Measures for Fair Trading Management

Article 1. For the purposes of regulating iron ore spot trading activities, maintaining market order, protecting the lawful rights and interests of all trading parties, and promoting the sound development of the iron ore spot market, Beijing Iron Ore Trading Center Corporation (hereinafter referred to as "COREX") formulates these Measures in accordance with relevant policies and regulations, including the "Measures for the Administration of Trading Venues in Beijing" and the "Special Provisions on Commodity Spot Market Trading (Trial)."

Article 2. COREX shall foster an open, just, and fair trading environment and maintain sound market order for members conducting business through the iron ore spot electronic trading system of COREX (hereinafter referred to as the “System”).

Article 3. COREX shall, under the principle of fair trading, establish and improve impartial trading mechanisms to ensure equal trading opportunities for different brands and different members.

Article 4. Members trading on the System shall comply with relevant laws and regulations and the trading rules of COREX, and shall conduct trading in accordance with the principles of openness, fairness, impartiality, good faith, voluntariness, and reciprocity.

Article 5. Members are prohibited from engaging in the following activities:

1. Trading, seeking trading opportunities, or disrupting trading order, through monopoly, fraud, collusion, market manipulation, unfair competition, commercial bribery, false publicity, infringement of trade secrets, or other illegal or non-compliant acts;

2. Other trading activities that undermine the principle of fairness.

Article 6. COREX shall ensure fair trading through the formulation of management regulations, technical monitoring, and other means.

Article 7. COREX shall supervise members’ trading by monitoring and analyzing specific trading behaviors, conducting assessments, and disclosing information.

Article 8. If a member, while conducting business activities on the System, discovers that another member is engaged in activities suspected of violating the principle of fair trading, it may promptly report to COREX.

Article 9. If COREX receives a report from a member or identifies any member behavior that violates the principle of fair trading during the fair-trading management process, it may conduct investigations and take actions in accordance with relevant trading rules such as the "Administrative Measures for Risk Control on Iron Ore Spot Trading of Beijing Iron Ore Trading Center".

Article 10. COREX reserves the right to interpret and revise these Measures.

Article 11. Both Chinese and English versions are valid. In case of any inconsistency, the Chinese version shall prevail.

公平交易管理办法

第一条 为规范铁矿石现货交易活动，维护市场秩序，保护交易各方的合法权益，促进铁矿石现货市场健康发展，根据《北京市交易场所管理办法》、《商品现货市场交易特别规定（试行）》等政策法规，北京铁矿石交易中心股份有限公司（以下简称“北铁中心”）制定本办法。

第二条 北铁中心为在北铁中心铁矿石现货电子交易系统（以下简称“系统”）进行业务活动的会员创造公开、公正、公平的市场交易环境及良好市场秩序。

第三条 北铁中心负责以公平交易为原则，建立和完善公平的交易机制，确保不同交易标的、不同会员享有的公平交易机会。

第四条 北铁中心交易会员在系统进行业务活动应遵守法律法规及北铁中心交易规则，遵循公开、公平、公正、诚实信用、自愿、有偿原则进行交易。

第五条 会员禁止从事以下交易：

1. 以垄断、欺诈、串通、操纵市场、不正当竞争、商业贿赂、虚假宣传、侵犯商业秘密或其它违法违规行为进行交易或争取交易机会或者破坏交易秩序；

2. 其他破坏公平原则的交易。

第六条 北铁中心通过制定管理制度、技术监控等手段保证公平交易原则的实现。

第七条 北铁中心通过对具体交易行为进行监控、分析评估和信息披露来对公平交易进行监督。

第八条 会员在系统进行业务活动时，如果发现其他会员具有涉嫌违背公平交易原则的行为，可及时向北铁中心报告。

第九条 北铁中心在公平交易管理过程中接到会员报告或发现会员存在违反公平交易原则的行为，可根据《北京铁矿石交易中心铁矿石现货交易风险控制管理办法》等相关交易规则进行调查、处理。

第十条 本办法由北铁中心负责解释和修订。