Futures Brokerage Contract

Party A: the first party, the first, the second and the third.

Residence: it is: the first, the second and the third.

Zip code: it's a very good one.

Business telephones: TD, TD, TD, TM, TD, TD, TM, TD, etc.

Facsimile: fax, TD, TD, TM, TD, TD, TM, TD, TM, TD, TM, TD, etc.

Party B: it will be in the following areas:

Residence: it is: the first, the second and the third.

Zip code: it's a very good one.

Facsimile: fax, TD, TD, TM, TD, TD, TM, TD, TM, TD, TM, TD, etc.

On the principle of equal consultation and good faith, Party A and Party B

Section 1 obligation to explain before concluding a contract

Article 1 before signing this contract, Party A has produced "customer instructions" and "futures trading risk statement" to Party B, and has fully explained the risks of futures trading.

Party B has carefully read and fully understood the contents of the above documents and has signed and agreed.

Article second before signing this contract, Party B has signed the "customer statement" and completed the "application form for opening accounts", so as to ensure that Party A is entrusted to engage in futures trading in its own name, to ensure the authenticity of the identity documents or the legal documents of legal persons and other organizations, and that there is no "Prohibition of futures trading" stipulated in the "customer statement".

If Party B deliberately conceals the facts and fails to fulfill the obligation of truthfully disclosure, Party A has the right to refuse to open an account for Party B, or to terminate the futures brokerage contract, settle the position of Party B, and do not refund the fee, and the loss thus caused shall be borne by Party B.

Article third before signing this contract, Party A has fully explained the meaning of the terms of this contract to Party B, and the two sides believe that the terms of this contract are clear and ambiguous.

The second section is entrusted.

Fourth Party B entrusts Party A to conduct futures trading for Party B in accordance with Party B's trading instructions. Party A accepts Party B's entrustment and carries out futures trading according to Party B's trading instructions.

Party A shall execute Party B's trading instructions according to the rules of futures exchanges established in China (hereinafter referred to as futures exchanges).

Article fifth according to the current state laws and regulations, Party A shall not accept the full power of Party B, that is, Party A shall not decide the paction instructions on behalf of Party B.

Article sixth according to the current state laws and regulations, Party A shall not make a profit guarantee to Party B or share interests or risks with Party B.

Seventh Party A and Party B jointly confirm that the agents chosen by Party B (including the instruction of the lower Party and the fund pfer agent) are the employees of non Party A, and any acts made by the agent within the scope authorized by Party B represent Party B's actions, and Party B shall bear all the responsibilities arising therefrom.

Third section margin and its management

Eighth Party A opens a futures margin account in the relevant banks for depositing Party B's margin.

Ninth the guarantee metal deposited by Party B is owned by Party B.

Party A shall not use Party B's deposit in addition to the conditions stipulated in the seventeenth article of this contract.

If Party A fails to engage in futures brokerage business due to bankruptcy or other reasons, Party B's margin shall not be used to compensate Party A's debts or to divert him from others.

Tenth Party B's deposit can be deposited with Party A through bills and bank pfer.

Party A shall have the right to require Party B to produce the relevant documentary evidence of the drawer and to confirm the paction of Party B's funds when the deposit is deposited in the form of bills and bank pfer.

Eleventh Party B shall guarantee the legality of its source of funds.

Party A has the right to require Party B to explain the legality of the source of funds, and, if necessary, ask Party B to provide relevant certificates.

Twelfth Party B can pledge the bond according to the rules of the futures exchange on the basis of the standard warehouse receipt and other rights vouchers. Party B can authorize Party A to convert the pledge into a qualitative or other way. The specific rights and obligations are determined by the two parties separately signed the pledge agreement.

Thirteenth Party A shall have the right to adjust the margin ratio on the basis of futures exchange regulations or market conditions.

When Party A adjusts margin ratio, Party A shall issue a notice or notice of adjustment margin.

Fourteenth, when Party A has reason to believe that Party B has a greater risk of unliquidated contracts, it has the right to raise the margin ratio alone or reject Party B's opening of the new warehouse.

