Group 1 - The article highlights the increasing globalization of Chinese foreign trade enterprises, with a focus on energy solutions in Africa and consumer goods in Southeast Asia [1] - Financial services are evolving to support cross-border trade more efficiently, providing flexible solutions for businesses [1] Group 2 - The introduction of the multilateral central bank digital currency bridge (mBridge) has significantly reduced cross-border payment times from days to minutes, enhancing cash flow for businesses [2] - Companies using mBridge have reported substantial cost savings, with one example showing a reduction in transaction costs by tens of thousands of yuan annually [2] Group 3 - Foreign exchange derivative tools are helping companies manage operational pressures, with businesses able to lock in future exchange rates easily through online banking [3] - Financial institutions are providing credit limits and reducing hedging costs, which is crucial for maintaining profitability amid currency fluctuations [3] Group 4 - Policy measures are facilitating foreign trade, such as expedited registration processes and increased thresholds for special refunds, which enhance operational efficiency for businesses [4] - A comprehensive financial support system, including credit insurance and foreign exchange trading platforms, is being developed to sustain foreign trade vitality [4] Group 5 - Cross-border payment solutions like PingPong are improving transaction efficiency in Nigeria, allowing for instant payments and automated compliance processes [5] - Data from the People's Bank of China indicates significant growth in cross-border RMB transactions and foreign institutional participation in China's bond market [5]

Group 1: Cross-Border Trade and Financial Services - Chinese foreign trade enterprises are expanding globally, with a focus on energy needs in Africa and consumer goods in Southeast Asia [1] - The use of multi-central bank digital currency bridges (mBridge) has significantly reduced cross-border payment times from 1-3 days to just 8 minutes, enhancing efficiency for businesses [2] - The implementation of forward foreign exchange settlement and sales operations allows companies to lock in exchange rates, mitigating risks associated with currency fluctuations [3] Group 2: Financial Innovations and Support - Financial institutions are providing essential support to maintain growth in foreign trade, with services like forward foreign exchange operations and free trade accounts reducing costs for businesses [3] - Policy measures, such as expedited registration for trade foreign exchange receipts and increased limits for special refunds, are facilitating smoother operations for foreign trade enterprises [4] - The introduction of local currency accounts by cross-border payment companies like PingPong has improved payment efficiency, allowing for instant transactions and streamlined compliance processes [5] Group 3: Market Data and Trends - In the first seven months of the year, Shanghai's total cross-border RMB payments reached 18.83 trillion yuan, with total foreign-related receipts amounting to 3.26 trillion USD [5] - As of July, 1171 foreign institutions have entered China's interbank bond market, with a total bond holding balance of 3.93 trillion yuan, indicating growing international interest [5]

General Principles - The company establishes a management system for forward foreign exchange settlement and sales to enhance management and prevent risks from foreign exchange fluctuations [2] - The forward foreign exchange business is defined as transactions conducted with financial institutions to mitigate exchange rate risks for normal operational needs [2] Operational Principles - The company must adhere to principles of legality, prudence, safety, and effectiveness in conducting forward foreign exchange business, ensuring it does not affect normal operations [4] - Transactions must be conducted in the company's name, and only with approved financial institutions [4][6] - The total foreign currency amount for forward foreign exchange business must not exceed the approved business limit [4] Approval Authority - The decision-making and approval bodies for forward foreign exchange business include the general manager's office, board of directors, and shareholders' meeting [6] - Specific approval thresholds are set based on the company's audited net assets, with different levels of authority required for varying amounts [6] Internal Operating Procedures - The finance center is responsible for the feasibility analysis, planning, and daily management of forward foreign exchange business [9] - A detailed internal process is established for forecasting, executing, and tracking transactions, ensuring compliance with approved plans [10] Information Disclosure and Record Management - The company must disclose information regarding forward foreign exchange business in accordance with regulatory requirements [21] - Relevant documents must be archived for at least 10 years, ensuring compliance with record-keeping standards [22][23] Miscellaneous - The management system will be revised and interpreted by the board of directors, taking effect upon approval [24][25]

