive information related to trading activities [8][9] Implementation Date - The management system will take effect upon approval by the company's board [9]