This is to acknowledge our receipt of the application of Dalian Petrochina International Warehousing & Transportation 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 Dalian Petrochina International Warehousing & Transportation Co.,Ltd. located on No.31 Hai Nian Road, Dalian Bonded Area from 400,000 m³ to 1,150,000 m³, with an approved storage capacity of 1,150,000 m³.

As of the date of this letter, Dalian Petrochina International Warehousing & Transportation 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 2, 2020