Zheng Quan Zhi Xing·2025-08-29 18:14Group 1 - The core purpose of the foreign exchange hedging business is to mitigate risks associated with exchange rate fluctuations due to the company's expanding overseas operations and increasing foreign currency transactions [1][2] - The company plans to conduct foreign exchange hedging transactions involving various currencies, primarily including the US dollar, to protect against exchange rate risks [1][2] - The total amount for the foreign exchange hedging business is capped at 20 million USD or equivalent foreign currency, with a validity period of 12 months from the board's approval [2][5] Group 2 - The company will only engage with qualified financial institutions approved by regulatory authorities for foreign exchange hedging transactions, ensuring low counterparty risk [3][4] - A comprehensive risk management framework has been established, including internal controls and procedures to minimize operational risks associated with foreign exchange hedging [3][4] - The company will continuously monitor market prices and assess the risk exposure of foreign exchange derivatives, reporting any anomalies to management [3][4] Group 3 - The foreign exchange hedging business is aligned with the company's operational needs and aims to enhance financial stability without harming the interests of shareholders [4][6] - The board and audit committee have approved the foreign exchange hedging proposal, confirming that it meets the company's business development requirements [5][6] - The company has developed a management system for foreign exchange hedging, detailing principles, approval authority, and risk handling procedures [4][6]