Shanghai International Energy Trading Center: the margin collection standard for delivery invoices has been adjusted from 20% to 15%.

SMM: according to the study, starting from October 15, 2020, the margin collection standard for the delivery of invoices by the Shanghai International Energy Trading Center will be adjusted from 20% to 15%, which will be refunded after the members have completed the VAT invoice.

I hereby inform you.

Shanghai International Energy Exchange Center

September 22, 2020