信维通信: 外汇套期保值管理制度

General Principles - The foreign exchange hedging management system is established to standardize the foreign exchange hedging business of the company and effectively prevent and mitigate risks [1] - The system applies to the company and its controlling subsidiaries, with the latter's hedging activities managed uniformly by the company [1][2] - The primary purpose of the foreign exchange hedging business is to avoid and mitigate exchange rate risks, aligning with the company's actual business operations [1][2] Operational Regulations - The foreign exchange hedging business must be conducted using the company's accounts and cannot involve third-party accounts [2] - Transactions are only permitted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The company must have sufficient self-owned funds for hedging activities and cannot use raised funds for these purposes [2] Approval and Limits - The limits for foreign exchange hedging activities are determined by the company's board of directors or shareholders [3] - The types of hedging business include spot/forward foreign exchange transactions, foreign exchange swaps, options, and interest rate swaps, with any new types requiring board approval [3] Management and Internal Processes - Responsibilities for the foreign exchange hedging business include formulation, funding, operations, and daily management [4] - The internal process involves analyzing exchange rate trends, assessing hedging needs, and submitting applications for approval [4] - All personnel involved in hedging must adhere to confidentiality protocols regarding the business's details [4] Risk Reporting and Handling - The funds management department must settle with financial institutions based on the terms of the hedging contracts [4] - In cases of significant exchange rate fluctuations, the funds management department must analyze the situation and report to relevant parties [4] - If hedging losses reach or exceed 10% of the company's audited net profit attributable to shareholders or 10 million RMB, the finance department must report to the chairman and board [4] Miscellaneous - Any matters not covered by this system will follow national laws and regulations as well as the company's articles of association [5] - The board of directors holds the interpretation rights of this system, which takes effect upon approval [5]