Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in November 2020 are listed as follows:

In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 96 cases, among which 39 cases were selftrades，52 cases were frequent order cancellations，3 cases were exceeding the limit of placing and cancellation of large-amount orders，2 cases for the combined size of positions within a group of accounts with actual control relationship exceeding the position limit prescribed by the Exchange.The Exchange has separately notified the relevant clients by phone through members，placed 17 clients and 3 groups of accounts with actual control relationship on the Exchange’s watchlist，notified 32 abnormal trading behaviors to all the members. The Exchange has suspended 9 clients and one group of accounts with actual control relationship from opening new positions on the relevant futures contracts and notified to the market.

In the aspect of identification and cooperative investigation of accounts with actual control relationship, The Exchange has identified 90 groups of 248 clients that exist the actual control relationship.

In the aspect of inspecting cases violating trading rules，the Exchange has dealt with 8 cases suspected of violation trading rules，of which 2 cases were suspected of accommodation trades，one case for existing actual control relationship but has not reported，5 cases were position liquidation exceeding the time prescribed by the Exchange.The Exchange has filed and investigated one of the cases suspected of violating trading rules.

The Exchange reminds the investors to be in compliance with its rules in the trading activities and report accounts with actual control relationship.

Shanghai Futures Exchange
December 11, 2020