Chapter 1 General Principles
Article 1
To standardize the foreign exchange hedging business of Shenzhen Zhiwei Intelligent Technology Co., Ltd. (hereinafter referred to as "the Company") and its controlled subsidiaries, strengthen management, and effectively prevent and control investment risks, this system is formulated based on the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Shenzhen Stock Exchange Listing Rules," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board," "Self-Regulatory Guidelines No. 7 for Listed Companies on Transactions and Related Transactions," and other relevant laws and regulations, as well as the provisions of the "Articles of Association," combined with the actual situation of the Company.
Article 2
The term "derivatives" in this system refers to products such as forwards, futures, swaps, options, or combinations of the aforementioned products. The term "foreign exchange hedging business" refers to various businesses conducted with banks and other financial institutions with relevant business qualifications to avoid and prevent exchange rate or interest rate risks, including but not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, and interest rate swaps.
Article 3
This system applies to the Company and its controlled subsidiaries. The foreign exchange hedging business of the controlled subsidiaries shall be managed uniformly by the Company.
Chapter 2 Business Operation Principles
Article 4
The Company shall conduct foreign exchange hedging business in accordance with the principles of legality, prudence, safety, and effectiveness, strictly controlling the types and scale of transactions based on normal production and operation, relying on specific business operations, and aiming to avoid and prevent exchange rate or interest rate risks, without engaging in speculative or illegal arbitrage transactions.
Article 5
The Company may only conduct foreign exchange hedging transactions with banks and other financial institutions that have legal operating qualifications and shall not engage in transactions with other organizations or individuals outside the aforementioned financial institutions.
Article 6
The Company and its subsidiaries must establish foreign exchange hedging trading accounts in their own names and shall not use others' accounts for foreign exchange hedging business.
Article 7
The Company and its subsidiaries must have self-owned funds that match the foreign exchange hedging business and shall not use raised funds directly or indirectly for foreign exchange hedging business. They must strictly adhere to the approved limits for conducting foreign exchange hedging business, controlling the scale of funds without affecting the Company's normal operations.