常州澳弘电子股份有限公司关于开展外汇衍生品交易业务的公告

Core Viewpoint - The company, Changzhou Aohong Electronics Co., Ltd., has announced its plan to engage in foreign exchange derivative trading to mitigate foreign currency exchange rate risks and ensure stable operations [2][3]. Summary by Sections Trading Overview - The purpose of the trading is to prevent and control foreign currency exchange rate risks, aligning with the company's operational needs [3]. - The company and its subsidiaries plan to utilize a maximum trading margin and premium of up to 70 million RMB (or equivalent foreign currency) and a maximum contract value of 800 million RMB (or equivalent foreign currency) on any trading day [4]. Funding Source - The funds for engaging in foreign exchange derivative trading will come from the company's own capital [5]. Trading Methods - Foreign exchange derivatives include products such as forwards, swaps, and options, which can be settled either physically or through cash differences. The trading will be based on the company's international business foreign currency receipts and payments [6]. Authorization and Duration - The board of directors has authorized the management to approve foreign exchange derivative trading applications within the authorized amount for a period of 12 months, effective from the date of board approval [8]. Risk Analysis and Management - The company acknowledges potential risks including market risk, liquidity risk, credit risk, and operational risk, and emphasizes that all trading will be based on normal cross-border business [9][10]. - Risk management measures include strict adherence to trading procedures, careful selection of trading partners, and ongoing monitoring of market information to mitigate operational risks [10]. Impact on the Company - The foreign exchange derivative trading is intended to effectively mitigate the impact of exchange rate fluctuations on the company's performance and will not affect the normal operation of the company's funds [11][12].