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 Insights - Zhangjiagang Rural Commercial Bank has provided trade financing amounting to 410 million RMB since April 1, effectively supporting the development of foreign trade enterprises [1] - The bank has established a special task force to alleviate the financial pressures on foreign trade companies, focusing on stable credit support and innovative financing products [1][2] - The bank promotes export credit insurance to mitigate risks for small and medium-sized foreign trade enterprises, enhancing their confidence in exploring overseas markets [2] - The bank has upgraded its foreign exchange risk hedging services, offering real-time exchange rate information and promoting the use of foreign exchange derivatives to manage currency fluctuations [3] Group 1 - The bank's trade financing support has reached 410 million RMB, aiding foreign trade enterprises [1] - A special task force was created to implement measures that help enterprises stabilize operations and increase order intake [1] - The bank commits to maintaining credit support without withdrawal or pressure on foreign trade enterprises [1] Group 2 - The establishment of an export credit insurance support task force aims to enhance risk management for small and medium-sized enterprises [2] - The bank has facilitated the insurance application process, resulting in 75 enterprises obtaining coverage [2] - The bank promotes a unique trade financing product linked to export credit insurance, providing risk protection and financing support [2] Group 3 - The bank has enhanced its foreign exchange risk management services, providing real-time information and analysis to clients [3] - A total of 558 foreign exchange derivative contracts have been signed with 105 clients, amounting to 1.178 billion USD [3] - The bank continues to focus on high-quality development in foreign trade through collaborative efforts with government and enterprises [3]