Geron(SZ:002722) Zheng Quan Zhi Xing·2025-06-17 13:25Core Viewpoint - The document outlines the foreign exchange hedging management system of Wuchan Zhongda Jinlun Blue Ocean Co., Ltd, aiming to standardize the hedging operations, enhance risk management, and ensure asset safety [1][2]. Group 1: General Principles - The foreign exchange hedging business is defined as activities conducted with financial institutions to mitigate exchange rate or interest rate risks, including various financial instruments [1]. - The system applies to the company and its wholly-owned or controlling subsidiaries, which must operate under the company's unified management [2]. Group 2: Operational Norms - The company must adhere to principles of legality, safety, effectiveness, and prudence in its hedging activities, focusing on normal operational needs rather than profit-seeking [3]. - Transactions are only permitted with approved financial institutions, and the company must have sufficient self-owned funds for hedging activities [3][4]. Group 3: Approval Authority - The annual hedging plan must be developed by the management and submitted for board approval, with specific thresholds for transactions requiring shareholder approval [4]. - The board must disclose relevant information within two trading days after making decisions related to hedging activities [4]. Group 4: Management Process - The board or shareholders are the decision-makers for hedging activities, while the finance department is responsible for execution within approved limits [5]. - The finance department must analyze and propose hedging plans, which require approval from the finance head and general manager before implementation [5][6]. Group 5: Information Isolation Measures - All personnel involved in hedging must maintain confidentiality regarding the company's hedging strategies and financial information [6]. - The audit department supervises the operations to ensure compliance and risk management [6]. Group 6: Risk Reporting and Management - The finance department must conduct risk analysis and report significant risks to management and the audit department [7]. - If losses reach 10% of the company's audited net profit, the finance department must report this to management and ensure timely disclosure [7][8].