Core Viewpoint - The company intends to increase its foreign exchange derivatives trading limit to effectively hedge against foreign exchange market risks while supporting its operational needs, without engaging in speculative trading [1][2][5]. Group 1: Trading Overview - The purpose of the trading is to mitigate foreign exchange market risks and is based on normal production and operational needs [1]. - The types of foreign exchange derivatives to be traded include forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations, primarily involving USD and EUR [1]. - The total value limit for the foreign exchange derivatives contracts is proposed to be increased to $40 million or equivalent currencies, with a maximum contract value at any point not exceeding $40 million [2][3]. Group 2: Funding and Counterparties - The funding for the foreign exchange derivatives business will come from the company's own funds and will not involve raised capital [3]. - The trading counterparties will be commercial banks and financial institutions approved by regulatory authorities, with transactions conducted overseas to manage foreign exchange risks [3]. Group 3: Risk Analysis and Control Measures - The company acknowledges potential market risks associated with derivatives trading, including internal control weaknesses and operational risks [4]. - Risk control measures include strict adherence to internal regulations, professional training for staff, and regular audits by professional institutions [4]. Group 4: Impact on the Company - Engaging in foreign exchange derivatives trading is aimed at enhancing the company's ability to respond to foreign exchange fluctuations, thereby reducing financial costs and improving the efficiency of foreign currency usage [5]. Group 5: Approval Process - The company’s board approved the increase in the foreign exchange derivatives trading limit on August 27, 2025, and the matter will be submitted for shareholder approval [5]. Group 6: Sponsor's Review Opinion - The sponsor believes that the increase in the foreign exchange derivatives trading limit aligns with the company's operational needs and that appropriate risk management measures are in place [5][6].

Core Viewpoint - Great Wall Motor Co., Ltd. plans to engage in foreign exchange derivative trading to mitigate foreign exchange volatility risks and enhance financial stability [1] Group 1: Trading Details - The maximum contract value for foreign exchange derivative trading will not exceed RMB 20 billion or its equivalent in other currencies [1] - The expected margin and premium used will not exceed RMB 3.5 billion or its equivalent in other currencies at any point during the trading period [1] - The trading will include various instruments such as forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations [1] - The trading venues will be institutions with legal foreign exchange trading qualifications, and the company plans to conduct related business overseas [1] - The trading period will generally not exceed three years, matching the underlying transaction period [1] Group 2: Approval Process - The matter has been approved by the 41st meeting of the 8th Board of Directors and does not require submission to the shareholders' meeting [2] - The Board of Directors has authorized the Chief Financial Officer to exercise decision-making authority and sign relevant documents within the specified limits and duration [2] Group 3: Risk Analysis and Measures - Market risk exists due to potential differences between contract exchange rates and actual rates at maturity, which may lead to losses [3] - Liquidity risk may arise from unreasonable purchasing arrangements [3] - Counterparty risk is minimized as the company will only engage with financially sound institutions with which it has long-term business relationships [3] - The company will implement strict management systems for foreign exchange derivative trading, adhering to prudent and safe principles, and will not engage in speculative trading [3] - Regular audits and evaluations of derivative trading will be conducted by the internal audit department [3] Group 4: Accounting Treatment and Audit Opinion - The company will account for the foreign exchange derivative trading business according to relevant accounting standards [4] - The Audit Committee of the Board believes that this business is closely related to daily operational needs and can mitigate the impact of foreign exchange and interest rate fluctuations, thus it is reasonable and necessary [4]

