Dear Members,

According to the actual condition of market, the trading time of Iron Ore Supermarket of COREX electronic trading system shall be adjusted to 9:00 –21:00 Beijing time on every trading day. Trading days of Iron Ore Supermarket are working days as specified by the state. The adjustment will become effective from November 26^th, 2021.

Regulations on Iron Ore Spot Trading of Beijing Iron Ore Trading Center and Administrative Measures for Trading on Iron Ore Supermarket of Beijing Iron Ore Trading Center (Trial Implementation) will be revised and effective simultaneously.

Hereby Informed.

Beijing Iron Ore Trading Center Corporation

November 25^th, 2021