ANGEL YEAST(SH:600298) Zheng Quan Zhi Xing·2025-08-14 16:15Core Viewpoint - The document outlines the foreign exchange and interest rate risk management system of Angel Yeast Co., Ltd, aiming to standardize and enhance the management of these risks to ensure asset safety and compliance with relevant laws and regulations [1][2]. Section Summaries Purpose - The purpose of the system is to regulate the foreign exchange and interest rate risk management work of the company, ensuring asset safety and compliance with laws and regulations [1]. Scope - The risk management activities are limited to major settlement currencies used in the company's international business, including but not limited to USD, EUR, RUB, and EGP. The company will utilize various financial instruments to manage these risks [2]. Roles and Responsibilities - The financial department's risk management team, led by the financial manager, is responsible for drafting transaction plans, which include transaction types, limits, and methods. The plans must be approved by the general manager after review by the responsible leader [3][4]. Business Authorization - The decision-making bodies for risk management include the shareholders' meeting, board of directors, and management. Transactions exceeding 30% of the company's audited total revenue must be approved by the shareholders' meeting [4]. Management Principles - The risk management activities must align with the company's operational principles, focusing on hedging to minimize risks. Speculative trading is prohibited, and all activities must be managed centrally by the financial department [5]. Additional Provisions - The company must conduct transactions only with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China. The company is required to establish its own trading accounts for these activities [5].