July 26th, 2011

Yunnan State Farms Group Co., Ltd.,

We have received your Application for Registration with Shanghai Futures Exchange of Yunnan State Farms Group Co., Ltd.” and the relevant documents. In accordance with relevant regulations，specifically rules of Shanghai Futures Exchange for Registration of Natural Rubber for Futures Dellivery, your natural rubber branded products “Yunxiang’, “Dongfeng’ and “Gold Phoenix” （SCR WF） comply with all specifications as presceibed in the standard natural rubber futures contract of the Exchange after our on-site registration inspection and sampling inspection.

You are hereby notified of the following:

Ⅰ. Your application for registration of “Yunxiang”, “dongfeng” and “Gold Phoenix” natural rubber （SCR WF）with the Exchange has been approved.

Ⅱ. The above products can be used for performance of futures delivery of the Exchange standard natural rubber futures contract as of the day of release of this notification. Relevant product descriptions are as below:

1. The Brand “Yunxiang”

　　Registered Enterprise: Yunnan State Farms Group Co., Ltd.

　　Place of Origin: The processing factory subordinate to Yunnan State Farms Group Co., Ltd. (See Appendix 1)

　　Product Name：Full latex（SCR WF）

　　Trademark: Yunxiang

　　Product Logo：（as shown in the figure）

　　External Dimensions: 600*400*200 and 670*330*200 mm

　　Weight Per Package: Net weight 40kg and 33.3kg

　　Each Delivery Unit（5tons）：Consist of 125 packages and 150 packages

　　Packed in 2 Layers：The inner layer is polyethylene film; the outer layer is polypropylene woven bag

　　Executive Standard: GB/T8081-2008（SCR WF）

2. The Brand“Dongfeng”

　　Registered Enterprise: Yunnan State Farms Group Co., Ltd.

　　Place of Origin: The processing factory subordinate to Yunnan State Farms Group Co., Ltd. (See Appendix 2)

　　Product Name：Full latex（SCR WF）

　　Trademark: Dongfeng

　　Product Logo：（as shown in the figure）

　　External Dimensions: 600*400*200 and 670*330*200 mm

　　Weight Per Package: Net weight 40kg and 33.3kg

　　Each Delivery Unit（5tons）：Consist of 125 packages and 150 packages

　　Packed in 2 Layers：The inner layer is polyethylene film; the outer layer is polypropylene woven bag

　　Executive Standard: GB/T8081-2008（SCR WF）

3. The Brand “Gold Phoenix”

　　Registered Enterprise: Yunnan State Farms Group Co., Ltd.

　　Place of Origin: The processing factory subordinate to Yunnan State Farms Group Co., Ltd. (See Appendix 3)

　　Product Name：Full latex（SCR WF）

　　Trademark: Gold Phoenix

　　Product Logo：（as shown in the figure）

　　External Dimensions: 600*400*200 and 670*330*200 mm

　　Weight Per Package: Net weight 40 kg and 33.3kg

　　Each Delivery Unit（5tons）：Consist of 125 packages and 150 packages

　　Packed in 2 Layers：The inner layer is polyethylene film; the outer layer is polypropylene woven bag

　　Executive Standard: GB/T8081-2008（SCR WF）

　　Appendix 1: List of Yunxiang natural rubber processing factories

　　Appendix 2: List of Dongfeng natural rubber processing factories　

　　Appendix 3: List of Gold Phoenix natural rubber processing factories 　

　　Shanghai Futures Exchange