Concerning parties:

Mo Xue Wen Jian No.2 private investment fund

Mo Xue Shun Sui No. 3 private equity investment fund

On July 28, 2022, Mo Xue Wen Jian No.2 private investment fund (Mo Xue No.2) and Mo Xue Shun Sui No. 3 private equity investment fund (Mo Xue No.3), managed by Mo Xue Fund Management, client of Huawen Futures, traded with itself in INE low sulfur fuel oil futures contract to affect futures trading prices.

The above-mentioned conducts have violated the provision in Article 32, paragraph 1, section 5 of the Enforcement Rules of Shanghai International Energy Exchange.

Accordingly, Shanghai International Energy Exchange decides to give Mo Xue No.2 and Mo Xue No.3 a reprimand, and a fine of RMB 30,000 each.

Relevant futures companies should strengthen the client compliance education, as well as the monitoring and management of online trading, and prevent the recurrence of similar incidents.

The resolution decisions of rule violation will be recorded in the Securities and Futures Market Credibility File Database.

Shanghai International Energy Exchange
December 8, 2022