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All members,

COREX electronic trading system will set out to upgrade on December 25, 2023 (Monday), with main details as below:

1. Price terms: FOB was added in Delivering A Board and Bonded Zone B Board, and Feeder Vessel was added in On-port Cargo D Board.

2. Pin to the top: Among the offers in Delivering A Board, members are allowed to select their brand of interest and pin it to the top of the offer list.

3. Price Reminder: Among the offers in Delivering A Board, members are allowed to select their brand of interest and set a text message price reminder.

Regulations on Iron Ore Spot Trading of Beijing Iron Ore Trading Center, Administrative Measures for E-tender of Spot Iron Ore in Beijing Iron Ore Trading Center (Trial) and Specifications of Trading Brands for Iron Ore Spot Trading of Beijing Iron Ore Trading Center will be revised and effective simultaneously.

Hereby informed.

Beijing Iron Ore Trading Center Corporation

December 22, 2023