The Shanghai Stock Exchange issued a notice to complete market risk control during the National Day in 2025. According to the National Day holiday schedule, our market will be closed from October 1 to October 8, the market will open as usual from October 9, and there will be no night market trading on the evening of September 30. In order to prevent fluctuations in gold and silver prices in the international market during the holiday season, in accordance with the relevant provisions of the “Shanghai Gold Exchange Risk Control Management Measures”, our firm adjusted the trading margin level and fluctuation ratio for gold and silver deferred contracts. The relevant matters are now notified as follows: from the closing and settlement on September 26, 2025, the margin ratio for contracts such as Au, MAu, Au, nYautn06, and nyAutn12 will be adjusted from 14% to 16%, and the margin limit for Ag contracts will be adjusted from 13% to 15%; the margin ratio for Ag contracts will be adjusted from 17% to 19%, and the margin limit will be adjusted from 16% to 18% starting the next trading day. If there is a one-sided market on September 26, when the level of margin and fluctuation stoppage adjusted in accordance with the relevant provisions of the “Shanghai Gold Exchange Risk Control Management Measures” is higher than the above standards, it will be implemented according to higher standards. The exchange will separately announce the margin ratio of the above contracts and subsequent adjustments to the fluctuation limit after the National Day. All members are requested to raise awareness of risk prevention, prepare detailed risk emergency plans, and prompt investors to do a good job of risk prevention, reasonably control positions, invest rationally, and ensure the stable and healthy operation of the market.

The Shanghai Stock Exchange issued a notice to complete market risk control during the National Day in 2025. According to the National Day holiday schedule, our market will be closed from October 1 to October 8, the market will open as usual from October 9, and there will be no night market trading on the evening of September 30. In order to prevent fluctuations in gold and silver prices in the international market during the holiday season, in accordance with the relevant provisions of the “Shanghai Gold Exchange Risk Control Management Measures”, our firm adjusted the trading margin level and fluctuation ratio for gold and silver deferred contracts. The relevant matters are now notified as follows: from the closing and settlement on September 26, 2025, the margin ratio for contracts such as Au, MAu, Au, nYautn06, and nyAutn12 will be adjusted from 14% to 16%, and the margin limit for Ag contracts will be adjusted from 13% to 15%; the margin ratio for Ag contracts will be adjusted from 17% to 19%, and the margin limit will be adjusted from 16% to 18% starting the next trading day. If there is a one-sided market on September 26, when the level of margin and fluctuation stoppage adjusted in accordance with the relevant provisions of the “Shanghai Gold Exchange Risk Control Management Measures” is higher than the above standards, it will be implemented according to higher standards. The exchange will separately announce the margin ratio of the above contracts and subsequent adjustments to the fluctuation limit after the National Day. All members are requested to raise awareness of risk prevention, prepare detailed risk emergency plans, and prompt investors to do a good job of risk prevention, reasonably control positions, invest rationally, and ensure the stable and healthy operation of the market.