Core Viewpoint - The company has approved a plan to engage in foreign exchange derivative trading to mitigate foreign exchange risks associated with its export business, aiming to enhance financial stability and efficiency in foreign currency usage [1][2]. Group 1: Reasons and Objectives - The company and its subsidiaries aim to conduct foreign exchange derivative trading to effectively hedge against foreign exchange market risks and prevent adverse impacts from significant exchange rate fluctuations on company performance [1][2]. Group 2: Types of Derivative Transactions - The foreign exchange derivative transactions will include products closely related to the company's core business, such as foreign exchange forwards, swaps, options, structured forwards, interest rate swaps, interest rate options, and currency swaps [2]. Group 3: Transaction Limits and Authorization - The total amount for foreign exchange derivative trading is capped at USD 20 million, with the authorization to be valid for 12 months from the board's approval date, allowing for rolling usage within this limit [1][2]. Group 4: Risk Analysis and Control Measures - The company will adhere to principles of legality, prudence, safety, and effectiveness in its derivative trading, avoiding speculative and purely arbitrage transactions. Risk control measures include establishing clear internal procedures, approval authority, and regular risk exposure assessments [3][4]. Group 5: Accounting Policies - The company will follow relevant accounting standards for financial instruments and hedge accounting to ensure proper accounting treatment for the foreign exchange derivative transactions [3][4]. Group 6: Supervisory Board Opinion - The supervisory board supports the foreign exchange derivative trading initiative, confirming that it aligns with legal regulations and does not harm the interests of the company or its shareholders, particularly minority shareholders [4].

Core Viewpoint - Jingrui Electronic Materials Co., Ltd. has approved a proposal to engage in foreign exchange derivative trading to mitigate risks associated with currency fluctuations [1][4]. Group 1: Trading Basic Information - The company and its subsidiaries are involved in foreign currency settlements for raw material imports and product exports, primarily in USD, JPY, and HKD [2]. - The maximum contract value held on any trading day is expected to not exceed $6.5 million, with a maximum margin and premium limit of $650,000 [2]. - The trading period is set for 12 months following the board's approval, with the ability to roll over the usage of the limit [2]. - The trading will involve various instruments, including forward foreign exchange contracts, swaps, options, and interest rate derivatives [2]. Group 2: Risk Analysis and Control - The company acknowledges several risks associated with foreign exchange derivative trading, including market risk, liquidity risk, credit risk, policy risk, operational risk, and forecasting risk [3]. - To mitigate these risks, the company has implemented strict management protocols, including prohibiting speculative trading, collaborating with qualified financial institutions, and continuous monitoring of price changes [4]. - The board and supervisory committee have approved the trading activities, emphasizing that they align with the company's operational needs and do not harm shareholder interests [4].

Core Viewpoint - The company and its subsidiaries plan to engage in foreign exchange derivative trading to hedge against currency fluctuations, thereby enhancing financial stability and risk management capabilities [2][3][7] Group 1: Basic Information on Foreign Exchange Derivative Trading - The primary investment objective is to mitigate risks associated with currency fluctuations due to the company's import and export activities, predominantly involving USD, JPY, and HKD [2][3] - The maximum contract value held on any trading day is expected to not exceed 6.5 million USD (or equivalent foreign currency), with a maximum margin and premium limit of 650,000 USD (or equivalent) [2][3][6] - The trading will be conducted with reputable domestic and foreign banks that have the qualifications for foreign exchange derivative trading [3][4] Group 2: Risk Analysis and Control Measures - The company aims to avoid speculative trading and focuses on hedging, although risks such as market liquidity and operational errors still exist [4][5] - Risk control measures include strict adherence to internal procedures, approval authority, and regular reporting of risk exposure changes to management [5][6] - The company has established a management system for foreign exchange derivative trading and has taken necessary risk control measures [7] Group 3: Approval Procedures - The board of directors has approved the foreign exchange derivative trading proposal, allowing the use of self-owned funds for the transactions without requiring shareholder approval [6][7] - The supervisory board supports the initiative, recognizing its potential to enhance financial stability and risk management without harming shareholder interests [6][7]

Group 1: Daily Related Transactions - The company announced a daily related transaction involving its wholly-owned subsidiary, Laibin Jinpan Energy Comprehensive Utilization Co., Ltd., and the related party, Hainan Jirui Haohan Power System Technology Co., Ltd., for the procurement of equipment and engineering services for a low-temperature waste heat power generation project, with a contract amount not exceeding 10.63 million yuan [5][10] - The independent directors unanimously agreed that the transaction is based on normal business interactions, follows fair pricing principles, and does not harm the interests of the company or its shareholders, particularly minority shareholders [2][3] - The board of directors approved the related transaction without the need for shareholder meeting approval, as the transaction amount did not exceed 30 million yuan in the past 12 months [4][12] Group 2: Foreign Exchange Hedging Business - The company plans to conduct foreign exchange hedging business with a maximum amount of up to 225 million USD or equivalent foreign currency to mitigate risks from exchange rate fluctuations, with the authorization valid for 12 months [15][17] - The hedging activities will include forward foreign exchange contracts, currency swaps, foreign exchange sales, and options, focusing on normal production and operational needs rather than speculative trading [19][21] - The company will utilize its own funds for the hedging activities, ensuring that the operations are based on legitimate business needs and do not involve fundraising [18][20]

Group 1 - The core viewpoint of the article is that Dongpeng Beverage Group plans to engage in foreign exchange derivative trading to manage increasing foreign exchange risks associated with its expanding overseas operations [2][3][6] - The company aims to lock in costs and effectively hedge against foreign exchange market risks to prevent adverse impacts from significant exchange rate fluctuations [2][3] - The trading will involve a total amount not exceeding RMB 700 million (or equivalent foreign currency) at any given time, funded by the company's own or self-raised funds [2][3] Group 2 - The types of foreign exchange derivatives to be traded include but are not limited to currency swaps, foreign exchange forwards, foreign exchange swaps, and foreign exchange options [3] - The trading counterparties will be banks and financial institutions approved by relevant government departments, and no related parties will be involved in these transactions [3] - The board of directors has authorized the chairman or designated personnel to execute the foreign exchange derivative trading business within the specified limits and duration [3] Group 3 - The company will strengthen its research and analysis on exchange rates and adjust its operational strategies in response to market changes to mitigate risks from exchange rate fluctuations [6][7] - The company has established relevant management systems to regulate trading behavior and control risks, ensuring that the trading activities do not harm the interests of the company and its shareholders, especially minority shareholders [7]