Core Viewpoint - Zhuhai Heshunxing Daily Chemical Co., Ltd. has approved a foreign exchange derivative trading business with a limit of up to 50 million USD to mitigate currency fluctuation risks and enhance financial stability [1] Group 1: Business Overview - The company will conduct foreign exchange derivative trading with a maximum limit of 50 million USD, which is subject to shareholder meeting approval [1] - The investment period for this trading business is set to not exceed twelve months from the date of approval [1] - The funding for this trading will come from the company's own funds, emphasizing its self-sufficiency [1] Group 2: Purpose and Strategy - The primary aim of this initiative is to reduce the impact of exchange rate fluctuations on the company's foreign sales, which are mainly settled in USD [1] - The company will adhere to the principle of hedging and will not engage in speculative or arbitrage trading [1] - The types of transactions will include forward foreign exchange contracts, limited to USD [1] Group 3: Risk Management - Although the company aims to lock in exchange rate risks, it acknowledges the existence of risks related to currency fluctuations and liquidity [1] - A series of risk control measures have been established to manage these potential risks effectively [1] - The proposed business will not affect the company's daily cash flow and core operations, thereby enhancing its financial robustness [1]