Concerning parties:

Zhao Yize, born in Harbin, Heilongjiang Province, in 1995.

Zhao Hongzhan, born in Harbin, Heilongjiang Province, in 1968.

On May 5, 2022, Zhao Yize used Zhao Hongzhan’s account to trade with Wang’s account on the contracts at Shanghai International Energy Exchange (INE) for illegal profits.

The above-mentioned behavior has violated the provision in Article 31, paragraph1, section 4 and section 5 as well as Article 32, paragraph 1, section 3 of the Enforcement Rules of the Shanghai International Energy Exchange.

Accordingly, INE decides to:
1. Give Zhao Yize a reprimand, and
2. Order to make corrections, suspend the position opening and trading by Zhao Yize for 2 months from the day after receiving the decision on rule violations;
3. Give Zhao Hongzhan warning and require him to strengthen the management of his own account to prevent similar incidents from happening again.

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
March 29, 2023