OFILM(SZ:002456) Zheng Quan Zhi Xing·2025-07-29 16:43Core Viewpoint - The document outlines the management system for foreign exchange derivative trading at OFILM Group Co., Ltd., emphasizing the need for risk management, compliance with regulations, and the establishment of a structured operational framework for such trading activities [1][2][3]. Summary by Sections General Principles - The purpose of the system is to standardize foreign exchange derivative trading and related information disclosure, enhance management, prevent investment risks, and ensure asset safety [1]. - Derivatives include forwards, swaps, options, and combinations thereof, with underlying assets being securities, indices, interest rates, exchange rates, currencies, and commodities [1]. Trading Operations Principles - The company does not engage in foreign exchange trading solely for profit; all trading activities are based on normal business operations and aimed at hedging against exchange rate risks [2][3]. - Trading is permitted only with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2][3]. - The foreign currency amounts in derivative contracts must not exceed the company's prudent forecast of foreign currency receipts and payments [2][3]. Approval Authority - The Board of Directors is responsible for reviewing the necessity and risk control of foreign exchange derivative trading, with overall plans and limits requiring the Chairman's consent before submission for Board approval [3][4]. - A feasibility analysis report must be provided for derivative trading, and certain conditions require submission to the shareholders' meeting for approval [4]. Management and Internal Procedures - The General Manager is authorized to manage foreign exchange derivative trading operations and sign relevant agreements [5]. - The finance department is responsible for daily management and must report on the trading situation and any anomalies [5][6]. Information Disclosure - All foreign exchange derivative trading activities must be disclosed promptly after Board approval, detailing the necessity and rationale for the trades [7][8]. - Significant risks or losses must be disclosed through temporary announcements, and specific details about the trading purpose and expected financial implications must be provided [8][9]. Miscellaneous - The system applies to the company's subsidiaries, which must also comply with these regulations [10]. - The Board of Directors holds the interpretation rights of this system [11].