Dear customer

On April 19, 2023, the Dalian Commodity Exchange issued a notice on matters related to the listing and trading of ethylene glycol options and styrene options, confirming that ethylene glycol options and styrene options will be listed and traded from May 15, 2023 (Monday). On the day of listing, there will be a collective auction from 8:55 to 9:00, and the market will open at 9:00. On the evening of May 15th (Monday), ethylene glycol options and styrene options were traded overnight. The trading hours during the day and night are the same as the underlying futures contract.

1. Listing Trading Contract and Listing Benchmark Price

The first day listing contracts for ethylene glycol options are from EG2307 to EG2404, totaling 10 contract months; The first day listing contracts for styrene options are EB2307 to EB2404, totaling 10 contract months. The benchmark price for listing shall be announced by the exchange after settlement on the trading day before listing.

2. Trading margin

The selling margin for ethylene glycol and styrene options is calculated and collected according to the current company margin standard for the underlying futures, following the previous method of collecting commodity option margin by the company. Both ethylene glycol options and styrene options are calculated based on the company margin standard of 15% for their underlying futures, to collect the company margin for put options.

3. Position restrictions

The limit for holding ethylene glycol options is 8000 hands, and the limit for holding styrene options is 12000 hands. Ethylene glycol options and styrene options are subject to separate limit positions from the underlying futures.

Hereby notified.

Guangfa Futures Co., Ltd

April 20, 2023