All related parties,

In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:

As from March 1, 2021, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:

The trading margin rates of Bonded Copper Futures Contracts will be 9% of the contract value and the price limits will be ±7% from the settlement price of that day.

In the case that the above adjusted trading margin rates and price limits vary from the current ones, the higher ones will prevail.

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

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

Appendix: The Adjustment of Trading Margin Rates and Price Limits of Futures Contracts

Shanghai International Energy Exchange

February 26, 2021

关于调整国际铜期货交易保证金比例和涨跌停板幅度的通知

上能发〔2021〕18号

各有关单位：

经研究决定，自2021年3月1日（周一）收盘结算时起，交易保证金比例和涨跌停板幅度调整如下：

国际铜期货合约的交易保证金比例调整为9%，涨跌停板幅度调整为7%；

如遇上述交易保证金比例、涨跌停板幅度与现行执行的交易保证金比例、涨跌停板幅度不同时，则按两者中比例高、幅度大的执行。

关于交易保证金和涨跌停板的其他事项按《上海国际能源交易中心风险控制管理细则》执行。

特此通知。

附件：相关品种交易保证金比例和涨跌停板幅度调整一览表

上海国际能源交易中心

2021年2月26日