Shangqi Energy has implemented position opening restrictions on certain clients.

In its previous energy announcement, on March 11, 2026, two sets of accounts with actual control relationships exceeded the intraday opening-trade volume limit on the relevant contracts to the processing standards of the Shanghai International Energy Exchange. The above customers’ trading conduct violated Article 16 of the 《Shanghai International Energy Exchange Detailed Rules for the Management of Abnormal Trading Conduct》. Pursuant to this, Upper Period Energy decided to take regulatory measures restricting the opening of positions for the relevant customers on the corresponding contracts.

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