Core Viewpoint - The company intends to conduct foreign exchange hedging activities to mitigate foreign exchange market risks and protect its operating performance from significant currency fluctuations [2][3][6]. Business Overview - The company has a high proportion of export business, with a significant portion settled in RMB and some in USD. The hedging activities will involve a maximum of 80 million RMB or equivalent foreign currency, with a margin not exceeding 6 million RMB or equivalent foreign currency [2][3]. - The hedging transactions will include forward foreign exchange settlements and foreign exchange swaps, with a focus on risk management rather than speculative trading [2][4]. Approval Process - The foreign exchange hedging business was approved during the company's board and supervisory meetings on August 22, 2025, and does not constitute a related party transaction [3][6]. Risk Analysis - The company acknowledges potential risks associated with exchange rate fluctuations, internal control weaknesses, counterparty selection, and legal compliance. However, it emphasizes that all counterparties will be reputable financial institutions, minimizing performance risk [3][4]. Risk Control Measures - The company has established a management system for foreign exchange hedging, outlining operational principles and approval authority, ensuring adherence to hedging principles and monitoring business processes [4]. Accounting Principles - The company will account for and disclose foreign exchange hedging activities in accordance with relevant accounting standards and guidelines [5]. Feasibility Analysis Conclusion - The high export business ratio justifies the need for foreign exchange hedging to reduce expected risks and foreign exchange losses, aligning with the company's prudent operational requirements. The supervisory board supports the decision, confirming that it does not harm shareholder interests [6].
通达创智拟开展不超8000万元外汇套期保值业务