Under such circumstances, the notice of raising the margin or requiring Party B to not open a new warehouse shall be issued to Party B separately and the notice will be effective once it is issued.

Fifteenth Party A sets up a guarantee account for Party B, and reports the balance of margin account and fund pfer to Party B in the form of daily paction settlement report.

The sixteenth way of Party B's payment shall conform to the relevant provisions of the people's Bank of China, the China Securities Regulatory Commission and the Bank of first party's settlement of funds.

Article Seventeenth Party A shall have the right to pfer the corresponding amount of funds from the margin account of Party B under the following circumstances:

(1) a margin deposit drawn or pferred in accordance with the instructions of Party B or Party B's funds pfer;

(two) margin for liquidating futures exchange or liquidation difference;

(three) liquidated damages for physical delivery paid by Party B or Party B's failure to perform.

(four) Party B shall be fined by the regulatory authorities or futures exchanges for violation of laws or regulations.

(five) warehousing expenses or related expenses paid by Party B.

(six) Party B shall pay the Commission and other fees and related taxes to Party A and futures exchanges.

(seven) the agreement between Party A and Party B in the written agreement.

(eight) other relevant laws, regulations, futures regulatory departments and futures exchanges.

If the eighteenth parties have signed the "silver futures pfer agreement" or other agreements with the banks, the two parties shall implement the agreement in accordance with the agreement.

Party A is obliged to keep confidential the relevant information of the margin account of Party B, except for special provisions of the state laws and regulations.

The fourth section specifies special matters.

Nineteenth Party A accepts Party B or Party B's instructions under the terms of this contract to give orders for pactions and deliveries.

In this contract, Party B's authorized instruction refers to Party B's own legal instructions under the condition that the right to exercise the order is unchanged.

During the period of validity of this contract, the additional instructions issued by Party B and Party B also have the same order, the signing of the paction settlement report, the paction settlement month report and the margin recall notice, and the right of objection.

If Party B requests otherwise or requires re authorization, Party A shall be informed in writing in the form of the original authorization.

Party B authorizes the following personnel to be Party B's instructions:

Name, number, number, number, number, number, number, number, number, number, number, number, number, number, weight, weight, weight, etc.

Name, number, number, number, number, number, number, number, number, number, number, number, number, number, weight, weight, weight, etc.

Under the above instructions, Party B should clarify one of the following two situations.

(1) signature (or / or seal) of one of them is effective.

Two persons sign (and / or seal) at the same time.

The twentieth Party A accepts the funds pfer instructions of Party B or Party B authorized by the provisions of this contract.

The capital allocation authority authorized by Party B refers to the increase of the legal fund pfer agent in the case of Party B's own exercise of the right to allocate funds.

During the period of validity of this contract, the additional fund pfer agent has the same right to allocate funds as Party B.

Party A shall take the time to receive the instruction and implement the allocation.

If Party A receives different instructions from Party B and his increased fund pfer officer at the same time point, it will be given priority according to Party B's instructions.

If Party B requests otherwise or requires re authorization, Party A shall be informed in writing in the form of the original authorization.

Party B authorizes the following personnel to allocate funds to Party B:

Name, number, number, number, number, number, number, number, number, number, number, number, number, number, weight, weight, weight, etc.

Name, number, number, number, number, number, number, number, number, number, number, number, number, number, weight, weight, weight, etc.

For the above funds pfer party, Party B should clarify one of the following two situations.

(1) signature (or / or seal) of one of them is effective.

Two persons sign (and / or seal) at the same time.

If Party B is a legal person or other economic organization, it must be signed (or stamped) by the preceding fund pfer person, and the legal person or other economic organization shall be affixed with an official seal or a financial special seal to confirm the reservation.

The twenty-first Party A accepts the bank settlement account authorized by Party B or Party B in accordance with the provisions of this contract for capital allocation.

The bank settlement account of Party B's capital allocation stipulated by Party B is as follows:

Account Name: the name of the account is: 1.

