Core Viewpoint - The document outlines the foreign exchange hedging management system of Shenzhen Demingli Technology Co., Ltd, aiming to standardize operations, mitigate foreign currency exchange and interest rate risks, and ensure compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The foreign exchange hedging business is defined as activities conducted with qualified financial institutions to mitigate foreign exchange or interest rate risks, including but not limited to forward foreign exchange transactions, foreign exchange swaps, interest rate swaps, and foreign exchange options [1][2]. - The hedging activities must be based on normal business operations and should not affect the company's regular production or be conducted for speculative purposes [2][3]. Group 2: Approval and Management - The finance department is responsible for the execution of foreign exchange hedging activities, which includes planning, funding, and daily management [5][6]. - Any foreign exchange hedging transaction must be based on the company's foreign exchange income and expenditure budget, and the amount involved should not exceed the budgeted figures [3][4]. Group 3: Risk Management and Reporting - The company must establish a risk reporting system to monitor and manage risks associated with foreign exchange hedging activities, including a mechanism for early warning and stop-loss [6][9]. - In case of significant market changes or risks, the finance department must report to the board and initiate emergency measures [4][9]. Group 4: Information Disclosure - The company is required to disclose information regarding foreign exchange hedging activities in accordance with the regulations set by the Shenzhen Stock Exchange [10]. - Any confirmed gains or losses from foreign exchange hedging that meet regulatory disclosure standards must be reported promptly [10]. Group 5: Documentation and Record Keeping - All documentation related to foreign exchange hedging activities, including transaction records and agreements, must be archived by the finance department for a period of 10 years [10].
德明利: 外汇套期保值业务管理制度（2025年9月）