Dear Members:

It is announced that Regulations on Iron Ore Spot Trading of Beijing Iron Ore Trading Center, Administrational Measures for Membership Management of Beijing Iron Ore Trading Center, Measures for Credit pre-matching on Iron Ore Spot Trading of Beijing Iron Ore Trading Center, Measures for the Generation of Benchmark Prices on Iron Ore Spot Trading of Beijing Iron Ore Trading Center, Administrative Measures for Risk Control on Iron Ore Spot Trading of Beijing Iron Ore Trading Center are hereby revised according to requirements from members. And the regulations mentioned above will take effect on 7 November 2019.

Attachments:

1. Regulations on Iron Ore Spot Trading of Beijing Iron Ore Trading Center

2. Administrational Measures for Membership Management of Beijing Iron Ore Trading Center

3. Measures for Credit pre-matching on Iron Ore Spot Trading of Beijing Iron Ore Trading Center

4. Measures for the Generation of Benchmark Prices on Iron Ore Spot Trading of Beijing Iron Ore Trading Center

5. Administrative Measures for Risk Control on Iron Ore Spot Trading of Beijing Iron Ore Trading Center

Hereby Informed.

Beijing Iron Ore Trading Center Corporation

6 November, 2019