TO: GUANGDONG JINYE PRECIOUS METALS CO., LTD.

FILING SERIAL: SQPF [2013] NO. 34

This is an official reply to your application for a “JINYE” silver bullion registration, as titled the Application for “JINYE” Silver Bullion Registration, and with respect to the Regulations of Shanghai Futures Exchange on Registration of Precious Metals for Futures Delivery, we approve of the registration of “JINYE” silver bullion upon field check and sampling.

Since the date of this document’s issuance, the product abovementioned will be qualified for the physical delivery against the Exchange’s silver contract. Product specification is as below:

Producer: Guangdong Jinye Precious Metals Co., Ltd.

Place of origin: Huadu, Guangzhou

Product: Silver bullion（IC-Ag99.99）

Trademark: JINYE

Brand logo: (as shown in the picture）

Dimension:（365±5）*（135±2）*（30±2）mm

Piece per weight: Approx. 15kg

Pieces per lot (30kg/lot): 2 pieces

Product standard: GB/T 4135-2002 (IC-Ag99.99)