The trading margin rate for crude oil futures contracts will be updated from 10% to 7% of the contract value and the price limit will be updated from ±8% to ±6% from the settlement price of that day since the daily clearing process begins on November 27, 2019.

In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.

Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

       Shanghai International Energy Exchange

November 25, 2019