IntlCOM Trading Rules（Trial）

CHAPTER 1 General Provisions

1. These Trading Rules are formulated in accordance with British law and international treaties in order to regulate commodity trading and service activities on the IntlCOM Commodity Trading Platform (hereinafter referred to as the "Trading Platform"), protect the legitimate rights and interests of transaction participants, and maintain the trading order of the Trading Platform. 
2. The trading platform referred to in these trading rules refers to an online and offline service platform organically composed of the trading platform portal, trading system, warehouse network management system, trading platform supply chain operator (hereinafter referred to as "supply chain operator"), sector operator, trading user service provider, core supplier, cooperative warehouse, logistics organization, testing organization and other authorized operating organizations.

The trading platform portal refers to the information disclosure website of the trading platform, which discloses industry information, product parameters, trading conditions, trading rules, risk warnings and other information to authorized operating institutions and trading users; and provides online account opening, business consulting, financing and goods lending, complaint reporting and other services to trading users.

The trading system refers to the application system and client that traders use to conduct product transactions. It has functions such as browsing trading information, analyzing market trends, buying and selling, spot financing, and querying products, funds, and transaction records.

The warehouse management system refers to an application system that manages the warehouse system and in-stock products of the trading platform, realizes online management of personnel management, product entry and exit, etc., and realizes standardized and precise management of warehouse goods through the Internet and other technologies, ensuring that the quantity and quality of in-stock products correspond to those of the trading system's trading products.

3.  IntlCOM is the owner, operator and regulator of the trading platform. It is mainly responsible for the operation and supervision of the trading platform. It does not participate in the market-oriented operation of the trading platform supply chain system and does not bear any risks of the market-oriented operation of the trading platform supply chain. IntlCOM authorizes supply chain operators to be responsible for the construction, operation and management of the trading platform supply chain system.
4. The supply chain operator referred to in these trading rules refers to a corporate entity authorized by IntlCOM to be responsible for the overall construction, operation, management and maintenance of the trading platform supply chain system, responsible for the development, management and supervision of trading users and other authorized operating institutions, and bears the overall risks of the trading platform supply chain.

The trading users referred to in these trading rules are corporate entities or natural persons aged between 18 and 60 with full civil liability who engage in product trading on the trading platform.

Other authorized operating organizations referred to in these trading rules refer to legal persons or other organizations with full civil capacity that carry out promotion, product supply, quality inspection, warehousing, logistics and transportation services on the trading platform, including sector operators, trading user service providers, core suppliers, cooperative warehouses, logistics organizations, testing organizations, etc.

Sector operators refer to corporate legal persons who are responsible for the inspection, assessment, confirmation, introduction, management and supervision of product listing and supply, warehousing, logistics and testing organizations of the product sector of the trading platform, and bear the overall risks of product supply, warehousing, logistics and testing of the product sector. Supply chain operators can develop sector operators according to the specific product categories of the sector.

A trading user service provider is a corporate entity that is responsible for the introduction, development, education, management and supervision of trading users on the trading platform and bears the overall risks of the introduction, development, education and management of trading users. The trading user service provider is responsible to the supply chain operator and is subject to the management and supervision of the supply chain operator.

A core supplier is a corporate entity that is responsible for the supply of specific products on the trading platform. A core supplier can buy and sell products on the trading platform as a trading user.

A cooperative warehouse refers to a corporate legal person responsible for the storage and custody of products on the trading platform. Cooperative warehouses include warehouses built by supply chain operators, warehouses for suppliers' own use, and warehouses of third-party warehousing companies, but all must meet the product storage and custody conditions and be included in the warehouse management system of the trading platform.

A logistics organization refers to a logistics corporate legal person responsible for transporting products from cooperative warehouses to the pickup location after core supplier products arrive at cooperative warehouses and trading platform products are picked up.

A quality inspection organization refers to an organization with inspection qualifications that is responsible for product inspection, warehousing inspection, and daily sampling inspection of core suppliers of the trading platform.

