Greatchem plans to engage in foreign exchange derivatives trading business not exceeding USD 50 million

Zhitong
2025.08.21 08:35

On August 20, 2025, Greatchem held a meeting to review and approve the proposal to continue engaging in foreign exchange derivative trading business. Given that the previous quota authorization expires on September 23, the company and its subsidiaries plan to use their own funds to conduct business with a total quota not exceeding USD 50 million, authorized to take effect from September 23, with a validity period of 12 months, and the funds can be reused. The transactions primarily involve major foreign currencies such as the US dollar, with methods including forward foreign exchange contracts, etc. The business carries risks such as market and exchange rate fluctuations, and the company has established corresponding management measures. This business is closely related to operations and can enhance financial stability, having been approved by the board of directors and the audit committee, with no objections from the sponsor

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