亨通股份: 浙江亨通控股股份有限公司期货套期保值业务管理制度

Core Viewpoint - The document outlines the management system for futures hedging business of Zhejiang Hengtong Holdings Co., Ltd, emphasizing internal control, risk prevention, and compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The futures hedging business aims to reduce the impact of price fluctuations on operational performance and must not involve speculative trading [2]. - The hedging activities are limited to products and raw materials directly related to the company's operations [2]. - The number of futures positions and holding periods should match actual spot transactions, with futures holdings not exceeding the hedged spot volume [2]. - The company must establish futures trading accounts in its own name and conduct transactions only in domestic futures markets [2]. - Margin for futures hedging must align with the company's own funds, prohibiting the use of raised funds for these activities [2]. Group 2: Approval Authority - A feasibility analysis report must be prepared and submitted to the board of directors for approval before engaging in futures hedging [3]. - Certain conditions, such as projected margin usage exceeding 50% of the latest audited net profit or the maximum contract value exceeding the latest audited net assets, require shareholder meeting approval [3]. Group 3: Authorization System - Contracts with futures brokers must be reviewed and signed by the company's legal representative or authorized personnel [4]. - Trading authorization must specify the personnel allowed to trade and the types of transactions they can conduct [5]. Group 4: Business Process - The board of directors and shareholders are the decision-making bodies for futures hedging, with no other departments or individuals authorized to make such decisions [6]. - The president's office is responsible for analyzing the feasibility and necessity of hedging activities, while the finance department handles accounting and reporting [6][12]. - The internal audit department supervises risk control policies and procedures related to futures trading [6]. Group 5: Risk Management and Internal Control - The company must carefully select futures brokers based on their strength and service capabilities [8]. - Daily monitoring of futures account status, including margin usage and potential risks, is required [8]. - Regular checks on the hedging business must be conducted to ensure compliance with risk management policies [8]. Group 6: Violations and Responsibilities - Personnel responsible for information leaks will bear full responsibility for any negative consequences [11]. - The company retains the right to pursue losses caused by violations of the established procedures [11][12]. Group 7: Record Keeping - All original trading documents and related materials must be retained for at least 10 years [12]. - The board of directors is responsible for the formulation, modification, and interpretation of this management system [12].