Chapter 1 General Principles
Article 1
To standardize the foreign exchange hedging trading business and related information disclosure of Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. (hereinafter referred to as "the Company"), strengthen management of foreign exchange hedging trading, prevent operational risks, improve the management mechanism for foreign exchange hedging trading, and ensure the safety of the Company's assets, these measures are formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange GEM Listing Rules, the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for GEM Listed Companies, and other relevant laws, regulations, normative documents, as well as the provisions of the Articles of Association of Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"), and in consideration of the actual situation of the Company.
Article 2
These measures apply to the foreign exchange hedging business conducted by the Company and its subsidiaries (including sub-subsidiaries). The foreign exchange hedging activities of subsidiaries are regarded as those of the Company and are subject to these measures. Subsidiaries shall not engage in hedging activities without the Company's consent.
Article 3
The foreign exchange hedging business referred to in these measures is aimed at meeting the normal production and operational needs of the Company and is conducted through compliant financial institutions to avoid and prevent exchange rate and interest rate risks. This includes forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and other foreign exchange derivative products.
Chapter 2 Hedging Principles
Article 4
The Company shall not engage in foreign exchange transactions solely for profit. All foreign exchange hedging activities must be based on normal production and operations, relying on specific business activities to avoid and prevent exchange rate risks, and shall not involve speculation or arbitrage trading.
Article 5
The Company must establish trading accounts for foreign exchange hedging activities in its own name and shall not use others' accounts for foreign exchange hedging operations.