The name of the settlement bank is: the Bank of China, the following three types of bank names: the first, the second and the third.

Accounts of bank settlement accounts: accounts, accounts, etc.

If Party B changes the above futures settlement account, it shall make a change registration in written form in Party A, and it will become effective when confirmed by Party A.

Party B's entry and exit money for futures trading shall be handled through the form of pfer of accounts between the futures settlement account and the margin account of the party in the same futures settlement bank, and the cash shall not be paid through cash collection or internal pfer.

Twenty-second unless otherwise stipulated in this contract, Party B's next address and number shall be the only valid address and number of Party B's business dealings with Party A.

Address: the address is: 1.

Tel: TD, TD, TD, TD, fax and fax:

E-mail address: the address of the car is:

Other modes of communication include: the first, the second, the third, the second, the second, the right, the right, the wrong, the right, the wrong.

If Party A and B agree to give notice to Party B, such as notice of additional margin, forcible closing notice, daily paction settlement report, paction settlement month report, rescission of contract notice, etc., Party A's computer website shall also be Party B's valid communication address.

The website of Party A's computer web site is: website, website, website, and website:

Party A shall, within the agreed time period, receive the additional margin notice, the forced closing notice, the daily paction settlement report, the paction settlement month report, the rescission of contract notice, etc. issued by the above communication tools, all of which are deemed to have been received by Party B.

Twenty-third Party A shall check the authenticity of the relevant signatures in accordance with the standard of prudent attention adopted by the industry when examining the two signatures of nineteenth and twentieth of this section.

Twenty-fourth Party B's capital pfer instructions should be issued in writing or by fax.

The instructions for fund pfer shall be signed by the funds pfer agent authorized by Party B or Party B (Gai Zhang).

Article twenty-fifth Party A shall have the right to examine Party B's capital pfer instructions, including but not limited to the adequacy of the security deposit, whether the contents of the instructions are complete and definite, and the funds pfer instructions issued by fax can only pfer funds to Party B's accounts, whether the contents and signatures (seals) of the facsimile are clear, whether they violate relevant laws and regulations, and so on, so as to confirm the validity and ineffectiveness of the instructions.

When Party B's fax instructions are confirmed by Party A as effective instructions, Party B shall immediately deliver the original instructions to Party A's business premises.

When Party A determines that Party B's instructions are invalid instructions, Party A has the right to refuse to execute Party B's instructions.

Article twenty-sixth if Party B changes the above specified items (such as the person under the change order or the fund pfer person), the notice must be accompanied by a signed or retained person who has changed the order or the fund pfer person. The party shall notify Party A in writing and confirm the effect of Fang Sheng after Party A's confirmation.

If Party B is a legal person or any other organization, Party B's legal representative or person in charge shall sign and affix official seal to the notice of change.

Party B fails to notify Party A in writing in time, and the loss shall be borne by Party B.

Written notice of the above change shall be signed by Party B himself or signed by Party B's legal representative and affixed with official seal.

Type and release of the fifth section of trading instructions

The twenty-seventh type of paction instructions issued by Party B shall be in conformity with the relevant provisions of the futures exchanges.

The twenty-eighth Party's trading instructions can be written, telephones, electronic pactions and so on.

Party A and Party B agree to give instructions in the way of "the", "the", "the" and "the".

Note: the adoption of electronic pactions is conditional on the signing of relevant contract documents by both parties.

Article twenty-ninth where a written order is issued, Party B shall complete, accurately and clearly fill in the paction order form. It must be signed by Party B or Party B (or / or stamped). Party B or Party B's instructions to the issuer (or / or seal) shall be in conformity with the signed sample of the contract, otherwise it shall be regarded as invalid instruction.

The thirtieth electronic pactions include computer self help trading, online self help trading, voice calling, self help Commission and so on.

In the form of electronic ordering, both parties should sign "futures electronic pactions risk statement", "futures electronic trading contract" and "electronic paction initial password confirmation".

Party A provides the initial password. When Party B enters the system for the first time, it should immediately modify the initial password.

