From: Shanghai Futures Exchange

To: Shandong Laigang Yongfeng Steel Corp.

CC: All Certified Delivery Warehouses for Steel Rebar Futurres

Subject: Approval of Modifications to Nameplate of Hot-rolled Ribbed Bars

Filing Serial: SQPF [2017] No. 25

June 9^th , 2017

This is an official response to your company’s Application for Modifications to Nameplate of Hot-rolled Ribbed Bars, and with respect to the Rules on Registration of Steel Products for Futures Delivery, your company’s application for modifying the nameplate of hot-rolled ribbed bars complies with relevant rules as prescribed by the Exchange. Given that, you’re hereby notified of the following:

We approved your company’s application for modifications to nameplate of hot-rolled ribbed bars. Your company has been granted the permission to start using the new product nameplate (See attachment) as of July 1, 2017, while the existing product nameplate will cease to be applicable.

Attachment: New and Existing Nameplate of “Yongfeng” Hot-rolled Ribbed Bars