长华化学科技股份有限公司（证券代码：301518）于2025年8月27日发布公告，宣布计划开展以套期保 值为目的的远期结售汇业务，以有效防范外汇市场风险，减少汇兑损失。 公司于2025年8月25日召开第三届董事会第十八次会议和第三届监事会第十四次会议，审议通过了《关 于开展以套期保值为目的的远期结售汇业务的议案》。此次开展的远期结售汇业务，只限于公司生产经 营所使用的主要结算货币，主要为美元等外币。 点击查看公告原文>> 业务详情交易额度：公司远期结售汇业务任一时点的最高余额（含前述交易的收益进行再交易的相关金 额）不超过人民币20,000.00万元（或等值外币），预计动用的交易保证金和权利金上限（包括为交易而 提供的担保物价值、预计占用的金融机构授信额度、为应急措施所预留的保证金等）不超过人民币 2,000.00万元（或等值外币）。交易期限及授权：额度有效期自董事会审议批准之日起12个月内有效， 资金可循环滚动使用。董事会授权公司经营管理层在额度范围内根据公司相关制度、业务情况、实际需 要具体开展业务。若单笔交易的存续期超过决议有效期，决议有效期自动顺延至该笔交易终止时止。交 易对方：经监管机构批准、具有远 ...

Core Viewpoint - The Postal Savings Bank of China is enhancing foreign exchange financial services to support foreign-related enterprises in stable operations, particularly focusing on cross-border business needs and providing tailored financial solutions [1] Group 1: Financial Services Initiatives - The bank's branch in Xixian has organized a professional team to engage with local foreign-related enterprises, understanding their cross-border business requirements [1] - A specific case involves a food processing company in Xixian, which exports over 90% of its products, facing significant pressure in foreign exchange settlement and exchange rate risk management due to increasing business volume [1] Group 2: Tailored Solutions - The bank has implemented a "precise service" plan, which includes opening a "foreign exchange risk hedging green channel" for the company, simplifying the forward foreign exchange settlement process, and reducing margin requirements [1] - The bank assists the enterprise in locking in future exchange rates to mitigate volatility risks and provides one-on-one foreign exchange knowledge training through regular visits by foreign exchange specialists [1] Group 3: Future Focus - The initiative reflects the bank's commitment to the "finance for the people" philosophy and its dedication to deepening foreign trade financial services [1] - Moving forward, the bank aims to continuously focus on the needs of foreign trade enterprises, optimize foreign exchange service processes, and enrich the supply of hedging tools to support enterprises in their international expansion efforts [1]

Core Viewpoint - Weima Agricultural Machinery Co., Ltd. plans to conduct forward foreign exchange settlement and sales to mitigate the impact of exchange rate fluctuations on its performance [1][2]. Purpose of the Business - The company aims to improve the efficiency of foreign exchange fund usage, reduce financial costs, and lower the impact of exchange rate fluctuations on operations by engaging in forward foreign exchange transactions with qualified financial institutions [2]. - The primary currency involved is the US dollar, with a maximum contract value of $30 million per transaction [2]. - The funding will come from the company's own capital, and the business will be authorized for 12 months from the board meeting approval date [2]. Risk Analysis - Exchange rate fluctuation risk may lead to foreign exchange losses if the direction of fluctuations is inconsistent with the contract [3]. - Internal control risks arise from the complexity of the business, which may lead to potential risks if the internal control mechanisms are inadequate [3]. - There is a risk of counterparty default, which could result in losses for the company [3]. - Payment forecast risks may occur if customers or suppliers adjust orders, leading to delivery risks [3]. Risk Control Measures - The company plans to enhance exchange rate research and analysis, adjust operational strategies as needed, and establish a strict risk management system [3]. - Responsibilities will be clearly defined among the finance and audit departments to form a supervisory mechanism [3]. - The company will only engage with qualified financial institutions and will cautiously predict foreign currency receipts and payments [3]. Accounting Policies and Principles - The company will follow relevant accounting standards and guidelines from the Ministry of Finance for the accounting treatment of the forward foreign exchange business [4]. Review Procedures and Opinions - The board of directors approved the proposal on August 25, 2025, and the supervisory board believes that the business will help lock in exchange rate risks and reduce foreign exchange losses [4]. - The sponsor institution has verified that the purpose of the business is to mitigate the impact of exchange rate fluctuations on operational performance, and the matter has been reviewed by the board and supervisory board in compliance with relevant regulations [4].

