HYC(SH:688001) Zheng Quan Zhi Xing·2025-07-01 16:41Core Viewpoint - The company plans to engage in foreign exchange derivative trading to mitigate foreign exchange market risks and enhance financial stability, with a maximum daily trading amount of up to 50 million USD or equivalent currencies [1][2][7]. Group 1: Trading Purpose and Types - The primary purpose of the trading is to effectively hedge against foreign exchange market risks and prevent significant fluctuations in exchange rates from impacting the company's operations [1][2]. - The company intends to conduct various types of foreign exchange derivative transactions, including but not limited to forward contracts, swaps, and options [1][2]. Group 2: Trading Amount and Currency - The maximum daily trading amount for the company and its subsidiaries is set at 50 million USD or equivalent foreign currencies, with the settlement currencies limited to USD, JPY, or other equivalent currencies [1][2][7]. - The trading limit is valid for 12 months from the date of board approval, and the amount can be used in a rolling manner within this period [2][4]. Group 3: Approval Process and Feasibility - The board of directors and the supervisory board approved the proposal for foreign exchange derivative trading on July 1, 2025, and authorized the general manager to execute the transactions [2][4][7]. - The company has established a comprehensive internal control and risk management system to ensure the feasibility of the trading activities, which are based on actual business needs [4][6]. Group 4: Financial Impact and Accounting Treatment - The foreign exchange derivative trading aims to enhance the company's ability to manage foreign exchange volatility risks, thereby protecting the company's operational performance and shareholder interests [6][7]. - The company will account for the foreign exchange derivative transactions in accordance with relevant accounting standards [6].