All related parties,

In accordance with the Risk Management Rules of the Shanghai International Energy Exchange and the Administration of Abnormal Trading Behaviors Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange hereby notifies the trading adjustments as follows:

As from April 12, 2024, (i.e. since the continuous trading session on the evening of April 11, 2024), INE will implement the trading limits on the crude oil futures contracts. The maximum intraday position opening volume of a Non-Futures Firm Member (Non-FF Member), Overseas Special Non-Brokerage Participant (OSNBP), or client in crude oil futures contracts is 3,200 Lots for each contract.

Accounts linked by actual control relationship are treated as a single account during the enforcement of this trading limit. Position opening volume for hedging or market-making purposes is not subject to this restriction.

For Non-FF Members, OSNBPs or clients who exceed the trading limit for the first time, they will be restricted from opening positions for no less than 5 trading days. For those who exceed the trading limit twice in aggregate, they will be restricted from opening positions for no less than 1 month. For those who exceed the trading limit for three times, they will be restricted from opening positions for no less than 2 months. If the violations are severe, those who violate rules on trading limit shall be subject to relevant provisions of the Enforcement Rules of the Shanghai International Energy Exchange.

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

Shanghai International Energy Exchange
April 10, 2024