Core Viewpoint - The company aims to enhance its ability to manage foreign exchange risk and improve financial stability by engaging in foreign exchange derivative transactions closely related to its main business [1][2][5] Summary by Relevant Sections Transaction Purpose - The company intends to mitigate foreign exchange rate fluctuations and enhance financial stability through foreign exchange derivative transactions, focusing on hedging rather than speculation [1][2] Transaction Types and Tools - The derivatives include but are not limited to forward foreign exchange contracts (including differential delivery), foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations [1][4] Transaction Amount, Margin, and Premium - The maximum contract value held at any point during the transaction period will not exceed RMB 20 billion or its equivalent in other currencies [1][2] - The expected margin and premiums utilized will not exceed RMB 3.5 billion or its equivalent in other currencies at any point during the transaction period [1][2] Funding Sources - The funding for the foreign exchange derivative transactions will primarily come from the company's own funds [3] Risk Analysis and Control Measures - The company will engage in transactions with reputable financial institutions to minimize credit risk and will implement strict risk management principles to avoid speculative trading [5][6] - The company has established a management system for foreign exchange derivative transactions and has taken effective risk control measures [5][6] Accounting Policies and Principles - The company will follow relevant accounting standards for the recognition and measurement of financial instruments in its foreign exchange derivative transactions [5] Board Committee Review Opinion - The board's audit committee supports the foreign exchange derivative transactions as they are closely related to daily operational needs and can mitigate the impact of exchange rate fluctuations on the company [5]

Core Viewpoint - Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. plans to increase its foreign exchange derivatives trading limit from $20 million to $40 million due to foreign exchange market fluctuations and an increase in foreign currency deposits [1][2]. Business Situation - The company initially set a total value limit of $20 million for foreign exchange derivatives contracts, which can be rolled over within 12 months from the date of shareholder meeting approval. As of June 30, 2025, the balance of foreign exchange derivatives trading was $19.35 million [2]. - After the increase, the maximum cumulative contract value at any point during the period from the first extraordinary general meeting in 2025 to December 1, 2025, will not exceed $40 million [2]. Business-Related Information - The purpose of the trading is to effectively hedge against foreign exchange market risks, aligning with funding management requirements and daily operational needs, without engaging in speculative trading for profit [3]. - The trading instruments include forward foreign exchange contracts, foreign exchange swaps, currency swaps, foreign exchange options, interest rate swaps, interest rate swaps, interest rate options, and their combinations, involving major currencies such as USD and EUR [3]. - The funding source will be the company's own funds, and the trading will be conducted with qualified domestic and international financial institutions [3]. - The board of directors will seek authorization from the shareholders' meeting for the chairman or authorized personnel to make decisions and sign relevant legal documents within the set limits [3]. Review Procedure - The company held its second board meeting on August 27, 2025, where the proposal to increase the foreign exchange derivatives trading limit was approved, pending shareholder meeting approval [4]. - The company has established a foreign exchange trading management system and implemented various risk control measures, including market adjustment strategies and regular internal audits [4].

Core Viewpoint - Wuhan LianTe Technology Co., Ltd. plans to engage in financial derivatives trading to mitigate foreign exchange risk due to significant overseas business operations [1][2] Business Overview - The purpose of the financial derivatives business is to reduce or hedge against foreign exchange and interest rate fluctuations, thereby protecting the company's main operations from adverse financial market impacts [2] - The types of financial derivatives to be engaged in include foreign exchange forwards, swaps, options, and interest rate derivatives [2] - The total trading limit is set at a maximum of 220 million RMB (or equivalent foreign currency), with a maximum contract value of 2.2 billion RMB (or equivalent foreign currency) at any point during the contract's duration [2] Risk Analysis and Control - Identified risks include foreign exchange fluctuation risk, transaction default risk, operational risk, and legal risk [3] - Risk control measures involve conducting business with the aim of hedging, careful forecasting based on foreign currency receipts and payments, and establishing a robust risk warning and reporting mechanism [3] Accounting Policies and Principles - The company will adhere to relevant accounting standards, including the Accounting Standard for Enterprises No. 24 - Hedge Accounting, ensuring accurate and truthful transaction reporting [4] Business Impact and Review - Engaging in financial derivatives trading is expected to enhance the company's ability to manage foreign exchange risks, stabilize operating performance, and align with daily operational needs without speculative intent [5] - The business initiative has been approved by the board of directors, supervisory board, and independent directors, with no objections from the sponsoring institution [5]