Core Viewpoint - The company aims to conduct forward foreign exchange settlement and sales to mitigate the impact of exchange rate fluctuations on its financial performance and enhance the efficiency of foreign currency usage [1][5]. Group 1: Purpose of Forward Foreign Exchange Business - The company and its subsidiaries primarily conduct business in foreign currencies, and significant exchange rate fluctuations can adversely affect performance. Therefore, the company intends to engage in forward foreign exchange transactions with qualified financial institutions to reduce financial costs and exchange rate risks [1][2]. Group 2: Basic Situation of Forward Foreign Exchange Business - Forward foreign exchange settlement and sales are approved financial products for hedging foreign exchange risks. The company plans to limit its forward foreign exchange transactions to a maximum contract value of $30 million (including principal) or equivalent foreign currency on any given trading day [2][3]. Group 3: Risk Analysis - While the company adheres to a prudent approach and does not engage in speculative trading, there are inherent risks in forward foreign exchange operations, including potential exchange losses if contract directions are inconsistent or if exchange rates fluctuate significantly [3][4]. Group 4: Risk Control Measures - The company implements a clear management structure and responsibilities, ensuring a supervisory mechanism to mitigate risks. It also utilizes various risk control measures throughout the transaction process to prevent and reduce potential risks [4][5]. Group 5: Accounting Policies and Procedures - The company will follow relevant accounting standards for financial instruments and hedge accounting to appropriately reflect the forward foreign exchange business in its financial statements [4]. Group 6: Review Procedures and Opinions - The board of directors and the supervisory board have approved the forward foreign exchange business, recognizing its benefits in locking in exchange rate risks and reducing potential foreign exchange losses. The decision-making process complies with regulatory requirements [5].

Core Viewpoint - The document outlines the management system for forward foreign exchange settlement and sales at Zhejiang Hengtong Holdings Co., Ltd, aiming to standardize operations, mitigate foreign exchange risks, and ensure compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The forward foreign exchange settlement and sales business is defined as contracts with banks to agree on future foreign exchange transactions, including currency, amount, exchange rate, and deadline [1]. - The system applies to the company and its subsidiaries, with subsidiaries requiring company approval for operations [1]. - The company must adhere to national laws and the internal regulations set forth in this document [1]. Group 2: Responsibilities and Approval Authority - The document specifies the responsibilities and approval authority for forward foreign exchange operations, including the need for shareholder approval in certain high-value transactions [1][2]. - Transactions requiring shareholder approval include those where the transaction margin exceeds 50% of the latest audited net profit or where the maximum contract value exceeds 50% of the latest audited net assets [1][2]. Group 3: Operational Principles - The company will not engage in foreign exchange trading solely for profit; all operations must be based on normal business activities and aimed at risk mitigation [2]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - The foreign exchange amounts in contracts must not exceed the company's cautious forecasts of foreign currency receipts and payments [2]. Group 4: Management and Internal Procedures - The company president is responsible for the actual operation of forward foreign exchange business within the authorized scope [3]. - The finance department is tasked with the specific operations, including monitoring exchange rate trends and proposing business actions [3][4]. - A detailed internal process is established for transaction approval, execution, and monitoring, ensuring compliance and risk management [4][5]. Group 5: Information Disclosure and Record Management - The company must disclose forward foreign exchange business activities according to relevant regulations and report any significant risks within two trading days [6][7]. - All transaction documents and records must be maintained for a period of 10 years by the finance department [6][7]. Group 6: Compliance and Enforcement - Violations of the established system will result in accountability measures against responsible individuals [7]. - The system is subject to the constraints of Chinese laws and regulations, and any inconsistencies will defer to legal provisions [7].

