I. Precious Metal Leasing

Precious Metal Leasing refers to the business in which the qualified corporate clients rent precious metals (including gold , silver and platinum) from Bank of Communications through the Shanghai Gold Exchange platform, return upon expiration and pay the leasing fees as scheduled. Bank of Communications also provides clients with forward trading services to help hedge against market risks.

II. Precious Metal and Commodity Trading

1. Brokerage of SGE Precious Metals

The Brokerage of SGE Precious Metals is that Bank of Communications, a financial member of Shanghai Gold Exchange （SGE）acts as a broker, makes quotes, settles the transactions and delivers physical precious metals according to clients’ instructions.

2. Precious Metal and Commodity Forward Trading

To hedge against risks of fluctuations in precious metals and commodities prices, the client may apply to Bank of Communications for Precious Metal and Commodity Forward Trading in RMB or USD.

III. Structured Deposits and Wealth Management Products

The Structured Deposits and Wealth Management Products refer to the structured financial products with returns link to precious metal and commodity prices. The products have different options of terms and structures, the return varies with the market conditions.