The password is an important seal for the paction status of Party B. The loss caused by password leakage and theft is borne by Party B.

Party B shall bear full responsibility for the result of any paction using the cipher.

But Party B has evidence to prove that Party A is responsible.

For some reason, Party B can not carry out electronic pactions. Party A shall provide telephone to Party B and Party B will make the order by telephone.

In the thirty-first telephone or electronic paction method, Party A has the right to synchronize the recording or retain the original paction order records in other ways.

Party B agrees that the records recorded in the business process such as telephone recording, computer recording and so on have the same legal effect as written instructions.

Regardless of the manner in which the paction instructions are issued, the accounting documents that record the contents of the paction instructions and the results of the paction are confirmed by Party B and shall be regarded as changes in the rights and interests of Party B's known and confirmed accounts.

The sixth section of paction instruction execution and error handling.

Article thirty-second Party A shall have the right to examine Party B's trading instructions, including but not limited to the adequacy of the security deposit, whether the contents of the instructions are Qi Quanhe clear, whether it violates the relevant laws and regulations and futures trading rules, so as to determine the validity of the instructions.

Party A shall execute the instructions promptly and accurately for Party B's effective instructions.

The thirty-third paction instructions issued by Party B shall include the name, variety, quantity, direction, price and opening direction of the client.

The instructions issued are not valid, but are invalid.

Party A has the right to refuse to execute Party B's invalid instructions.

If Party B's order, quantity, and direction of sale are clear and the period of validity is short, Party A will be deemed to be effective on that day. If there is a lack of paction price, Party A will be deemed to be trading at market price; if there is no open position, Party A will regard it as opening paction.

Thirty-fourth the validity period of Party B's trading instructions is limited to the date only.

After issuing the trading instructions, Party B may request or withdraw the instructions from Party A before the paction is completed or not completed.

However, if the order has been completed in whole or part of the futures exchange, Party B must bear the result of the paction.

Thirty-fifth Party A shall compensate for direct loss if Party A fails to delay execution of Party B's trading instructions to Party B.

However, Party A shall not be held responsible for all or part of the paction order due to market reasons or other reasons that Party A can not foresee, avoid or control.

Thirty-sixth Party A shall execute Party B's trading instructions wrongfully. Party B shall bear the consequences of the paction except Party B's approval.

(1) where the number of pactions is erroneous, more than the quantity of the instructions shall be borne by Party A. less than the quantity of the instructions, Party A shall make up or compensate for the direct loss.

(two) where the paction price exceeds the limit of Party B's instruction price, the loss of the paction price or the result of the paction shall be borne by Party A.

(three) if the paction code input is wrong, Party B's paction result is not in its code but it is actually traded in the stock exchange. This paction is effective and the result of the paction is borne by Party B.

The seventh section is notified and confirmed.

Article thirty-seventh Party A shall carry out daily debt free settlement for Party B's futures pactions.

As long as Party B has pactions, positions or discrepancies on that trading day, Party A shall issue to Party B a trading settlement account showing the rights and interests of its account and the result of the paction in accordance with the time and manner stipulated in the contract after closing the market on each trading day.

Party A shall provide Party B with the monthly paction settlement monthly report in accordance with the agreed time and manner of Party A and Party B.

Article thirty-eighth Party A shall, in accordance with the provisions of this contract, issue Party B and Party B's agreed ways to Party B including, but not limited to, additional margin notices, forcible closing notice and adjustment of margin notice.

Thirty-ninth Party A and Party B agree to issue to Party B in a timely manner, including, but not limited to, daily trading settlement reports, additional margin notices and forcible closing positions.

After the closing date of each trading day, Party A will provide Party B with a notice of client's self access and party a website's online bill inquiry.

Party B chooses the way to receive Party A's above notice.

As a supplement to the above, Party A will provide Party B with a notice of customer email, and both parties shall sign a confirmation letter separately.

Once the supplementary bill is sent, it is deemed that Party A has fulfilled the notification obligation to Party B.

Party B shall, at the time of the next trading day, make a daily paction settlement report or relevant notice to the premises at the time of the next trading day.