A cooperative service organization refers to a corporate legal person with full civil capacity that provides financial support, fund custody, settlement and transfer services on the trading platform.

5. All transaction participants shall abide by the principles of openness, fairness, justice, integrity and rationality, conduct transactions or services in an orderly manner, and shall not infringe upon the legitimate rights and interests of others or damage the public interest.

CHAPTER 2 Trading Participants

6. A corporate legal person or a natural person aged 18-60 with full civil liability who becomes a trading user shall apply to the trading platform for market entry, complete registration and open a trading account on the trading platform.

Trading user data shall be stored in the trading platform data center.

Corporate legal persons shall be established and validly exist in accordance with the law.

The trading platform has the right to set specific conditions for trading users to participate in transactions based on the characteristics of the trading products.

7. To apply to become an authorized operator, one must comply with international laws and practices, have good credit, submit an application to the trading platform, and be granted the qualification after review by the supply chain operator and approval by IntlCOM. The authorized operator is responsible to the supply chain operator and IntlCOM and accepts the management and supervision of the supply chain operator and IntlCOM. Qualified corporate legal persons can apply for multiple types of authorized operators.

The data of authorized operators shall be stored in the trading platform data center.

8. Supply chain operators should select and employ internationally renowned product industry experts to form a product expert review committee, which will be responsible for formulating product variety planning and quality standards such as product specifications, performance, and ingredients for listing; responsible for reviewing specific core suppliers and products to be listed; responsible for formulating storage standards for specific products and reviewing cooperative warehouses to be included in the warehousing management system.

CHAPTER 3 Listed Product Verities

9. The products listed in the trading platform are agricultural and forestry commodities with a certain scale of social consumption demand.
10. Listed products must be green, environmentally friendly, and ecological products with excellent quality, standard specifications, detectability, traceability, storability, and a certain trading scale. Products that have obtained geographical indications will be given priority.
11. Core suppliers must be international leaders, corporate entities that have passed quality certification, have good credit, stable operations, and have certain financial strength.
12. All products must undergo product quality testing before declaration and storage. A quality inspection report must be issued by an international recognized third-party based on product quality standards.

Product quality standards refer to relevant industry standards or are formulated by a product expert review committee, including specifications such as size, volume, weight, color, characteristics such as ingredients, content, residue, grade, and product storage conditions.

13. All products must be selected to cooperate with warehouses that meet storage conditions before they are put on the market. Product storage conditions are formulated by the product expert review committee based on product characteristics, including storage space size, temperature, humidity, time, dust prevention, fire prevention, explosion prevention and other storage indicators.
14. Product variety information mainly includes variety name, product code, transaction unit, price, transaction method, price increase (deduction) range, supplier, quality standard, cooperative warehouse, transaction time, pick-up time, pick-up location, etc.

CHAPTER 4 Launching Products

15. The approval system for implementation of products listing. 

The product launching workflow includes core supplier listing application, sector operator acceptance, sector operator due diligence,s product expert committee review, supply chain operator review, quality inspection, warehousing, listing and other processes.

16. Listing application. Suppliers who apply for listing should submit the following materials with the official seal:

1. 《Trading platform listing application》； 
2. 《Feasibility study report of listed products》； 
3. 《Market research report of listed products》； 
4. Test report issued by international recognized agency； 
5. Other materials required by the trading platform 

17. 《Feasibility study report of listed products》and《Market research report of listed products》should include but not limited to the transaction legality, market size, market trends, investment value research of the listed products, etc. It should conduct a comprehensive analysis of the factors affecting the investment value of the listed products, and use industry-recognized valuation methods to estimate the reasonable investment value of the listed products. 
18. 《Feasibility study report of listed products》and《Market research report of listed products》content should comply with the following principles： 

1. Independent, prudent and objective;
2. The cited materials must be true, accurate, complete and the source must be indicated;
3. There must be no false records, misleading statements or major omissions. 

