All related parties,

In accordance with the Trading Schedule during National Holidays for Year 2026, Shanghai Futures Exchange (hereinafter referred to as “SHFE”) hereby notifies the trading adjustments for the International Worker’s Day 2026 as follows:

1.The market will be closed from 3:00 p.m. of April 30, 2026 to May 5, 2026.

The market will resume trading on May 6, 2026 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.

2.As from April 29, 2026, SHFE will adjust the price limits and trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits of Copper futures contracts cu2703, cu2704, Aluminum futures contracts al2703, al2704, Zinc futures contracts zn2703, zn2704, Lead futures contracts pb2703, pb2704 and Aluminium Oxide futures contracts ao2703, ao2704 will be ±10% from the settlement price of the previous trading day, the trading margin rates for hedging will be 11% of the contract value, and the trading margin rates for general positions will be 12% of the contract value.

The price limits of Cast Aluminum Alloy futures contracts ad2703, ad2704, Wire Rod futures contracts wr2703, wr2704 and Stainless Steel futures contracts ss2703, ss2704 will be ±8% from the settlement price of the previous trading day, the trading margin rates for hedging will be 9% of the contract value, and the trading margin rates for general positions will be 10% of the contract value.

The price limits of Steel Rebar futures contracts rb2703, rb2704 and Hot-Rolled Coils futures contracts hc2703, hc2704 will be ±7% from the settlement price of the previous trading day, the trading margin rates for hedging will be 8% of the contract value, and the trading margin rates for general positions will be 9% of the contract value.

The price limits of Nickel futures contract ni2704 and Tin futures contract sn2704 will be ±12% from the settlement price of the previous trading day, the trading margin rates for hedging will be 13% of the contract value, and the trading margin rates for general positions will be 14% of the contract value.

The price limits of Natural Rubber futures contract ru2704 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.

The price limits of Woodpulp futures contract sp2704 and Offset Paper futures contract op2704 will be ±7% from the settlement price of the previous trading day, the trading margin rates for hedging will be 8% of the contract value, and the trading margin rates for general positions will be 9% of the contract value.

In case of the situation stipulated in Article 13 of the Risk Management Rules of the Shanghai Futures Exchange, the price limits and trading margin rates will be adjusted on the basis of the above mentioned parameters.

3.The market will resume trading on May 6, 2026. As from the first trading day without a limit-locked market, SHFE will adjust the price limits and trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits and trading margin rates for the aforementioned futures contracts will return to their original levels.

Please refer to the Risk Management Rules of the Shanghai Futures Exchange for other provisions concerning the price limits and trading margins.

All related parties shall manage risks in a sound manner to ensure the smooth functioning of the market.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

Appendix: The Adjustments of the Price Limits and Trading Margin Rates of Certain Futures Contracts

Shanghai Futures Exchange

April 27, 2026