Shanghai International Energy Exchange (hereinafter referred to as “INE”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in October 2024 is listed as follows:
       In the aspect of administration of abnormal trading behaviors, INE has dealt with a total of 13 cases, among which 1 case was self-trades, 2 cases were frequent order cancellations, 10 cases were exceeding the intraday position opening volume prescribed by INE. INE has separately notified the relevant clients by phone through the members. INE has separately notified the relevant clients by phone through the members, notified 10 abnormal trading behaviors to all the members, suspended 10 groups of accounts that exist the actual control relationship from opening new positions on the relevant futures contracts and notified to the market.
       In the aspect of identification and cooperative investigation of accounts with actual control relationship, INE has identified 283 groups of 648 clients that exist the actual control relationship to cooperate with the investigation of the actual control relationship and urged 40 groups of 72 clients to cooperate with the investigation of the actual control relationship. INE has suspended some of these clients from opening new positions and restricted the fund withdrawal.
       In the aspect of inspecting cases violating trading rules, INE has not dealt with any case. INE has filed and investigated 1 case suspected of violating trading rules in October.
       INE reminds traders to be in compliance with its rules in the trading activities and report accounts with actual control relationship.

Shanghai International Energy Exchange
November 5, 2024