Core Points - The company has established a set of regulations to manage foreign exchange derivative trading, ensuring compliance with relevant laws and safeguarding asset security [1][8] - The foreign exchange derivative trading activities are aimed at hedging against currency and interest rate risks, and must not involve speculation or arbitrage [2][3] - All foreign exchange derivative transactions must be conducted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2][3] Summary by Sections Chapter 1: General Provisions - The regulations are designed to standardize the company's foreign exchange derivative trading and related information disclosure [1] - The term "foreign exchange derivative trading" includes various financial instruments used to mitigate currency and interest rate risks [1] Chapter 2: Operating Principles and Procedures - The company must adhere to principles of legality, prudence, safety, and effectiveness in foreign exchange derivative trading [2] - Transactions must be based on forecasts of foreign currency receipts and payments, and the amounts involved should not exceed these forecasts [2][3] Chapter 3: Approval Procedures - All foreign exchange derivative transactions require board approval, especially those exceeding 20% of the latest audited net assets or 50 million yuan [3][4] - The management is responsible for executing transactions within the approved limits [4] Chapter 4: Information Disclosure - The company’s securities department is responsible for ensuring compliance with disclosure requirements related to foreign exchange derivative trading [5][6] - Any significant risks or losses must be disclosed promptly through temporary announcements [5] Chapter 5: Information Isolation Measures - All personnel involved in foreign exchange derivative trading must adhere to confidentiality protocols [6] Chapter 6: Internal Risk Reporting and Management Procedures - The company must implement measures to assess and mitigate risks associated with foreign exchange derivative trading [7] - The finance department is tasked with monitoring market prices and evaluating risks related to counterparties [7][8] Chapter 7: Supplementary Provisions - Any matters not covered by these regulations will be governed by relevant national laws and regulations [8]
润丰股份: 外汇衍生品交易业务管理制度