Shanghai International Energy Exchange has released its Notice on Adjusting the Automatic Conversion Standards for Hedging Position Quota of TSR20 Futures Contracts as follows:

All related parties,

In accordance with Article 45 of the Trading Rules of the Shanghai International Energy Exchange and other relevant provisions, we hereby notify the adjustments to the automatic conversion standards for hedging position quota of TSR20 futures contracts as follows:

With respect to the TSR 20 futures contracts, effective from the last trading day of October 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.