If Party B fails to receive or does not receive the paction settlement notice and related notice on the same day for any reason, it shall submit to Party A in person or telephone before the opening date of the next trading day.

Otherwise, it will be deemed to have received the paction settlement report and related notice of the day, and has already known and confirmed the items reported and related notices.

(A and B may agree to adopt the notice method under other circumstances change).

Before a trading day, Party A will provide Party B with two ways to issue monthly paction settlement reports to Party B, and Party B shall choose the way to receive monthly paction reports.

Where Party B chooses to mail, Party A shall send Party B's settlement report to Party B on the basis of the following addresses provided by Party B:

The detailed address of Party B is: the address of the Party B, the first and the second.

The postal code of Party B is: the receiver, the person who receives the contract, the first party is:

According to the above address, Party B has not received the paction settlement report of last month. Party B shall submit it before the trading date of the month, or else it will be deemed to have received the settlement report of the paction last month and has already known and confirmed the matter recorded in the report.

Party B has received the paction settlement report of last month. If there is no objection, Party B or Party B shall sign (and / or seal) the confirmation of the settlement of the paction settled by Party B or Party B, and deliver it to Party A's business premises by mail or face-to-face before the date of trading on the first day of the month.

In addition to the conditions stipulated in the fourteenth contract of this contract, generally speaking, Party A and B agree to issue a margin notice to Party B in the form of website announcement or notice of business place.

The fortieth Party A or Party B requests to change the agreed items in this section, shall notify the other party in writing in time, and shall become effective after confirmation by the other party.

Otherwise, the delay or loss caused by the notice shall be responsible for the change.

Forty-first Party B has objections to the daily paction settlement reports, paction settlement monthly reports and related notices provided by Party A, and shall submit a written objection (facsimile or face-to-face) to Party A according to the manner and time agreed by Party A and Party B. Party A shall confirm the written objection received by Party A.

The objection to the daily paction settlement report and the relevant notice shall be submitted to Party A in the minutes of the paction settlement report and the next trading day of the relevant notice, and the objection to the paction settlement month report shall be submitted to Party A before the seventh trading day of the paction date recorded in the paction settlement month report in January.

Party B fails to make written objection to Party A within the agreed time, which is regarded as Party B's confirmation of the settlement report and related notice.

Party A may refuse to accept any objection raised by Party B outside the time limit stipulated by Party A or Party B.

Forty-second Party B's confirmation of the paction settlement report on that day shall be regarded as the confirmation of all positions and paction settlement results and capital access before that date.

Forty-third Party B shall submit a written objection to Party A in accordance with the time and manner stipulated in this contract. Party A shall promptly verify the records according to the original instructions and paction records.

When objections are directly related to the result of the paction, Party A shall have the right to liquidate the position of dissenting positions or to re execute Party B's trading instructions in order to avoid possible loss or expansion.

The losses arising therefrom are borne by the fault party.

The result of the forty-fourth paction is not in line with Party B's trading instructions, or if it is forced to liquidate it, it does not meet the statutory or agreed conditions. If Party A is at fault, Party B shall re execute Party B's trading instructions before resuming the closing date of the next paction, or resume the positions forced to liquidate, or take other reasonable solutions according to the wishes of Party B and compensate for the direct losses arising therefrom.

The eighth section risk control

Forty-fifth Party B should always keep an eye on his position, margin and equity changes before or after the new trading instructions are issued.

Party B has the obligation to grasp the trading account at any time through on-site enquiry, telephone inquiries, party a website's online bill inquiries, and customer e-mail.

The loss caused by Party B's failure to fulfill the above obligations shall be borne by Party B.

Article forty-sixth unless otherwise agreed in writing, Party A calculates risks uniformly for Party B's unliquidated contracts on different futures exchanges.

The forty-seventh Party A and B agree that Party A adopts the following way to control the risks of Party B's futures trading, and Party B guarantees compliance.

Party A calculates the risks of Party B's futures pactions with available funds.

The method of calculating available funds is: available funds = client interest - margin deposit.

