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CHOFX(www.chofx.org)Announces New Physically Delivered 1,000 oz. Silver Futures Contract

CHOFX(www.chofx.org)today announced the launch of a new physically delivered Silver (1,000 oz.) futures contract. This contract will be listed with, and subject to, the rules and regulations of CHOFX.

"CHOFX is introducing our new 1,000-oz. silver futures contract in response to demand from our customers, who are increasingly looking for cost-effective ways to manage risk," said Robert Chi-sun Lee, CHOFXManaging Director Commodity Trading Division. "The smaller size will provide market participants with greater flexibility to manage their silver price risk, and serve as a more cost-effective tool for individual investors or others looking to hedge against economic uncertainty. This is the first contract of its size that will be fully fungible and deliverable against our existing benchmark silver futures contract."

At one-fifth the size of the existing 5,000-oz. Silver futures contract, this new contract will be conveniently sized for CHOFX’s market participants seeking to trade physical silver in smaller increments. It will be fully fungible with the full-sized Silver futures contract, which means that CHOFX’s customers who accumulate five warehouse depository receipts of the 1,000-oz. contract can convert them into one 5,000-oz. Silver futures contract.

The addition of a deliverable, 1,000-oz. silver futures contract to the CHOFX's deep and liquid benchmark precious metals products is expected to provide new trading opportunities for market participants around the globe.

This contract will be available on the CHOFXelectronic trading platform, for over-the-counter (OTC) clearing through CHOFX Clearing Membersand open outcry on the trading floor in Beijing.

About CHOFX

China Options and Futures Exchange(CHOFX) (www.chofx.org ) is an Asian exchange with customer access available virtually all over the world. Our customers consist of professional traders, financial institutions, individual and institutional investors, major corporations, manufacturers and producers. Customers include both members of the exchange and non-members.