This is to acknowledge our receipt of the application of Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd as the delivery storage facility 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 Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd to be the delivery storage facility for crude oil futures.
As of the date of this notice, we approve the crude oil depot 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, to be the storage location of crude oil futures, with an active storage capacity of 2,000,000 m3 and 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.
All concerning parties shall attach great importance to relevant business, so as to guarantee the normal and sound delivery.
INE hereby notifies as above.

Shanghai International Energy Exchange
April 17, 2020