In the aforesaid formula of available funds, margin margin refers to the amount of margin calculated by Party B's unliquidated futures contract in accordance with the provisions of this contract, which is calculated according to the margin rate set by Party A. customer rights refer to the total amount of deposits in the margin account of Party B, including margin deposit and available funds.

"If the fund is negative, but Party B's interest is greater than the amount of the margin held by Party B in accordance with the margin stipulated in the exchange, Party A will issue an additional margin notice to Party B in accordance with the terms stipulated in this contract, and can not open a new warehouse. When Party B's" available funds "is negative, and Party B's customer interest is less than the margin margin calculated by the margin ratio of Party B's unliquidated futures contract, Party A will issue a notice of forced liquidation to Party B in accordance with the terms stipulated in this contract. Forty-eighth when Party B's" available capital "is positive, Party B can make normal pactions; when Party B is" available "

Otherwise, Party A has the right to liquidate part or all of the unliquidated obligations of Party B without notice, until the "available funds" of Party B is positive.

Party B shall bear the handling fee and the losses arising therefrom.

The forty-ninth reason is that Party A is unable to take the damage caused by the forced liquidation measures due to market reasons.

Fiftieth party a must be forced to liquidate the warehouse due to the violation of Party B's infractions or other irregularities. The losses caused by the forced liquidation shall be borne by Party B.

Party B has the obligation to cooperate with Party A, futures exchange and supervision department to do the corresponding investigation work. Party A has the right to cooperate with the futures exchange and supervision department to carry out investigation and punishment for Party B.

Article fifty-first when the futures exchange limits the warehouse, when Party B holds the number of unliquidated contracts exceeding the limit of warehousing, Party A shall have the right to liquidate the excess part of the futures exchange without the consent of Party B.

Party A shall not bear the consequences arising therefrom, Party B shall bear the consequences.

Article fifty-second in the futures exchange, in accordance with the relevant provisions requiring Party A to liquidate the unliquidated contracts held by Party B, Party A has the right to liquidate the outstanding positions without Party B's consent.

Party A shall not bear the consequences arising therefrom, Party B shall bear the consequences.

Article fifty-third when Party A is forced to liquidate in accordance with the law, in accordance with the regulations or by agreement, Party B shall bear the handling fee and the losses arising therefrom.

Fifty-fourth, as long as Party A chooses liquidated prices and open positions in a reasonable scope under prevailing market conditions, Party B shall not claim the rights and interests of Party A for the time of forced liquidation.

The term "reasonable scope" mentioned in the preceding paragraph means that, in accordance with the practice standards of the futures brokerage industry, it has implemented the forced liquidation with appropriate skills, cautious and diligent and conscientious attitude.

Article fifty-fifth if Party A forcibly liquidates the warehouse without complying with the statutory or the provisions of the exchange or the agreed terms and faults, except Party B's approval, it should restore the positions which have been forced to liquidate before closing the market on the next trading day, or take other reasonable solutions according to the wishes of Party B, and compensate the direct losses caused thereby.

Fifty-sixth losses caused by Party A's failure to take the forced liquidation measures due to market reasons shall be borne by Party B.

The ninth quarter spot month liquidated and physical delivery.

Fifty-seventh if Party B requests Party A to deliver in kind, Party A shall apply for Party B's physical delivery.

If Party A fails to fulfil its obligation to apply for delivery on behalf of Party B, Party A shall bear the liability for breach of contract; if Party B fails to do so, Party A shall be liable for compensation.

Fifty-eighth if Party B delivers physical deliveries, it shall submit a written application to Party A in the delivery period stipulated in the futures exchange, and shall be confirmed by Party A in accordance with the prescribed procedures.

Party B's application for delivery should comply with the relevant provisions of the futures exchange.

Otherwise, Party A has the right to refuse to accept Party B's physical delivery application.

Fifty-ninth Party B shall submit to party a full credentials and bills required for delivery margin, effective standard warehouse receipt, value-added tax invoices and other futures exchanges, and guarantee the legality of the source of funds and the authenticity of certificates and negotiable instruments when applying for physical delivery.

