TO: YUNNAN COPPER CO., LTD.

FILING SERIAL: SQPF [2013] NO. 38

This is an official response to your Application for Registration of “Tiefeng” Silver Bullion with a Delivery Unit of 30 Kg as well as to other relevant documents, and with respect to the Regulations of Shanghai Futures Exchange on Registration of Precious Metals for Futures Delivery, we approve of the registration of your company’s “Tiefeng” Silver Bullion with a delivery unit of 30 Kg upon the field check, sampling and assaying.

Ⅰ.Your company has been approved to register with the Exchange the “Tiefeng” Silver Bullion with a delivery unit of 30-Kg.

Ⅱ. Since the date of this document’s issuance, the above product will be qualified for performance delivery against the Exchange’s standard silver futures contract. The product specifications are as below:

Producer: Yunnan Copper Co., Ltd.

Place of origin: Kunming, Yunnan Province

Product name: Silver bullion（IC-Ag99.99）

Trademark: Tiefeng

Brand logo: (as shown in the picture)

　　Weight per piece & dimension：face side：（270±5）*（142±5）

　　Bottom side：（250±5）*（115±5）

　　Height：（92±5）mm

　　Weight per piece：Approx. 30 Kg

　　Delivery unit（30Kg）：composed of 1 piece of 30 Kg silver bullion

standard：GB/T 4135-2002