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Dear members,

COREX electronic trading system will be upgraded on July 16th, 2018 (Monday).

1. Other Terms will be revised as Other Binding Terms in DeliveringA.

2. Other Binding Terms will be addedinthe Offer pagein Bonded Zone B and On-port D.

3. Other Binding Terms will be added in following items in following Boards: DeliveryPeriodin DeliveringA, Quotation Period in Delivering A and Bonded Zone B, Calculation Formula in Delivering A and Bonded Zone B. Members should fill relevant contentsthrough Other Binding Terms in the Offer page.

4.The decimal places of Fixed Lump Premium will be adjusted from 2 to 4 in Calculation Formulain DeliveringAand Bonded Zone B.

The following Regulations and Measures will be revised and effectivesimultaneously.

Regulations on Iron Ore Spot Trading of Beijing Iron Ore Trading Center;

Specifications of Trading Brands for Iron Ore Spot Trading of Beijing Iron Ore Trading Center;

Measures for the Implementation of Iron Ore Floating-Priced Trading in Beijing Iron Ore Trading Center.

Hereby be informed.

Beijing Iron Ore Trading Center Corporation

July 9th, 2018