The Shanghai Gold Exchange (the “SGE”) signed a Memorandum of Understanding (MOU) with the Chicago Mercantile Exchange Group (the “CME Group”) in Shanghai on Nov. 10th, 2014. Mr. Xu Luode, Chairman of the SGE，and Mr. Leo Melamed, Chairman Emeritus of the CME Group attended the signing ceremony and signed the MOU on behalf of each party.

Establishing the partnership with the CME Group is one of the most important approaches for the SGE to implement its opening-up policy and internationalization strategy. In the coming future, under the framework of the MOU, both parties will positively explore possibilities of cooperation between the domestic and international markets, vigorously expand the ways to serve the investors from home and abroad, and mutually promote the sound, healthy and orderly development of the global gold market in line with the principle of reciprocal benefit, mutual cooperation and common prosperity.

Ms. Shen Gang, Vice President of the SGE, and Eugene Cheung , Executive Director, Head of China Business Development, CME Group also participated in the signing ceremony.