Adjustment of margin ratio, price limits, and trading limits for tin futures trading on the Shanghai Futures Exchange for the previous period.

According to the announcement of the previous period, starting from the settlement of the closing on January 15, 2026, the adjustments of the trading margin ratio and the limit up and down thresholds are as follows: The limit up and down thresholds of tin futures contracts are adjusted to 11%, the margin ratio for hedging positions is adjusted to 12%, and the margin ratio for general positions is adjusted to 13%. Starting from January 16, 2026, the maximum number of intraday opening trades for non-futures company members, overseas special non-brokerage participants, and clients in various tin futures contracts is 800 contracts.