Concerning parties:
Tang Ying, born in, Xu Hui, Shang Hai, 1956.
Sun Muzhi, born in, Xu Hui, Shang Hai, 1987.
Dong Changhai, born in Hai Kou, Hai Nan,1989.

From January 2, 2020 to August 23, 2021, Sun Muzhi, conspired with Dong Changhai, used Tang Ying’s account to trade with two companies on the futures and options contracts at Shanghai International Energy Exchange (INE) for illegal profits.
The above-mentioned behavior has violated the provision in Article 29, paragraph 1, section 3 of the Enforcement Rules of the Shanghai International Energy Exchange, which stipulates the conduct of "applying methods such as transferring or splitting positions between accounts, or accommodation trade, to affect the prices on the Exchange, or to transfer funds between accounts or make illegal profits” as constituting rule violation relating to trading management.
Accordingly, INE decides to:
1. Give Tang Ying, Sun Muzhi and Dong Changhai a reprimand, and
2. Order to make corrections, give Sun Muzhi a fine of RMB 10,000, suspend the position opening by Tang Ying for 12 month, and suspend the position opening by Dong Changhai for 2 months from the day after receiving the decision on rule violations.
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.
Note: The Enforcement Rules of the Shanghai International Energy Exchange quoted in this Notice refers to the rules that came into force on August 2, 2019.

Shanghai International Energy Exchange
November 2, 2022