Shanghai International Energy Exchange has released its Notice on Adjusting the Price Limit and Trading Margin Rate of Certain TSR 20 Futures Contract as follows:

All related parties,

Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies that the price limit and trading margin rate of the upcoming futures contract will be adjusted as follows since its listing:

The price limit of NR2703 will be ±9% from the settlement price of the previous trading day, the trading margin rate for hedging will be 10% of the contract value, and the trading margin rate for general positions will be 11% 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 price limits and the trading margin rates will be further adjusted on the basis of the above mentioned parameters.

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

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