Concerning parties:

Qing Feng No. 2 private equity investment fund account.

July 28, 2021, Qing Feng No. 2 conducted wash trades by buying and selling consecutively or trading with itself in low sulfur fuel oil contract.

The above-mentioned conducts have violated the provision in Article 29, paragraph 1, section 5 of the Enforcement Rules of Shanghai International Energy Exchange.

Accordingly, Shanghai International Energy Exchange decides to give Qing Feng No.2 a reprimand, and a fine of RMB100,000.

Relevant futures companies should strengthen the client compliance education, as well as the monitoring and management of online trading, and prevent the recurrence of similar incidents.

The resolution decisions of rule violation will be recorded in the Securities and Futures Market Credibility File Database.

Note: The Enforcement Rules of the Shanghai International Energy Exchange quoted in this Notice refers to the rules that came into force on August 2, 2019.

Shanghai International Energy Exchange
January 28, 2022