To all concerning parties,

The China Securities Regulatory Commission (CSRC) has confirmed nickel futures and options of Shanghai Futures Exchange as Specified Products and approved the admission of overseas traders. With immediate effect, eligible clients may apply to Account Opening Institutions (including Futures Firm Members, Overseas Special Brokerage Participants and Overseas Intermediaries) for trading access to nickel futures and options contracts. Account Opening Institutions shall administer clients’ eligibility and trading access to the corresponding contracts in accordance with the relevant requirements of the Futures Trading Participant Eligibility Management Rules of the Shanghai Futures Exchange and the Operational Guidelines for the Futures Trading Participant Eligibility Rules of the Shanghai Futures Exchange. The specific details are as follows:

1. For domestic clients who have obtained trading access to nickel futures and options contracts prior to the issuance of this Notice, it is not necessary for Account Opening Institutions to re-conduct the eligibility assessment, nor close their trading access to the corresponding contracts.

2. For domestic clients applying for trading access to nickel futures or options contracts after the issuance of this Notice, Account Opening Institutions may grant trading access to the corresponding contracts if the clients have passed the eligibility assessment or meet the exemption criteria for the eligibility assessment.

3. For overseas clients opening accounts after the issuance of this Notice, Account Opening Institutions shall properly conduct the eligibility assessment and manage their trading access to the corresponding contracts.

Shanghai Futures Exchange

March 20, 2026