Interim Report 2017

Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2017 64 Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2017 截至二零一七年六月三十日止六個月 17.DERIVATIVE FINANCIAL ASSETS AND LIABILITIES (Continued) As at 30 June 2017 and 31 December 2016, the Group had entered into the following foreign currency options contracts. Foreign currency options contracts The Group entered into several USD/RMB foreign currency options contracts with banks in Hong Kong and the PRC in order to manage the Group’s currency risk. The Group is required to transact with the banks for designated notional amount on each of the valuation dates specified within the respective contracts (“Valuation Date”). At each Valuation Date, the Reference Rate + shall be compared against the strike rates (upper and lower)/barrier rate as specified within the respective contracts, and the Group may receive from/pay to the bank an amount as specified in the contracts if certain conditions specified within the respective contracts are met. The Reference Rate + represents the spot rate as specified within the respective contracts. 17. 衍生金融資產及負債（續） 於二零一七年六月三十日及二零一六年十二 月三十一日，本集團已訂立以下外匯期權合 約。 外匯期權合約 本集團已與香港及中國的銀行訂立若干美元 兌人民幣的外匯期權合約，以管理本集團的 貨幣風險。 本集團須於各合約所指定的估值日期（「估值 日期」）就指定名義金額與該等銀行進行交易。 於各估值日期，參考匯率 + 須與各合約所指定 的行使匯率（上限及下限）╱門檻匯率作比 較，且在達致各合約所指定若干條件的情況 下，本集團可向相關銀行收取╱支付該等合 約所指定的金額。 參考匯率 + 指各合約所指定的現貨匯率。