Measures for the Expert Committee of Iron Ore Portside Index

Chapter I General Provisions

Article 1. In order to establish a scientific and reasonable pricing mechanism that accurately reflects the price of iron ore, Beijing Iron Ore Trading Center Corporation (hereinafter referred to as “COREX”) has established an Expert Committee (hereinafter referred to as “the Committee”) for the compilation and release of the Iron Ore Portside Index (hereinafter referred to as the “IOPI”) to support the relevant work.

Article 2. The Committee shall adhere to the principles of openness, fairness, independence, and seeking truth from facts.

Chapter II Organizational Structure

Article 3. To ensure that all market participants can share their opinions, COREX invites a diverse range of enterprises and organizations, including steel mills, mining companies, traders, and iron ore industry service providers, to form the Committee.

Article 4. The Committee members serve a two-year term, and will be reappointed by default at the end of each term if no objections are raised by either party. Should a member withdraw or be replaced during the term, the Committee must notify COREX in writing.

Chapter III Scope of Responsibilities

Article 5. Committee members shall provide recommendations, such as the iron ore quality normalization adjustment value, in line with the data provision requirements set by COREX. The suggestions will serve as a reference for compiling the IOPI.

Article 6. Committee members may propose adjustments to the “Methodology Specifications of IOPI” according to market changes.

Chapter IV Rights and Obligations

Article 7. Committee members shall enjoy the following rights:

(1) Obtain necessary information regarding the “Methodology Specifications of IOPI” and the revision instructions, etc., for the purpose of performing their duties;

(2) Participate in the revision of the “Methodology Specifications of IOPI” and provide professional suggestions.

Article 8. Committee members shall undertake the following obligations:

(1) Strictly adhere to national laws and regulations as well as the relevant policies and rules of COREX, provide professional opinions objectively and impartially in line with the “Methodology Specifications of IOPI”, and shall not let personal interests compromise the independence of decision-making.

(2) Provide data promptly and accurately, ensuring that all information is truthful and complete.

(3) Uphold confidentiality regarding any unpublished data and business secrets etc., obtained during the compilation of the index, and shall not disclose such information to any third parties.

Chapter V Supervision and Administration

Article 9. COREX shall supervise the Committee members’ performance of duties, and has the right to consult relevant Committee documents, require explanations for any questionable matters and corrections for any violations, and oversee their implementation.

Article 10. COREX has the right to revoke its membership when a Committee member falls under any of the following situations:

(1) Providing false data or certification materials that may affect the accuracy of index compilation;

(2) Disclosing unpublished materials or information related to index;

(3) Engaging in any other illegal or irregular activities.

Chapter VI Supplementary Provisions

Article 11. COREX reserves the rights to interpret and revise these Measures.

Article 12. These Measures shall enter into force as of the date of promulgation.

Article 13. Both Chinese and English versions are valid. In case of any inconsistency, the Chinese version shall prevail.

铁矿石港口现货价格指数专家委员会管理办法

第一章 总则

第一条 为建立科学合理的定价机制，客观反映铁矿石价格，北京铁矿石交易中心股份有限公司（以下简称“北铁中心”）为编制发布铁矿石港口现货价格指数设立专家委员会（以下简称“专委会”），以支持指数相关工作。

第二条 专家委员会遵循公开、公正、独立、开放、实事求是的工作原则。

第二章 组织机构

第三条 为充分听取市场各方意见，北铁中心邀请钢厂、矿山、贸易商、铁矿石行业服务机构等各类企业或组织组成专家委员会。

第四条 专委会成员任期2年，到期后双方如无异议，则自动连任。任期内如有退出或更换，需由专委会成员书面通知北铁中心。

第三章 职责范围

第五条 专委会成员参照北铁中心相关数据提供要求，提供铁矿石品质标准化调整值等建议，作为铁矿石港口现货价格指数编制的参考依据。

第六条 专委会成员可根据市场情况变化，对指数编制方案提出调整建议。

第四章 权利与义务

第七条 专委会成员享有以下权利：

（一）获取指数编制方案、修订说明等为保障履职所需的相关信息；

（二）参与指数编制方案的修订，对指数编制方案提出专业建议。

第八条 专委会成员承担以下义务：

（一）严格遵守国家法律法规及北铁中心相关规章制度，按照指数编制方案客观、公正地提供专业意见，不得因自身利益影响决策独立性；

（二）及时、准确提供数据，确保数据真实、完整；

（三）对指数编制过程中接触的未公开数据、商业秘密等承担保密责任，不得向第三方披露。

第五章 监督管理

第九条 北铁中心对专委会成员的履职情况进行监督，有权查阅专委会相关文件，并要求其对存疑事项进行说明，对违规行为提出整改意见并监督落实。

第十条 专委会成员如有下列情形之一，北铁中心有权取消其专委会成员资格：

（一）提供虚假数据或证明材料，影响指数编制准确性；

（二）泄露指数未公开资料、信息；

（三）其他违法、违规行为。

第六章 附则

第十一条 本办法由北铁中心负责解释和修订。

第十二条 本办法自发布之日起实施。