Core Viewpoint - The company has authorized the use of its own funds to engage in financial derivatives business to manage foreign exchange risk arising from international settlement operations [1] Group 1: Financial Derivatives Authorization - The company and its subsidiaries are permitted to use up to $3 billion for financial derivatives transactions, which can be recycled within this limit [1] - The approved financial derivatives include forwards, options, swaps, or combinations thereof, with underlying assets being exchange rates and currencies [1] - The authorization is valid for one year from the date of board approval [1] Group 2: Risk Management - The company aims to mitigate and control foreign exchange risks as an export-oriented enterprise [1] - Operations will adhere to the company's internal management system for financial derivatives, which includes measures for market risk, operational risk, and legal risk [1] - Counterparties for transactions are limited to financial institutions approved by the regulatory authorities in their respective countries or regions, and must not be related parties to the company [1]

Core Viewpoint - Lens Technology (06613.HK) has announced the approval to engage in financial derivatives business with a maximum amount of up to $3 billion, allowing for various derivative products including forwards, options, and swaps [1] Group 1: Financial Derivatives Business Authorization - The company will conduct financial derivatives business using its own funds through multiple subsidiaries, including Lens Technology (Changsha) Co., Ltd. and Lens Technology (Vietnam) Co., Ltd. [1] - The approved maximum amount for engaging in financial derivatives is capped at $3 billion, which can be utilized in a revolving manner within one year from the board meeting approval date [1] - The underlying assets for the derivatives will include exchange rates and currencies, with transactions to be conducted with qualified financial institutions approved by local government or central banks [1]

Core Viewpoint - The company is expanding its overseas business, leading to an increase in foreign exchange exposure and risk, prompting the need for foreign exchange derivative transactions to mitigate these risks [1] Group 1: Foreign Exchange Derivative Transactions - The company plans to conduct foreign exchange derivative transactions from January 1, 2026, to December 31, 2026, with a maximum limit of $600 million or equivalent in other foreign currencies [1] - The transactions will include foreign exchange forwards, options, option combinations, and swaps, with funding sourced from the company's own capital [1] - The limit for the transactions is reusable, and the balance at any point during the term will not exceed this limit [1] Group 2: Risk Management Measures - The company will implement measures to control risks associated with exchange rate fluctuations [1]

Core Viewpoint - The company has announced an increase in its financial derivatives trading limit and an extension of the authorization period to better manage foreign exchange risks due to significant fluctuations in the international foreign exchange market [1][2]. Group 1: Financial Derivatives Trading Limit - The company plans to increase its foreign exchange hedging limit by $900 million, raising the total limit from $1 billion to $1.9 billion, effective immediately after board approval [1][2]. - The current authorization for financial derivatives trading is valid from April 1, 2025, to March 31, 2026, and the company intends to extend this authorization period to April 30, 2026 [2]. Group 2: Risk Management and Trading Practices - The company will engage in foreign exchange derivatives trading primarily using its own funds, avoiding speculative or arbitrage trading practices [2][3]. - The trading instruments will include various currencies such as RMB, USD, TWD, EUR, JPY, MXN, and PLN, with the main tools being forward contracts and swaps [2]. - The company has established risk control measures, including prohibiting speculative trading, implementing strict control systems, and conducting regular compliance audits [2][3]. Group 3: Business Relevance - The financial derivatives business is closely related to the company's daily operations, enhancing its ability to manage foreign exchange volatility and contributing to long-term development and shareholder interests [3].

Core Viewpoint - The document outlines the management system for foreign exchange derivative trading at Hanbo High-tech Materials (Hefei) Co., Ltd, emphasizing the need for risk prevention, compliance with regulations, and safeguarding company assets [1][2]. Group 1: Definition and Scope - Foreign exchange derivative business includes various transactions aimed at hedging against exchange rate risks, such as forward contracts, options, futures, and swaps [2]. - The system applies to all subsidiaries of the company, prohibiting subsidiaries from engaging in derivative trading without company approval [2]. Group 2: Operational Principles - The company must conduct foreign exchange derivative trading legally, prudently, and effectively, focusing on risk mitigation related to exchange and interest rates [3]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3][4]. Group 3: Approval Authority - The company's shareholders' meeting and board of directors serve as the decision-making bodies for foreign exchange derivative trading, requiring approval for any trading activities [4][5]. - Subsidiary management does not have final approval authority for derivative trading; all transactions must be reported for unified approval [5]. Group 4: Internal Procedures - The finance department is responsible for managing foreign exchange derivative trading, including planning, funding, and daily management [6]. - The internal process includes risk assessment, contract review by the legal department, and compliance with approval procedures before executing trades [6][7]. Group 5: Information Disclosure and Record Keeping - The company must disclose foreign exchange derivative trading information in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [8][9]. - The finance department is tasked with maintaining all relevant documentation related to foreign exchange derivative trading [9].