Core Viewpoint - The company, Shanhe Intelligent Equipment Co., Ltd., is planning to engage in financial derivatives trading to mitigate foreign exchange and interest rate risks, with a maximum transaction amount of 1 billion RMB, while also forecasting significant related party transactions for 2026 [1][4][3]. Trading Information Summary - As of February 5, 2026, Shanhe Intelligent's stock closed at 11.61 RMB, down 0.6%, with a turnover rate of 1.51%, trading volume of 161,600 shares, and a transaction value of 188 million RMB [1]. - On the same day, the net outflow of main funds was 12.13 million RMB, while retail investors saw a net inflow of 21.45 million RMB [1]. Company Announcement Summary - The company held its fourth meeting of the ninth board of directors on February 4, 2026, where several resolutions were passed, including proposals for expected daily related party transactions for 2026, financial derivatives business, and strategic development planning [1][3]. - The company plans to hold its first extraordinary shareholders' meeting on February 26, 2026, to review the proposals related to daily related party transactions and financial derivatives business, with specific provisions for related shareholders to abstain from voting [1][4]. Financial Derivatives Business Analysis - The company aims to conduct financial derivatives trading to hedge against foreign exchange risks, with a total limit of 1 billion RMB, using its own funds and engaging with qualified domestic and foreign banks [2][3]. - The types of derivatives include forward contracts, currency swaps, options, and interest rate swaps, with a focus on hedging rather than speculative trading [2][3]. Expected Related Party Transactions - The company anticipates a total of 1.1968 billion RMB in related party transactions for 2026, covering various categories such as procurement, labor services, and leasing [4][5]. - The pricing for these transactions will be based on market prices and has been approved by the board, pending shareholder meeting approval [4][5].

Core Points - The article outlines the foreign exchange hedging management system of Jiangsu Zhenjiang New Energy Equipment Co., Ltd, aimed at regulating hedging activities and mitigating risks associated with foreign exchange rate fluctuations [2][3][4] Summary by Sections General Principles - The system is applicable to the company and its subsidiaries, ensuring compliance with relevant laws and regulations while safeguarding company assets [2] - Foreign exchange hedging activities must be based on actual business needs and should not be conducted for speculative purposes [2][3] Operational Principles - The company is required to establish its own trading accounts for hedging and can only transact with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3] - Hedging transactions must align with the company's foreign currency receivables and payables forecasts, ensuring that the amounts do not exceed these forecasts [3][4] Approval Authority - The board of directors or shareholders' meeting determines the hedging limits, with specific approval processes based on the transaction amounts relative to the company's audited net assets [4][5] Internal Procedures - The finance department is responsible for feasibility analysis, planning, and execution of hedging transactions, while the audit department oversees compliance and performance [6][7] - Regular reporting and monitoring of hedging activities are mandated to ensure transparency and risk management [7][8] Confidentiality - All personnel involved in hedging activities must adhere to confidentiality obligations regarding the company's hedging strategies and financial information [13] Risk Reporting and Management - Significant market fluctuations or risks that could impact the company's financial performance must be reported immediately to management and the board [15][16] - The finance department is tasked with monitoring market conditions and making timely decisions to minimize potential losses [16] Information Disclosure - The company is required to disclose information regarding its hedging activities in accordance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [18][19]

Core Viewpoint - The document outlines the foreign exchange hedging management system of Qingdao Richen Food Co., Ltd., emphasizing the importance of risk management and compliance with relevant laws and regulations [1][2]. Summary by Sections General Principles - The system aims to strengthen the management of foreign exchange hedging, standardize related operations, and prevent risks associated with exchange rate fluctuations [1]. - The policy applies to the company and its subsidiaries, requiring approval for any hedging operations [1]. Operational Principles - The company is prohibited from engaging in speculative foreign exchange trading; all hedging activities must be based on actual business needs [2]. - Transactions must be conducted through qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - The company must have sufficient own funds for hedging activities and adhere to approved trading limits [2]. Approval Authority - Any foreign exchange hedging activities require a feasibility analysis report to be submitted for board approval, and certain conditions necessitate shareholder approval [4]. - Specific thresholds for transaction guarantees and contract values are set, including a cap of 50% of the latest audited net profit for certain transactions [4]. Internal Operating Procedures - The finance department is responsible for the execution and management of hedging activities, including risk management and documentation [6][7]. - A detailed internal process is established for forecasting foreign currency receipts and payments, analyzing market conditions, and executing approved hedging plans [7]. Confidentiality - All personnel involved in hedging activities must maintain confidentiality regarding the company's hedging strategies and financial information [8]. Internal Risk Reporting and Management - The finance department must ensure timely settlement with financial institutions based on actual foreign exchange inflows and outflows [8]. - In case of significant exchange rate fluctuations, the finance department must analyze the situation and report to the general manager for further instructions [8]. Information Disclosure - The company is required to disclose information regarding its foreign exchange hedging activities in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [9]. - Any significant risks associated with hedging activities must be disclosed promptly if they meet regulatory standards [9]. Definitions and Additional Provisions - The document includes definitions for various hedging instruments such as forward foreign exchange contracts, foreign exchange swaps, and currency swaps [9]. - The policy is subject to revisions based on future legal and regulatory changes [9].

Core Viewpoint - The company, Morning Light New Materials, has approved a proposal to engage in foreign exchange derivative trading, allowing for a total trading amount of up to 90 million USD or equivalent currencies [1] Group 1: Business Operations - The board of directors approved the proposal during the 13th meeting of the third session on August 14, 2025 [1] - The foreign exchange derivative trading will include forward foreign exchange settlements, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and currency swaps, among other combinations [1] - The trading activities are authorized to be executed by the company's management within the specified limits and duration [1] Group 2: Financial Limits - The cumulative trading amount for the foreign exchange derivatives is capped at 90 million USD [1] - The trading activities can be rolled over within the approved limits and duration [1]