TO: CMST DEVELOPMENT CO., LTD.

FILING SERIAL: SQPF [2013] NO. 16

Your company’s application for adding storage sites of certified delivery warehouses for natural rubber futures and adjusting the authorized storage capacity of Dachang Branch of your company has been duly received. In accordance with relevant regulations, specifically the " Certified Delivery Warehouse Regulations of Shanghai Futures Exchange", you’re hereby notified of the following upon our consideration:

1. Your warehouse at 585 Pingyu Road, Fengxian District, Shanghai, of Lingang Branch of your company has been approved as the storage site of SHFE’s certified delivery warehouse for natural rubber futures. The authorized storage capacity of the site is 35 thousand tons.

2. Your warehouse at No. 5 Road of Xiaozhan Industrial Park, Jinnan District, Tianjin, of Nancang Branch of your company and the warehouse at Xiazhuzhuang Street, Wuqing District, Tianjin, have been approved as the storage sites of SHFE’s certified delivery warehouses for natural rubber futures, with the authorized storage capacity of the Nancang Branch increased from 20 thousand tons to 30 thousand tons.

3. The authorized storage capacities of the SHFE’s certified delivery warehouses for natural rubber futures at No. 137 and No. 310 Nanda Road, Baoshan District, Shanghai, of Dachang Branch of your company have been approved to be adjusted from 35 thousand tons to 25 thousand tons.

4. Since the date of this document’s issuance, you shall operate physical delivery business under the new storage structure as abovementioned.