In order to ensure the successful listing of nickel and tin futures and intensify futures investor education, we will initiate the mock trading of nickel and tin futures. We expect our members and customers to develop a sound understanding of futures market and increase awareness of risk prevention with respect to nickel and tin futures through active participation in the mock trading. Details are as follows:

1.       The mock trading of nickel and tin futures is beginning on March 17, 2015, with its trading hours from 9:00 - 11:30 a.m. and 1:30 - 3:00 p.m.

2.       The benchmark price for mock trading of the listed nickel futures is set at RMB 105,000/ton and of the tin futures, at RMB 125,000/ton.

3.       The margin requirement for mock trading of nickel futures contract is tentatively set at 7% of the contract value, and the price limit, tentatively at 5%. For tin futures, the tentative margin requirement is set at 5% of the contract value, and the tentative price limit, at 4%. On the opening day of mock trading, the price limit is two times the tentative price limit (i.e. for nickel futures, within 10% above or below the benchmark price, for tin futures, within 8% above or below the benchmark price).

4.       The transaction fee for mock trading of nickel contract is tentatively set at RMB 6/lot, and for the tin contract, RMB 3/lot.

5.       We have opened a website for mock trading, and enabled the account-opening function for customer to conduct mock trading.. Information on mock trading and the appendix to this notification are available for downloading at the website (China Telecom: http://124.74.244.154; China Unicom: http://220.248.39.154).

6.       Customers participate in mock trading via the Internet. See the appendix for the mock trading rules and the website for the mock trading user manual.

7.       For customers who need to open account for the mock trading on the Internet, once they have obtained the password and downloaded customer trading software, they can log on to the mock trading system for such trading. For details, see the website.

8.       Our service hotline during the mock trading:

Technical Operation & Maintenance Center: Liu Jun, at 021-68400386 or liu.j@shfe.com.cn.

Trading Department: Hu Yiyan, at 021-68400359 or hu.yy@shfe.com.cn.

Non-ferrous Metals Department:

Xing Yuandong, at 021-20616108 or xing.yuandong@shfe.com.cn.

Chen Chen, at 021-20616110 or chen.chen@shfe.com.cn.