In accordance with Designated Delivery Warehouse Rules of the Shanghai Futures Exchange and Bleached Softwood Kraft Pulp Factory Delivery Rules of the Shanghai Futures Exchange（Trail）, we hereby approve Xiamen C&D Paper Co., Ltd. (“C&D Paper”), Zhejiang Yongan Capital Management Co., Ltd. (“ Yongan Capital”) and Jinyi Trading (Shanghai) Co., Ltd. (“Jinyi Company”) to be the designated factories of bleached softwood kraft pulp (“designated factory”).

As of the date of this announcement, the above designated factories shall offer designated factory services within the approved storage capacity, strictly abide by all relevant rules, and ensure the sound functioning of such services. From September.28.2020, C&D Paper, Yongan Capital, and Jinyi Company can offer designated factory services for bleached kraft softwood pulp.

Appendix:
1. List of Shanghai Futures Exchange Bleached Softwood Kraft Pulp Designated Factories
2. Contact Information for Shanghai Futures Exchange Bleached Softwood Kraft Pulp Futures Designated Factories

Shanghai Futures Exchange
September 9, 2020