Concerning party:

Shenzhen Hengding Manufacturing Jewelry Co. LTD

On June 29, 2022, Shenzhen Hengding Manufacturing Jewelry Co. LTD (Hengding), a client of Ping An Futures, traded with itself in INE low sulfur fuel oil futures contract to affect the 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 Hengding a reprimand, and a fine of RMB 30,000.

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