Shanghai International Energy Exchange has released its Notice on Approving Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd. to Rename Hongrun Oil Storage & Transportation (Weifang) Co.,Ltd.as follows:

Recently, the Shanghai International Energy Exchange(hereinafter referred to as"INE") has received an application from Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd. In accordance with applicable provisions of the Delivery Rules of the Shanghai International Energy Exchange and relevant business rules, INE has decided to notify as follows:

INE approve the name of Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd.to be changed to Hongrun Oil Storage & Transportation (Weifang) Co.,Ltd in INE.

INE approve the delivery warehouse agreement between the former Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd.with INE shall be performed by Hongrun Oil Storage & Transportation (Weifang) Co.,Ltd., and the standard warrant issued by INE shall continue to be valid.

The rights and obligations of the former Sinochem-Hongrun Oil Staging(Weifang) Co.,Ltd. with respect to the designated delivery warehouse of INE shall be inherited by Hongrun Oil Storage & Transportation (Weifang) Co.,Ltd.

All concerning parties shall attach great importance to relevant business, so as to guarantee the normal and sound delivery.

INE hereby notifies as above.

Shanghai International Energy Exchange
April 17, 2023