Core Viewpoint - The company aims to mitigate risks associated with raw material price fluctuations and exchange rate volatility by engaging in commodity futures and foreign exchange hedging activities, thereby enhancing financial stability and operational management capabilities [1][2][10] Summary by Sections 1. Overview of Hedging Activities - The company plans to conduct commodity futures hedging related to its production operations, focusing on materials such as polysilicon, silver, and copper to reduce uncertainty from price volatility [1][2][3] - The foreign exchange hedging will include forward foreign exchange contracts, foreign exchange swaps, and options, primarily to manage risks from currency fluctuations in its export business [4][5] 2. Transaction Amount and Duration - The maximum margin for commodity futures hedging will not exceed RMB 100 million, while the foreign exchange hedging is expected to be up to USD 10 million or equivalent [2][4] - The duration for these hedging activities is set for 12 months from the board's approval date, with the ability to roll over the amounts within this period [2][3] 3. Approval Process - The company has completed the necessary internal approval process, including meetings of the board and supervisory committee, and the matter does not require shareholder approval [2][5][10] 4. Risk Management Measures - The company emphasizes that the hedging activities are not for speculative purposes but to effectively control market risks [3][4] - Specific risk control measures have been established to manage potential risks associated with both commodity and foreign exchange hedging activities [7][8] 5. Impact on the Company - Engaging in these hedging activities is expected to reduce the impact of raw material price and exchange rate fluctuations on the company's operational performance, thereby supporting its overall business stability [9][10]

Core Viewpoint - The company aims to conduct commodity futures and foreign exchange hedging to mitigate risks associated with raw material price fluctuations and exchange rate volatility, thereby enhancing operational stability and management capabilities [1][11][12]. Commodity Futures Hedging - The company operates in the photovoltaic industry, where raw material prices are subject to significant fluctuations. To reduce uncertainty, the company plans to engage in futures hedging related to its production needs, specifically targeting materials like polysilicon, silver, and copper [1][2][3]. - The maximum margin utilized at any point will not exceed RMB 100 million, and the funding for these transactions will come from the company's own resources, not from raised funds [2][4]. - The company will only engage in hedging activities and will not pursue speculative or arbitrage trading [2][3]. Foreign Exchange Hedging - The company primarily conducts export transactions in foreign currencies, such as USD, which exposes it to exchange rate risks. To mitigate this, the company plans to implement foreign exchange hedging strategies [3][4]. - The foreign exchange hedging activities will not exceed USD 10 million or its equivalent in other currencies, with the funding also sourced from the company's own capital [3][4]. - The hedging tools will include forward foreign exchange contracts, foreign exchange swaps, and options, focusing on currencies relevant to the company's operations [4]. Approval and Governance - The company's board of directors has authorized the management to implement the hedging activities within the specified limits and duration, following the company's internal regulations [3][6]. - The approval process for these activities has been conducted in accordance with relevant regulations, and the matter does not require shareholder approval [6][12]. Risk Management - The company has established clear risk management protocols for both commodity and foreign exchange hedging to minimize potential losses from market volatility [10][11]. - The risk control measures include strict adherence to approved limits, regular monitoring of market conditions, and ensuring that all transactions are executed within the framework of established policies [10][11]. Impact on Financial Performance - Engaging in commodity futures and foreign exchange hedging is expected to reduce the impact of price and exchange rate fluctuations on the company's financial performance, thereby supporting its overall business stability [11][12].