Group 1 - The company plans to engage in foreign exchange derivative trading to mitigate risks associated with currency fluctuations and enhance financial stability [1][2] - The maximum contract value held on any trading day will not exceed 15 million USD (or equivalent in RMB), with a trading period of 12 months from board approval [1][2] - The funding for these transactions will come from the company's own funds, without involving raised funds or bank credit [1][2] Group 2 - The necessity for engaging in foreign exchange derivatives arises from the increasing foreign currency payment amounts, which expose the company to foreign exchange risks [2] - The company has established a management system for foreign exchange derivative trading, outlining principles, approval authority, and internal control measures, which comply with regulatory requirements [2][5] - The company aims to conduct these transactions prudently, avoiding speculative activities, and will continuously monitor market conditions to adjust strategies accordingly [4][5] Group 3 - Risks associated with foreign exchange derivative trading include exchange rate fluctuation risks, internal control risks, customer default risks, and liquidity risks [3][4] - The company has implemented risk control measures, including careful selection of trading partners and adherence to legal regulations, to mitigate potential risks [4][5] - The conclusion is that engaging in foreign exchange derivative trading is both necessary and feasible, as it aligns with the company's operational needs and risk management strategies [6]
思看科技: 关于开展外汇衍生品交易业务的可行性分析报告