中曼石油: 中曼石油天然气集团股份有限公司期货及衍生品套期保值管理制度

Core Viewpoint - The company has established a comprehensive risk management system for its futures and derivatives hedging activities to stabilize production costs and protect shareholder interests [1][2][3] Group 1: General Principles - The hedging activities must be based on normal business operations and should not be speculative in nature [2][3] - The company can only engage in hedging activities related to its actual business needs, controlling the types, scale, and duration of futures and derivatives [2][3] - Transactions must be conducted with approved financial institutions, and the company must maintain its own funds for hedging activities, avoiding the use of raised funds [3][4] Group 2: Organizational Structure and Responsibilities - A hedging leadership group is established to manage futures and derivatives activities, consisting of key executives and department heads [4][5] - The group is responsible for drafting the hedging management system, annual plans, and monitoring the effectiveness of hedging activities [4][5] Group 3: Approval Authority - A feasibility analysis report must be prepared for hedging activities and submitted to the board for approval [5][6] - Certain hedging activities require shareholder approval if they exceed specified financial thresholds [6][7] Group 4: Business Process - The company’s relevant departments propose hedging needs based on operational plans and market forecasts [12][13] - The hedging leadership group develops detailed annual hedging plans, which must be approved by the board [12][13] Group 5: Risk Control Measures - The company implements market, credit, operational, and legal risk controls to mitigate potential losses [10][11][12] - A risk management position is established to oversee compliance with risk management policies and procedures [12] Group 6: Information Disclosure - The company must disclose any significant gains or losses from hedging activities that exceed 10% of the most recent audited net profit [13][14] - Major risk events affecting financial status must be disclosed promptly [13][14] Group 7: Archive Management and Confidentiality - All personnel involved in hedging activities must adhere to confidentiality protocols and maintain records for at least 20 years [21][22] Group 8: Accountability for Violations - Violations of the hedging management policies can result in disciplinary actions, including warnings, fines, or termination [24][25]