The sixtieth clause exceeds the time limit stipulated above, Party B has not issued the order for liquidated warehouse, and has not submitted sufficient deposit, certificate and bill to Party A. Party A has the right to liquidate the unliquidated contract of Party B without notice to Party B. The expenses and consequences arising therefrom shall be borne by Party B.

The handling of sixty-first delivery notifications, the delivery of delivery loans, delivery in kind and delivery default shall be carried out in accordance with the relevant futures exchange and the delivery rules of Party A.

Article sixty-second if Party B applies for hedging positions, it shall provide Party A with corresponding documents or certificates in accordance with the relevant provisions of the futures exchange, and shall be responsible for the authenticity and validity of the corresponding documents.

Party A shall assist Party B in applying for hedging position.

The tenth section is information, training and consultation.

Sixty-third Party A shall provide Party B with domestic futures market information, information and related analysis reports to Party B at the business place or website.

Any market analysis and information provided by Party A is for reference only by Party B, and does not constitute instructions, inducement or hint to Party B's instructions.

Party B shall be responsible for its trading activities, and shall not take Party A's analysis or information into the market as a reason, requiring Party A to bear liability for its trading losses.

Article sixty-fourth Party A shall provide Party B training services for futures trading knowledge and trading skills by giving lectures, issuing materials and other means, and Party B shall have the right to consult with Party A about matters relating to futures trading.

Sixty-fifth Party B should know the laws, regulations and rules of futures regulatory authorities and futures exchanges in time, and require Party A to explain the above contents.

Sixty-sixth Party B has the right to inquire about its original trading voucher and have the right to know its own account.

The sixty-seventh information about Party A futures practitioners can be queried through the "futures practitioners' qualification database" on the website of China Futures Association.

Party A shall provide the necessary equipment at its place of business, so that Party B can register with the China Futures Association website for information about the qualification of futures practitioners.

Eleventh section cost

Sixty-eighth Party B shall pay to Party A the commission fee for agent futures trading and physical delivery in accordance with the "fee collection standard" stipulated by the two parties (Appendix 1 to the contract).

Sixty-ninth the expenses and taxes paid by Party A on behalf of the futures exchange shall be borne by Party B. the preceding costs shall not be borne by Party B's payment to Party A.

Twelfth section contract entry into force and change

The seventieth contract shall be signed by both parties or their authorized agents (Party B is a legal person or other organization, and must be affixed with official seal).

Article seventy-first during the performance of this contract, Party A has the right to directly alter or terminate part or all the terms of the contract in accordance with the above changes if the relevant laws, regulations, policies and rules of futures exchange have changed.

In accordance with the above changes, Party A shall make changes, amendments or supplements to the terms and conditions of this contract, and send it to Party B by letter, e-mail, Party A's business premises or website announcement. Once issued, Party A shall have the same effect as this contract.

Seventy-second in addition to the situation mentioned in the seventy-first clause of this contract, if it is necessary to alter or supplement this contract, it is necessary for both parties to reach a consensus and sign a written change or supplementary agreement.

A change or supplementary agreement shall become effective after the signature or seal of the parties or their authorized agent (Party B is a legal person or other organization, must be stamped with official seal).

The change or supplementary agreement has the same effect as this contract.

The seventy-third item that is not specified in the performance of this contract shall be handled according to the relevant laws, regulations, policies and rules of the futures exchange, the relevant business rules and futures trading practices of Party A.

Thirteenth contract termination and account settlement

Seventy-fourth in case of any of the following circumstances, Party A shall have the right to terminate this contract and liquidate the account of Party B by liquidating or carrying out the pledge, and terminate the agency relationship with Party B.

(1) Party B has one of the following circumstances

1. natural persons without civil capacity or limited capacity for civil conduct;

2. practitioners and spouses of China Futures Association, futures exchange and Futures Company;

3. staff of the China Securities Regulatory Commission

4. futures market prohibition of entry;

5. financial institutions, public institutions and state organs;

6. enterprises that fail to provide approval documents signed by the legal representative or state owned enterprises or state-owned assets occupy the controlling position or dominant position;

7. the unit commissioned to open an account failed to provide the authorization documents.