Core Viewpoint - Rongjie Health Technology Co., Ltd. plans to engage in financial derivatives trading to mitigate foreign exchange risk associated with its export business, primarily settled in USD [1][2]. Summary by Sections Trading Overview - The company aims to conduct financial derivatives trading to hedge against foreign exchange fluctuations and reduce financial costs, focusing on non-speculative operations [1]. - The trading will involve currencies aligned with the company's primary settlement currency, including forward foreign exchange, foreign exchange swaps, currency swaps, foreign exchange options, and other financial derivatives [1]. - The trading limit is set at a maximum of RMB 100 million (or equivalent foreign currency), valid for 12 months from board approval, and can be reused [1]. Approval Process - The proposal for financial derivatives trading was approved by the company's board of directors on August 25, 2025, and does not require shareholder meeting approval [2]. Risk Analysis - The company acknowledges potential risks, including foreign exchange volatility, internal control weaknesses, liquidity issues, and legal risks associated with changes in laws or counterparty defaults [2]. - To mitigate these risks, the company has established a management system for financial derivatives trading, ensuring careful contract review and adherence to risk management protocols [2]. Impact on the Company - Engaging in financial derivatives trading is expected to help the company avoid foreign exchange market risks, lower financial costs, and enhance foreign exchange gains without adversely affecting its financial and operational status [3]. - The company will account for these transactions according to relevant accounting standards, with specific outcomes subject to audit [3].

Core Viewpoint - The company intends to engage in foreign exchange derivative trading to mitigate risks associated with foreign exchange rate fluctuations, thereby enhancing financial stability and operational performance [1][5]. Summary by Sections Transaction Overview - The company and its subsidiaries aim to conduct foreign exchange derivative transactions to reduce risks from foreign exchange rate volatility, with a planned trading amount not exceeding 200 million RMB (or equivalent in other currencies) [1][2]. - The trading period for these transactions is valid for 12 months from the approval date by the board of directors, with the maximum contract value at any point not exceeding 200 million RMB [1][2]. Funding Source - The funding for the foreign exchange derivative transactions will come from the company's own funds, without involving raised funds or bank credit [2]. Trading Method - The company will utilize straightforward and transparent foreign exchange derivative instruments such as forward contracts, options, and swaps, adhering to hedging principles and risk-neutral management [2][3]. - Transactions will be conducted with reputable domestic and international financial institutions qualified for foreign exchange derivative trading [2]. Authorization for Trading - The board of directors has authorized the general manager or designated business leaders to make decisions and sign relevant documents within the approved limits and timeframe [2]. Review Procedures - The board of directors approved the proposal for foreign exchange derivative trading on August 25, 2025, confirming that the decision falls within their authority and does not require shareholder approval [3]. Supervisory Board Opinion - The supervisory board supports the foreign exchange derivative trading as it effectively mitigates foreign exchange market risks and enhances the efficiency of foreign exchange fund utilization [3]. Risk Analysis - The company acknowledges potential risks associated with foreign exchange derivative trading, including market risks due to price fluctuations and risks from inadequate internal controls [4]. Risk Control Measures - The company will implement strict internal controls and procedures to ensure that all trading activities are conducted within the authorized limits and are aimed at hedging rather than speculation [4]. - Regular reporting on risk exposure changes will be conducted to management, with emergency measures in place for any identified risks [4]. Impact and Accounting Treatment - Engaging in foreign exchange derivative trading is expected to improve the company's ability to manage foreign exchange risks, thereby protecting operational performance and shareholder interests [5]. - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to these transactions [5]. Sponsor Institution's Review Opinion - The sponsor institution has confirmed that the company has followed necessary internal decision-making procedures for the foreign exchange derivative trading proposal and has no objections to the matter [5].

