Concerning party:

Li Yongjian, born in Shaodong, Hunan Province, in 1974.

Zhao Xi, born in Shaodong, Hunan Province, in 1981.

From August to December, 2023, Li Yongjian and Zhao Xi traded the contracts at Shanghai International Energy Exchange (INE), shifting funds between accounts and disrupting the market.
The above-mentioned behavior has violated the provision in Article 32, paragraph 1, section 3 of the Enforcement Rules of the Shanghai International Energy Exchange.
Accordingly, INE decides to:
1. Give Zhao Xi a public censure, and give Li Yongjian a reprimand, and
2. Order to make corrections, suspend the position opening and trading by Li Yongjian for 3 months from the day after receiving the decision on rule violations, and suspend the position opening and trading by Zhao Xi 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.

Shanghai International Energy Exchange
August 27, 2024