Shanghai Jinghong Industrial Co., Ltd.,

We are in receipt of your Application for Revocation of Qualification for Futures Delivery (ref. HCJ [2011] No.1). In accordance with relevant regulations, specifically the Management Measures on SHFE Approved Delivery Warehouses as well as the practical situation of your company, a reply is hereby given as follows:

1. With the approval on your application for the revocation of the futures delivery warehouse located at 68, Hedan Road, Waigaoqiao Free Trade Zone, Shanghai, your company’s qualification as SHFE approved non-ferrous metal delivery warehouse has been revoked since the release of this Reply.

2. Your company shall make appropriate explanations to the clients in accordance with the requirements of SHFE and relevant regulations, and matters not mentioned herein shall strictly be subject to SHFE Approved Delivery Warehouse Agreement entered into between your company and SHFE.

Shanghai Futures Exchange

November 25th, 2011