青岛日辰食品股份有限公司 关于公司开展外汇套期保值业务的可行性分析报告 一、交易情况概述 （一）交易目的 为有效规避外汇市场风险，降低汇率波动对公司经营业绩带来的不利影响， 公司拟开展外汇套期保值业务，保障进出口业务的正常运行。公司开展外汇套期 保值业务遵循合法、谨慎、安全和有效的原则，不做投机性、套利性的交易操作。 （二）交易金额 公司拟开展的外汇套期保值业务规模总额不超过 5,000 万元人民币或等值外 币，上述额度在有效期可循环滚动使用，且任一时点的交易金额均不超过上述额 度。 （三）资金来源 公司拟开展的外汇套期保值业务的资金来源为自有资金。 （四）交易方式 交易币种：实际业务发生的结算币种，主要币种为日元、美元等。 交易品种：包括但不限于远期结售汇、外汇掉期、外汇互换、外汇期权及其 他外汇衍生产品业务。 交易场所：境内经监管机构批准、具有相应业务资质，并满足公司套期保值 业务条件的场内交易场所。 （五）有效期限 自本次董事会审议通过之日起一年内有效。 （六）授权事项 保值合约方向不一致时，意味着公司虽然锁定了外汇风险，但是放弃了汇率向公 司有利方向波动的正面影响和收益，增加公司机会成本； 不可控风险 ...

Core Viewpoint - The document outlines the management measures for foreign exchange derivative trading at Nantong Taihe Chemical Co., Ltd, aiming to standardize operations, enhance risk management, and ensure asset safety [1][2]. Group 1: General Principles - The foreign exchange derivative trading is defined as trading activities involving swap contracts, forward contracts, and non-standard options, among others [1]. - The company and its subsidiaries must adhere to the principles of legality, prudence, safety, and effectiveness in conducting foreign exchange derivative trading [2]. Group 2: Business Operations - Foreign exchange derivative trading must be based on the company's foreign currency receivables and payables forecasts, ensuring that the contract amounts do not exceed these forecasts [2][3]. - The company is required to establish trading accounts in its own name and cannot use third-party accounts for trading [3]. Group 3: Responsibilities and Approval Authority - The document specifies the responsibilities for planning, funding, operations, and daily management of foreign exchange derivative trading [4]. - The board of directors is responsible for approving significant trading activities, especially those involving substantial financial commitments [4]. Group 4: Internal Management and Procedures - The internal operating procedures for foreign exchange derivative trading include analysis of future foreign exchange trends and obtaining necessary approvals before implementation [5][6]. - All personnel involved in trading must comply with confidentiality protocols to protect sensitive information related to trading activities [5]. Group 5: Risk Reporting and Management - The finance center must analyze and report any significant fluctuations in exchange or interest rates to the management for timely decision-making [6]. - In case of major anomalies in trading activities, the finance center is responsible for submitting analysis reports and proposed solutions to mitigate risks [6]. Group 6: Information Disclosure and Record Keeping - All foreign exchange derivative trading activities must be disclosed in accordance with legal and regulatory requirements, detailing the purpose, instruments, and expected financial implications [7][8]. - The finance center is tasked with maintaining all relevant documentation related to foreign exchange derivative trading, ensuring proper record-keeping [8].

Overview of the Announcement - The company aims to conduct foreign exchange derivative transactions to mitigate risks associated with foreign exchange rate fluctuations and enhance financial stability [1][2] - The total transaction amount is capped at 15 million USD (or equivalent in RMB) over a period of 12 months, starting from the approval date by the board [1][2] Transaction Details - The funding for the foreign exchange derivative transactions will come from the company's own funds, without involving raised funds or bank credit [2] - The company will utilize simple and transparent foreign exchange derivative instruments such as forward contracts, options, and swaps, ensuring that transactions are not speculative or arbitrage in nature [2][3] - The board has authorized the general manager or designated business leaders to make decisions and sign relevant documents within the approved limits [2][3] Risk Management - The company acknowledges potential risks including exchange rate fluctuations, internal control weaknesses, customer default risks, and liquidity risks [3][4] - To mitigate these risks, the company will adopt a cautious approach, ensuring that foreign exchange assets and liabilities are well-matched, and will select reputable financial institutions as trading partners [4][5] - A dedicated management system for foreign exchange derivative transactions has been established, with trained personnel to oversee operations and compliance with legal regulations [5][6] Impact on Financial Performance - The foreign exchange derivative transactions are expected to enhance the company's ability to manage foreign exchange risks, thereby protecting its operating performance and shareholder interests [4][6] - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to these transactions [4][6] Sponsor's Review - The sponsor has confirmed that the board's approval process for the foreign exchange derivative transactions was properly followed and that the company has established necessary risk control measures [6]