Shanghai International Energy Exchange has released its Circular on the Approval of Membership of Hengli Petrochemical Distribution Co., Ltd as follows:

Upon deliberation of the Board of Directors, and in accordance with the Membership Management Rules of the Shanghai International Energy Exchange and relevant provisions, Shanghai International Energy Exchange (INE) hereby approves Hengli Petrochemical Distribution Co., Ltd to be the member of INE.

Within thirty trading days since the receipt of this approval, Hengli Petrochemical Distribution Co., Ltd shall enter into an agreement with INE and complete relevant admission procedures. Otherwise, the company will be deemed to have voluntarily given up its admission qualification.

INE hereby notifies as the above.

Shanghai International Energy Exchange

December 10, 2020