Core Viewpoint - Zhongshun Jierou Paper Co., Ltd. plans to conduct foreign exchange derivative hedging transactions in 2026 to mitigate the impact of exchange rate fluctuations on its operating performance [1][2]. Group 1: Foreign Exchange Derivative Transactions - The company intends to use a maximum of $30 million for foreign exchange derivative transactions, which will be rolled over within 12 months after approval from the shareholders' meeting [2]. - The types of derivatives include but are not limited to forward foreign exchange contracts, structured forwards, foreign exchange swaps, and currency options [2]. - The transactions will be executed through financial institutions that are approved by regulatory authorities and have good credit ratings [2]. Group 2: Approval Process - The foreign exchange derivative transaction proposal has been approved by the company's board of directors and supervisory board, but it still requires final approval from the shareholders' meeting [3]. - The supervisory board believes that this business will enhance the company's ability to manage foreign exchange market risks and improve financial stability [3]. Group 3: Risk Management Measures - The company has established a comprehensive risk control mechanism for derivative trading, including pre-trade, in-trade, and post-trade risk management [4]. - Specific measures include prioritizing hedging over speculative trading, carefully selecting trading partners, and closely monitoring foreign exchange market dynamics [4]. Group 4: Financial Impact - Engaging in foreign exchange derivative trading is expected to stabilize the company's financial performance by locking in import raw material costs and mitigating adverse effects from significant exchange rate fluctuations [5]. - The company will adhere to accounting standards for this business, ensuring that related assets, liabilities, and profit or loss are accurately reflected in financial statements [5].

Core Viewpoint - Suzhou Mingzhi Technology Co., Ltd. has announced the initiation of foreign exchange derivative trading to mitigate foreign exchange market risks and enhance financial stability [1][2]. Group 1: Reasons and Objectives - The company aims to effectively hedge against foreign exchange market risks due to its export business, preventing adverse impacts from significant exchange rate fluctuations on its performance [2]. - The initiative is expected to improve the efficiency of foreign exchange fund utilization and reduce financial costs [2]. Group 2: Types of Transactions - The foreign exchange derivative trading 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 [3]. Group 3: Transaction Limits, Duration, and Authorization - The total amount for foreign exchange derivative trading is capped at $20 million, which can be rolled over within 12 months from the date of board approval [4]. - The board has authorized the chairman or designated personnel to make decisions and sign relevant documents within the approved limit [4]. Group 4: Risk Analysis and Control Measures - The company has identified risks such as exchange rate fluctuations, liquidity risks, and counterparty risks, with measures in place to mitigate these risks [4]. - A management system for foreign exchange derivative trading has been established to ensure compliance and risk control [4]. Group 5: Accounting Policies and Principles - The company will follow relevant accounting standards for the recognition and measurement of financial instruments, ensuring accurate reflection in financial statements [5]. Group 6: Supervisory Board Opinion - The supervisory board supports the foreign exchange derivative trading initiative, stating it effectively mitigates foreign exchange market risks and enhances fund utilization efficiency [6]. - The approval process complies with legal regulations and the company's articles of association, ensuring no harm to the company or shareholders [6].

Core Viewpoint - The document outlines the management system for foreign exchange derivative trading at Zhejiang Biyi Electric Appliance Co., Ltd, aiming to standardize operations, mitigate investment risks, and ensure asset safety [1][2][3]. Group 1: General Principles - The foreign exchange derivative trading business is defined as transactions aimed at mitigating exchange rate and interest rate risks, including various products like forward contracts, swaps, and options [1]. - The company must conduct foreign exchange derivative transactions only with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - Transactions must be based on prudent forecasts of foreign currency inflows and outflows, with limits set by the board or shareholders [2][3]. Group 2: Approval and Internal Processes - The board of directors and shareholders are responsible for approving the annual limits for foreign exchange derivative trading, with the chairman or authorized personnel managing the execution [3][4]. - The finance department is tasked with daily operations, including transaction management, risk assessment, and reporting to the board [4][5]. - A risk analysis report must be submitted to management and the board, detailing trading positions, risk assessments, and compliance with stop-loss limits [5][6]. Group 3: Risk Management and Reporting - In case of significant market fluctuations, the finance department must analyze the situation and report to management promptly [6]. - The audit department is responsible for supervising the actual operations and financial outcomes of the trading activities [4][6]. - Information regarding trading activities must be disclosed in accordance with regulatory requirements, especially if losses exceed 10% of the company's audited net profit [7]. Group 4: Documentation and Compliance - All trading documents and records must be maintained for a period of 10 years, with the finance department responsible for their organization and archiving [7]. - The management system must comply with relevant laws and regulations, and any conflicts with mandatory provisions must be resolved in favor of those provisions [7].