Chapter I General Provisions Article 1 In order to develop the socialist planned commodity economy, improve the market mechanism, and give full play to the coordinating role of circulation in production and consumption, these Provisions are formulated in accordance with the relevant policies and regulations of the state and the actual situation of Shenzhen Special Economic Zone. Article 2 Shenzhen Nonferrous Metals Exchange is a non-profit enterprise legal person jointly invested by state-owned companies. The Exchange is under the jurisdiction of Shenzhen Economic Development Bureau. Article 3 The trading on the exchange floor shall follow the principles of fairness, justice, reasonableness and legality, and implement open competition and centralized trading. Contracts can be transferred regularly on the exchange. Article 4 All transactions conducted in the Exchange shall abide by these Provisions. Chapter II Board of Supervisors of the Exchange Article 5 The Shenzhen Nonferrous Metals Exchange shall set up a Board of Supervisors (hereinafter referred to as the Board of Supervisors) to supervise, coordinate and audit the Exchange. Article 6 The Board of Supervisors consists of Shenzhen Economic Development Bureau, Market Office, Industry and Commerce Bureau, Economic Restructuring Commission, Legal Affairs Bureau, Shenzhen Branch of China People's Bank and relevant departments of ministry of materials and equipment and China Nonferrous Metals Industry Corporation. Article 7 The duties of the Board of Supervisors of Shenzhen Nonferrous Metals Exchange are:

1. Supervise the trading activities of the Exchange according to national laws, policies and these Provisions;

2. Submit work reports to the board of directors and the exchange manager regularly, attend board meetings as nonvoting delegates when necessary, raise objections to board meetings and request reconsideration;

3. Review the annual final accounts report of the Exchange and check the financial status of the Exchange;

4. Coordinate with relevant departments on exchange of prices, materials and taxes;

Five, stop the price manipulation and illegal transactions in the trading market. Article 8 The ways and methods of supervision shall be studied and agreed by the Board of Supervisors. Chapter III Organization Article 9 The Council shall be responsible for the economic management of the exchange. The members of the board of directors are composed of all investors' representatives and members; And approved by the competent authority for the record. Article 10 An exchange shall implement the manager responsibility system under the leadership of the board of directors. Chapter IV Members and Market Representatives of the Exchange Article 11 The Exchange shall adopt the membership system. An enterprise as a legal person that produces, manages and consumes non-ferrous metals may apply, and after examination by the Council, it shall report to the competent authority for approval to join the membership and apply for a business license. Article 12 Exchange members may send one or two market representatives to enter the market for trading. Article 13 The Exchange shall examine the qualifications of market representatives in accordance with these Provisions and trading rules. Those who have not obtained the qualification of market representative shall not enter the market for trading. Article 14 Market representatives conduct transactions on the exchange according to the instructions of member units. The contract signed by the authorized representative of the member unit in the exchange in accordance with the contract law has legal effect. Chapter V Transaction Management Article 15 Non-ferrous metals such as copper, aluminum, lead, zinc, tin, nickel, magnesium and antimony. , who are not included in the national mandatory plan, can be traded on the exchange. Article 16 The development direction of exchanges is futures trading places. At the beginning of the trial, from spot trading and forward contracts, it gradually transitioned to standardized futures trading. Article 17 On-site trading of an exchange shall be conducted by representatives of member units in accordance with these Provisions and the trading rules of the exchange. The final invoice shall be stamped with the special seal for market (exchange) transactions.

Any member is prohibited from illegally transferring forward contracts and futures contracts over the counter. Eighteenth non-member units with the corresponding business scope of non-ferrous metals can entrust member units to trade through their municipal representatives. Article 19 The transaction host, recorder and transaction supervisor must be objective, fair and honest. Article 20 The exchange implements market regulation under the guidance of the national price policy. Article 21 The quotation range of the exchange shall be determined by the exchange according to the transaction type. Chapter VI Settlement and Delivery Article 22 An exchange shall set up a settlement unit with financial institutions as the main body to conduct unified settlement of transactions of the exchange. At the initial stage of the pilot, the exchange may set up a settlement department and open a special settlement account in a designated bank to accept the transaction settlement of the exchange. Article 23 The trading settlement of an exchange shall be subject to the business guidance and supervision of the bank where the account is opened. Article 24 The exchange shall implement the margin system. All members who trade on the exchange must pay the deposit to the settlement unit in accordance with the trading rules of the exchange. Article 25 Both parties to a transaction shall, at the completion of each transaction, pay a trading deposit to the settlement department according to a certain proportion of the transaction amount. Twenty-sixth after the signing of the transaction, the settlement department has the responsibility to supervise the performance of the contract and assume the responsibility for the performance of the contract instead of the defaulting party. The settlement department has the right to deduct the corresponding losses from the default party's deposit and transaction deposit. When the default party's margin and transaction margin are insufficient to make up for the actual losses, the settlement department has the right of recourse. Twenty-seventh exchange business charges and member units customer transaction charges by the competent authority for examination and approval, the price department for approval before implementation. Article 28 The physical delivery method of a trading contract shall be stipulated by the trading rules of the exchange. Chapter VII Penalties Article 29 Where exchanges, member units and entrusted units engage in non-ferrous metal trading and over-the-counter trading beyond the business scope approved by the competent authorities, the industrial and commercial departments shall punish them in accordance with relevant state laws and regulations. Article 30 Exchange staff and market representatives who practise fraud, engage in malpractices for selfish ends, spread rumors to mislead people, cheat and violate these Provisions shall be given the following penalties:

1. Confiscation of illegal income;

Two, impose a fine of less than 20% of the amount involved;

Three, in accordance with the management authority of cadres and workers, given administrative sanctions by the relevant departments. If a public official is dismissed as a result, no unit may be re-employed as a futures trading employee;

Four, if the circumstances are serious violations of the criminal law, submitted to judicial organs according to law.

The above penalties can be imposed concurrently.