Analysis: Article 17 of the Measures for the Administration of Futures Exchanges shall be dissolved under any of the following circumstances:

(1) The business term stipulated in the Articles of Association expires;

(2) The general meeting of members or shareholders decides to dissolve;

(3) China Securities Regulatory Commission decided to suspend business.

Where a futures exchange is dissolved due to the circumstances mentioned in Items (1) and (2) of the preceding paragraph, it shall report to the China Securities Regulatory Commission in advance.