Greenway(SH:688345) Zheng Quan Zhi Xing·2025-08-26 12:17Core Viewpoint - The document outlines the management system for forward foreign exchange trading at Guangdong Boliview Technology Co., Ltd., aiming to regulate operations, mitigate risks from exchange rate fluctuations, and ensure compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The system is designed to standardize forward foreign exchange trading operations and prevent risks associated with exchange rate volatility [1]. - Forward foreign exchange trading refers specifically to low-risk transactions conducted with banks to hedge against exchange rate risks, including forward foreign exchange settlement and RMB foreign exchange swap [1][2]. - The company and its subsidiaries must adhere to national laws and the established internal regulations when engaging in forward foreign exchange trading [2]. Group 2: Operational Principles - Forward foreign exchange trading must be based on normal business operations and aimed at risk mitigation rather than speculative profit [2][3]. - Transactions are only permitted with banks approved by the State Administration of Foreign Exchange and the People's Bank of China, prohibiting dealings with unauthorized entities [2][3]. - The company must maintain a cautious forecast of foreign currency payment plans, with annual cumulative foreign currency amounts not exceeding approved business limits [3]. Group 3: Approval Authority - A feasibility analysis report must be prepared and submitted to the board of directors for approval before engaging in forward foreign exchange trading [3][4]. - Certain conditions, such as the expected margin and premium exceeding 50% of the latest audited net profit or the maximum contract value exceeding a specified percentage of net assets, require shareholder approval [3][4]. - The company can estimate future trading ranges and limits for up to twelve months to streamline the approval process [3][4]. Group 4: Internal Operations - The board of directors authorizes the chairman or designated personnel to manage and operate forward foreign exchange trading within approved limits [4][5]. - The finance center is responsible for executing trading plans, managing funds, and reporting significant risks to the chairman [5][6]. - The audit department oversees the actual operations, including fund usage and compliance with internal regulations [5][6]. Group 5: Risk Management - The finance center must ensure timely settlement of contracts with financial institutions based on agreed terms [7]. - In cases of significant exchange rate fluctuations, the finance center is required to analyze the situation and report to the chairman and potentially the board [7]. - Any major risks identified must be reported promptly, and if they meet disclosure standards, the company must make timely announcements [7].