Henan Zhongyuan Gold Smelter LLC,  

This is to acknowledge our receipt of your Application for Registration of Copper Cathode Products. In accordance with Rules of Shanghai Futures Exchange on Registration of Nonferrous Metals Products for Futures Delivery and other applicable rules, and following our field inspection and sample testing, we find your “ZJZY” grade A copper meets all the specifications of the copper cathode futures contract of Shanghai Futures Exchange. In view of this finding, we hereby issue the following response:

1.        We approve your registration of “ZJZY” Grade A copper, with a registered (phase 1) capacity of 200,000 metric tons.

2.         As of the date of release of this approval, the above-mentioned product is eligible for physical delivery against the copper cathode futures contract of Shanghai Futures Exchange. The product’s description is as follows:

Registered Producer:    Henan Zhongyuan Gold Smelter Limited Liability Company

Refinery Address: Sanmenxia, Henan

Product Name:             Grade A copper

Trademark:           ZJZY

Dimension:          Approx. 1040 × 1020 × 8 mm

Weight:                Approx. 100 kg

Weight per Bundle:      Approx. 2,500 kg

Minimum Delivery Size (25 metric tons):        About 10 bundles

Packing Materials:        Each bundle is to be securely fastened with 1 × 31.5 mm galvanized steel straps applied in a dual-line grid (“#”) pattern

Applicable Standard:    GB/T 467-2010

Shanghai Futures Exchange

September 13, 2017