This is to acknowledge our receipt of the application of Sinopec Petroleum Reserve 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 increasing active storage capacity of Sinopec Petroleum Reserve Co., Ltd, located on No.83 Bin Hai Avenue, Yang Pu Economic Development Zone, Hainan Province, from 400,000 m³ to 600,000 m³, with an approved storage capacity of 1,000,000 m³.

We approve the increasing active storage capacity of Sinopec Petroleum Reserve Co., Ltd, located on No.16 Lan Shan Tou Avenue Port Area, Lan Shan District, Rizhao, Shangdong Province, from 400,000 m³ to 600,000 m³, with an approved storage capacity of 1,200,000 m³.

As of the date of this notice, Sinopec Petroleum Reserve Co., Ltd are to 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.

April 9, 2020