From: The Shanghai Futures Exchange

To: Shenzhen Cuilu Gold Co., Ltd.

CC: All Certified Delivery Warehouses for Gold Futures

Subject: Approval of Registration of CUILU Gold Bullion

Filing Serial: SQPF [2017] No. 12

March 2, 2017

This is an official response to your company’s Application for Registration of CUILU Gold Bullion, and with respect to the Rules on Registration of Precious Metals Products for Futures Delivery, following our on-site inspection, sampling and assaying, your company’s CUILU gold bullion meets all requirements as prescribed in the Exchange’s gold contract specifications. Given that, you’re hereby notified of the following:

Ⅰ. We grant you the permission of the CUILU gold bullion being registered with the Exchange.

Ⅱ. Since the date of issuance, the above-mentioned product shall be applicable to the physical delivery against the Exchange’s gold futures contract. The product’s specifications are as below:

Registered Producer: Shenzhen Cuilu Gold Co., Ltd.

Place of Origin: Shenzhen, Guangdong Province

Product Name: 1 kg gold bullion（IC-Au99.99）

Weight per Piece & Dimension： 1kg （115±1）*（52.5±1）mm

Minimum Warranted Delivery Size（3 kg）：Composed of 3 pieces of 1 kg gold bullion

Packaging: each bullion is properly wrapped up using clean paper or plastic film and stored in a wooden box or plastic box.

Dimension of 1 plastic box containing 25 pieces of 1 kg gold bullion: 275*132*62 mm

Executive Standard: requirements as prescribed in the contract