Nov. 28, 2012

Sinotrans Eastern:

We have received your company's Application for Increase in Storage Capacity of Silver Warehouse at 865, Hongjing Road, the City of Shanghai. In accordance with relevant regulations, specifically the Certified Delivery Warehouse Regulations of Shanghai Futures Exchange, you are hereby notified of the following upon our consideration:

Ⅰ. It has been approved that the certified storage capacity of your company's silver warehouse at 865, Hongjing Road, the City of Shanghai be increased from 500 tons to 800 tons.

Ⅱ. Since the release of this Notification, your company shall conduct businesses at the certified delivery warehouse based on the approved storage capacity after adjustment. Your company shall strictly abide by relevant regulations and make sure that your dealings at the certified delivery warehouse be conducted in a proper and orderly way.