All related parties,

In accordance with Article 13 of the Hedge Trading Rules of the Shanghai Futures Exchange and other relevant provisions, we hereby notify the adjustments to the automatic conversion standards for hedging position quota of Tin futures contracts as follows:

With respect to the Tin futures contracts, effective from the last trading day of September 2026, for a Non-FF Member, OSNBP, or Client that does not hold any hedging position quota for nearby delivery months, when entering nearby delivery months (the first month before the delivery month and the delivery month), the long and short hedging position quotas for nearby delivery months automatically converted from the hedging position quota for regular months will be provisionally adjusted to 0 lots.   

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

Shanghai Futures Exchange