Industrial and Commercial Bank: Announcement on the Revision of the Agency Agreement for Individual Clients Trading Precious Metals through Bidding and Clarifying the Forced Liquidation Margin Ratio

Industrial and Commercial Bank of China released a public announcement regarding the revision of the agreement for agent individual clients' precious metal competitive bidding trading business, and explicitly stated the ratio of margin for forced liquidation, which will temporarily be implemented in accordance with the minimum trading margin ratio specified by the Shanghai Gold Exchange.