Shanghai International Energy Exchange has released its Circular on Trading Adjustments for the Dragon Boat Festival 2025 as follows:

In accordance with the Trading Schedule during National Holidays for Year 2025, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments for the Dragon Boat Festival 2025 as follows:

1. The market will be closed from 3:00 p.m.of May 30, 2025 to June 2, 2025.

The market will resume trading on June 3, 2025 with the central auction session from 8:55 a.m. to 9:00 a.m.and the continuous trading on the night of that day.

2.  As from May 29, 2025, INE will adjust the price limits and the trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits of Containerized Freight Index (Europe Service) futures contracts will be ±18% from the settlement price of that day, the trading margin rates will be 20% of the contract value.

In case of the situation stipulated in Article 16 of the Risk Management Rules of the Shanghai International Energy Exchange, the trading margin rates and the price limits will be adjusted on the basis of the above mentioned parameters.

3. The market will resume trading on June 3, 2025. As from the first trading day without a Limit-locked market, INE will adjust the price limits and the trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits of Containerized Freight Index (Europe Service) futures contracts will remain at ±18% from the settlement price of that day, the trading margin rates will remain at 20% of the contract value.

Please refer to the Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margins and the price limits.

All related parties shall manage risks in a sound manner to ensure the smooth functioning of the market.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

Appendix:The Adjustments of Trading Margin Rates and Price Limits of Futures Contracts for the Dragon Boat Festival 2025

       Shanghai International Energy Exchange

May 27, 2025