华光新材: 华光新材期货和衍生品交易管理制度

Core Viewpoint - The company has established a comprehensive management system for futures and derivatives trading to mitigate risks associated with raw material price fluctuations and exchange rate volatility, ensuring compliance with relevant laws and regulations [1][13]. Group 1: General Principles - The trading activities must adhere to principles of legality, prudence, safety, and effectiveness, focusing on risk management rather than speculation [4][5]. - The company is prohibited from using raised funds for futures and derivatives trading [4]. Group 2: Responsibilities and Authority - A feasibility analysis report must be prepared for futures and derivatives trading and submitted to the board's audit committee for review before board approval [2]. - Certain trading scenarios require shareholder approval if they exceed specified thresholds related to net profit and net assets [2][3]. Group 3: Operational Principles - The company can only engage in hedging activities related to its production and operational needs, using specific commodities and financial instruments [5][6]. - Transactions must be conducted through legally recognized domestic futures exchanges or qualified financial institutions [6]. Group 4: Specific Operational Procedures - The designated department is responsible for developing trading plans and conducting feasibility analyses, which must be approved by the board [7][8]. - The department must continuously monitor market prices and assess risk exposure, reporting to management and the board [8]. Group 5: Information Disclosure and Record Management - The company must disclose trading purposes, types, tools, and expected financial commitments in accordance with regulatory requirements [10][11]. - All trading-related documents must be retained for a minimum of five years [12]. Group 6: Compliance and Enforcement - Violations of laws or regulations in trading activities will result in serious consequences for responsible personnel, including potential legal action [13].