To Zhuzhou Smelter Group Co., Ltd.,

Your Application for Registration of “Torch” Silver Ingot and relevant documents have been received. In accordance with relevant regulations, specifically the Rules of Shanghai Futures Exchange for Registration of Precious Metal for Futures Delivery, your company’s “Torch” silver ingot complies with all specifications as prescribed in the standard silver futures contract of the Exchange after our on-site registration inspection and sampling inspection. You’re hereby notified of the following:

1. Your application for registration of “Torch” silver ingot with the Exchange has been approved.

2. The above products can be used for performance delivery of standard silver futures contract of the Exchange. The relevant product information is given as follows:

Manufacturing enterprise: Zhuzhou Smelter Group Co., Ltd.

Place of Origin: Zhuzhou, Hunan Province

Product Name: Silver Ingot (Ag 99.99)

Registered trademark: Torch

Product Logo: (as shown in the figure)

　　Overall dimension: (370±5)*(135±2)*(30±1) mm

　　Lump weight: about 15 kg

　　Each delivery unit (30 kg): 2 bundles

　　Executive Standard: GB/T 4135-2002