嘉麟杰拟开展不超6000万美元外汇衍生品交易业务

Core Viewpoint - Shanghai Jialinjie Textile Co., Ltd. announced plans to engage in foreign exchange derivative trading to mitigate risks from foreign exchange rate fluctuations and enhance financial stability [1][3]. Group 1: Business Rationale - The company primarily operates in export, involving significant foreign currency transactions, which are subject to frequent fluctuations due to international political and economic uncertainties [1]. - The foreign exchange derivative trading is expected to effectively hedge against market risks and improve the efficiency of foreign currency fund utilization, thereby reducing financial costs [1][3]. Group 2: Trading Details - The total trading amount will not exceed 60 million USD (or equivalent foreign currency), with a maximum limit for transaction margin and premiums set at 1 million USD (or equivalent foreign currency) [1][2]. - The trading will include various instruments such as forward contracts, options, currency swaps, and dual currency deposits, with transactions conducted using the company's own funds [2]. Group 3: Governance and Risk Management - The board of directors approved the foreign exchange derivative trading proposal without requiring shareholder approval, granting management the authority to make decisions within the set limits [2]. - The company has established an internal management system for foreign exchange-related activities to mitigate risks, including market, liquidity, performance, and legal risks [2].