HKMEx Boosts Presence in China with New Appointment

Li Wen Long Joins as Executive Director, Business Development, China

HONG KONG, 17 November, 2011– The Hong Kong Mercantile Exchange (“HKMEx”), China’s international commodities marketplace, today announces the appointment of Mr Li Wen Long as Executive Director, Business Development – China.

In his new role, Mr Li will be responsible for the planning, development and execution of marketing strategy in China with special focus on cooperation with the various entities of ICBC, a shareholder and member of HKMEx. He will report to Jimmy Ho, the Exchange’s Chief Operating Officer, Markets.

Mr Li joins from ICBC on secondment where he served as the head of research and development division of the bank’s precious metals department. He has 15 years of experience in accounting, settlement and investment management.

“We are very pleased to have the strong support of ICBC as a shareholder and as an active market participant, both of which are critical to HKMEx’s goal of becoming the premier destination for global commodities trading into and out of China,” said Barry Cheung, HKMEx Chairman. “The addition of Wen Long will help strengthen our presence in China.”

Mr Li holds a master’s degree in economics and finance from Renmin University and is a State certified gold investment analyst (CGIA).

HKMEx trades a 32 troy ounces gold futures and a 1,000 troy ounces silver futures contract. Both are in US dollars with the option of physical delivery. Besides ICBC, HKMEx is backed by other well-established regional and international shareholders including China’s COSCO Group and Russia’s EN+.