Hitevision (SZ:002955) Xin Lang Cai Jing·2025-08-26 12:51Core Viewpoint - Honghe Technology Co., Ltd. has approved a proposal to engage in foreign exchange derivative hedging transactions to mitigate uncertainties arising from exchange rate fluctuations in its overseas business [1][2]. Group 1: Business Strategy - The company has been expanding its overseas business, which is primarily settled in foreign currencies such as USD and EUR, leading to significant exposure to exchange rate volatility [1]. - The approved foreign exchange derivative business will have a maximum trading margin and premium limit of up to $10 million, with the highest contract value on any trading day not exceeding $200 million [1]. Group 2: Risk Management - The foreign exchange derivative trading will include various products such as forward foreign exchange contracts, currency swaps, and foreign exchange options, with transactions conducted through qualified financial institutions [2]. - The company has established an internal control system for foreign exchange derivative trading to manage risks, including market, liquidity, performance, customer default, operational, and legal risks [2].