8. Party B provides false account documents, incomplete offer documents or illegal sources of funds.

9. other circumstances stipulated by the CSRC.

(two) the death or civil capacity of Party B is lost or terminated.

(three) Party B is declared bankrupt by the people's court.

(four) Party B has been brought up for preservation or deduction in the account of Party A.

(five) Party B has other statutory or contractual conditions to terminate the contract.

Party B shall bear full responsibility for Party A's account clearing expenses and debts after liquidation.

Seventy-fifth Party A should not take up any futures business for any reason, and should take necessary measures to properly handle Party B's position and margin.

Party A agrees that Party A shall pfer the client's position and deposit to other Futures Company, and the reasonable expenses incurred therefrom shall be borne by Party A.

If Party A has a margin payment crisis, by Party B's consent, Party A will pfer the client's position to other Futures Company according to the rules of the futures exchange.

If Party A fails to refund the deposit of Party B, Party A will bear the liability in accordance with legal procedures.

The reasonable expenses arising therefrom shall be borne by Party A.

The seventy-sixth Party A and B have the right to request the rescission of this contract.

Party A shall have the right to terminate the agency relationship with Party B, but shall notify Party B in writing seven days in advance.

Party B can terminate the agency relationship with Party A by canceling the account.

However, under the following circumstances, Party B shall not cancel the account:

(1) there is no open contract in the account of Party B or the problem of delivery remains unresolved.

(two) Party B and Party A have unliquidated claims and debts.

(three) the dispute between Party B and Party A has not yet been settled.

Seventy-seventh Party A and Party B terminate the entrustment relationship. Party B shall sign the written confirmation procedures and sign the confirmation of the sales confirmation.

Fourteenth section exemption clause

The Seventy-eighth party is not responsible for any interruption or delay in pactions caused by force majeure, such as earthquake, fire, war, etc., but all necessary remedial measures should be taken within the conditions permitted to reduce losses caused by force majeure.

Article seventy-ninth Party A is not responsible for the risks incurred by Party B due to changes in the relevant laws, regulations, regulations, policies or rules of futures exchanges and the introduction of emergency measures.

Eightieth due to interruption of communication facilities, computer program failure, power interruption and other reasons leading to the instruction pmission and execution delay, Party A has no fault, Party A is not liable.

The eighty-first way to use electronic pactions is that Party B should follow the special exemption clause in the futures electronic paction contract.

The fifteenth quarter dispute resolution

Eighty-second disputes between Party A and Party B or disputes arising from this contract can be settled through negotiation or mediation with the China Futures Association. If negotiation or mediation fails, it can be submitted for arbitration or litigation, or can be submitted directly to arbitration or litigation.

Party A and Party B agree to solve the following problems:

(1) the Shanghai Arbitration Commission shall be invited to arbitrate.

(two) bring a suit to the people's court where the party's registration is located;

The sixteenth quarter is the rest.

Eighty-third futures contracts and related annexes signed by Party A and B are only related to Party A and B.

Party B shall not act in the capacity of Party A's employees, and shall not make use of the futures agency relationship formed with Party A, and carry out futures agency business or other activities through online pactions or other forms.

If Party B suffers economic losses or damages Party A's reputation due to Party B's fault, Party B shall bear the corresponding liability for compensation.

The eighty-third part of this contract is "futures trading risk statement", "customer instructions", "customer statement", "open account application form", "fee collection standard" and other supplementary agreements signed by Party B or both parties. This contract is an integral part of the contract and has the same legal effect as this contract.

Eighty-fourth matters not covered by this contract shall be agreed separately by both parties.

The eighty-fifth contract is in two copies. Each party holds one copy.

Both parties have carefully read all the terms and conditions of the contract and are fully aware of the meaning and the corresponding legal consequences of the foregoing articles, and have noted the restriction on the rights of any party.