Zheng Quan Zhi Xing·2025-08-13 16:11Core Viewpoint - The company, Nanjing Maolai Optical Technology Co., Ltd., plans to conduct foreign exchange derivative hedging transactions to mitigate foreign exchange risk associated with its overseas business operations, primarily settled in USD, EUR, and GBP [1][2]. Summary by Sections Basic Situation of Foreign Exchange Derivative Hedging Transactions - The purpose of the transactions is to enhance the company's ability to manage foreign exchange market risks and to prevent adverse impacts on its operating performance due to exchange rate fluctuations [1]. - The total amount for the foreign exchange derivative hedging transactions in 2025 is not to exceed 100 million RMB or equivalent foreign currency, with the ability to roll over within 12 months from the date of resolution approval [2]. - The funding source for these transactions will primarily be the company's own funds, without involving raised funds [2]. - The company will utilize simple and transparent derivative instruments such as foreign exchange forwards, options, and swaps, adhering to hedging principles and risk-neutral management [2]. - The effective period for these transactions is 12 months from the board meeting approval [2]. Risk Analysis of Foreign Exchange Derivative Transactions - The company acknowledges potential risks including unforeseen changes in domestic and international economic conditions, counterparty defaults, overdue receivables, and operational errors due to the complexity of foreign exchange derivative transactions [3][4]. Risk Control Measures - The company has established clear internal control systems, including defined responsibilities and risk reporting mechanisms, to manage the foreign exchange hedging activities [4]. Impact and Accounting Treatment of Foreign Exchange Derivative Hedging Transactions - Engaging in foreign exchange hedging is aimed at effectively mitigating risks from foreign exchange market volatility, improving the efficiency of foreign currency usage, and reducing financial costs [4]. - The company will follow relevant accounting standards for financial instruments and hedge accounting to process and disclose the hedging activities in its financial reports [4]. Review Procedures and Opinions - The board of directors and the supervisory board have approved the proposal for foreign exchange derivative hedging transactions, affirming that it will not harm the interests of the company or its shareholders [5]. - The sponsor institution has verified that the proposed hedging activities comply with legal regulations and internal control measures, supporting the company's risk management strategy [5][6].