弘元绿色能源股份有限公司 期货和衍生品交易管理制度 第一章 总则 第一条 为规范弘元绿色能源股份有限公司（以下简称"公司"）期货和衍生 品交易及相关信息披露工作，有效控制风险，提高投资收益，维护公司及股东利 益，依据《中华人民共和国证券法》《上海证券交易所股票上市规则》和《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市 公司自律监管指引第 5 号——交易与关联交易》等法律、法规、规范性文件及《弘 元绿色能源股份有限公司章程》（以下简称《公司章程》）的有关规定，结合公 司实际情况，制定本制度。 第二条 本制度所称期货交易是指以期货合约或者标准化期权合约为交易标 的的交易活动。本制度所称衍生品交易指期货交易以外的，以互换合约、远期合 约和非标准化期权合约及其组合为交易标的的交易活动。期货和衍生品的基础资 产既可以是证券、指数、利率、汇率、货币、商品等标的，也可以是上述标的的 组合。 第三条 本制度适用于公司及其全资、控股子公司，但下列情形除外： （一）作为公司或控股子公司主营业务的期货和衍生品交易行为； （二）固定收益类或者承诺保本的投资行为； （三）参与其他上市公司的配股或者行 ...

Overview - The company plans to conduct financial derivative business in 2025 to manage foreign exchange risks and mitigate the impact of exchange rate and interest rate fluctuations on its performance [1][5]. Financial Derivative Business Overview - The purpose of the financial derivative business is to meet foreign exchange risk management needs and effectively avoid the impact of exchange rate and interest rate fluctuations on the company's performance [1]. - As of December 31, 2024, the company's subsidiary EMBA had a net position of $290 million (approximately 2.083 billion RMB) in currency derivatives [1]. Specific Derivative Contracts - The Hong Kong subsidiary plans to hedge against USD/JPY exchange rate fluctuations with a forward contract not exceeding 17 billion JPY, maturing on July 22, 2025 [2]. - The Hong Kong subsidiary also plans to hedge against EUR/USD exchange rate fluctuations with a forward contract not exceeding €250 million, maturing on July 22, 2025 [2]. - EMBA plans to enter into interest rate swap contracts to lock in rates for project financing loans, with a nominal principal amount not exceeding $566 million [2]. - EMBA intends to conduct forward foreign exchange contracts for TRY/USD to lock in costs related to Turkish coal-fired power generation, with a nominal principal amount not exceeding 10.5 billion TRY (approximately $306 million) [2]. Additional Derivative Activities - The Hungarian subsidiary plans to conduct forward foreign exchange contracts for HUF/EUR with a contract amount not exceeding 3.4 billion HUF (approximately €8.15 million) [3]. - The Hungarian subsidiary also plans to enter into interest rate swap contracts with a nominal principal amount not exceeding €6.4 million [4]. - The Serbian subsidiary plans to conduct interest rate swap contracts with a nominal principal amount not exceeding €18.8 million [4]. - The Japanese subsidiary plans to enter into interest rate swap contracts with a nominal principal amount not exceeding 25 billion JPY [4]. - The Greek project company plans to conduct interest rate swap contracts with a nominal principal amount not exceeding €6.3 million [4]. - The Romanian subsidiary plans to conduct interest rate swap contracts with a nominal principal amount not exceeding €3.3 million [4]. Feasibility and Risk Management - The company has established a foreign exchange risk management framework to ensure professional and centralized management of risks associated with financial derivative activities [5]. - A dedicated foreign exchange risk management team has been formed, consisting of professionals from various departments and external banking experts, to review hedging proposals and monitor risks [5]. Approval Process - The financial derivative business plan for 2025 was approved by the company's board of directors with unanimous consent [6].