This is to acknowledge our receipt of the application of Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd to increase the active storage capacity for crude oil futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby issue the following response based on inspection and review results:

We approve the active storage capacity of Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd, located on North of BoHai Street，West of HaiFeng Road，Production Industrial Zone Binhai Economic Developing District，Weifang, Shandong Province, to be increased from 2,000,000m³ to 3,000,000 m³, with an approved storage capacity of 5,000,000 m³. The premium is 3 RMB yuan per barrel for the area where the depot is located.

As of the date of this notice, Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd shall offer Designated Delivery Storage Facility services within the increased active storage capacity, strictly abide by all relevant rules, strengthen operation management, and ensure the sound functioning of such services.

Shanghai International Energy Exchange Co., Ltd.

May 8, 2020