19. 《Feasibility study report of listed products》and《Market research report of listed products》It is for reference only and does not constitute a commitment or recognition by the trading platform on the market prospects of the listed product. Trading users shall bear their own risks in conducting transactions based on this information. 
20. Application acceptance. The plate operator shall complete the material acceptance work within 5 working days after receiving the listing application, check whether the materials are complete, whether they are consistent with the originals, and whether the content of the materials complies with the regulations. If the materials are complete, consistent and compliant, the application will be accepted; if additional materials are required, the applicant will be notified to supplement the relevant materials in a timely manner; if the application is not accepted, the applicant will be informed of the reason in a timely manner.
21. Due diligence. Within 10 working days after acceptance, the operator shall conduct an investigation on suppliers, product conditions, and cooperative warehouses, and, if necessary, shall randomly select a certain number of samples from the warehouse for inspection.

The focus of the investigation is on the production, process, quality control, capital, credit, honor, etc. of core suppliers; the soil, climate, air, fertilization, cultivation, quality control, honor, etc. of the raw material base; product specifications such as size, volume, weight, color, ingredients, content, residue and other characteristics; product trademarks, brands, honors, etc.; and whether the storage space size, temperature, humidity, dust prevention, fire prevention, theft prevention, explosion prevention and other indicators of the cooperative warehouse meet the product storage requirements.

22. 《Due Diligence Report of Listed Products》.The investigation team of the plate operator should write the 《Due Diligence Report of Listed Products》in a realistic, objective and fair manner.To put forward fair investigation conclusions, the investigation team members and plate operators should sign and seal the investigation report and be responsible for the relevant materials and conclusions of the investigation report.
23. Product review. Supply chain operators should organize relevant product experts to form an expert review committee within 20 working days after the investigation report is issued, and send the investigation report to the experts for review in advance. The expert review committee should conduct a professional review based on the reports and relevant materials provided by suppliers and plate operators, and form a recommended review opinion. After the review is completed, the supply chain operator should inform the applicant of the review results within 3 working days.
24. Review. Supply chain operators should review application materials within 3 working days after receiving the review opinion on the recommendation for listing, check whether the materials are complete and whether the content complies with regulations, and verify whether the investigation report of the plate operator and the review opinion of the expert committee are reasonable and fair. If the materials are complete, compliant, reasonable and fair, they should be reviewed and approved and prepared for approval; if additional materials are required, the applicant should be notified to supplement the relevant materials in a timely manner; if the review fails, the applicant should be informed of the reason in a timely manner.
25. Approval. Within 2 working days after the review, the supply chain operator shall send the application materials to IntlCOM, and IntlCOM shall review it within 5 working days. If it is a new listed variety, IntlCOM shall review and approve it within 5 working days.
26. Listing announcement. After IntlCOM agrees to the listing, the supply chain operator shall promptly notify the plate operator, supplier and cooperative warehouse to prepare the product for warehousing, and notify the supplier to pay the listing fee and quality risk reserve; the supply chain operator shall assist IntlCOM in disclosing the listing announcement on the trading platform portal website and trading system, respectively, announcing the product name, time, quantity, price, transaction method, minimum transaction unit, cooperative warehouse, transaction time, pick-up time, pick-up location and supplier name, market research report, test report and other information.
27. Information disclosure. During the product launch period, core suppliers should disclose information on their shareholder structure, production and operation, production technology, product quality, raw material sources, litigation disputes, etc., as well as the production and operation of cooperative warehouses, storage conditions, emergencies, litigation disputes, etc., and report relevant information to the sector operator in a timely manner. The sector operator will verify and report to the supply chain operator. The supply chain operator should disclose the information to trading users in a timely manner on the trading platform website and the product information column of the trading system. 

CHAPTER 5 Product Storage

28. When products are put into storage, the plate operator, testing agency and core supplier staff should go to the cooperative warehouse to complete the storage procedures and bring the following documents.

a. Copies of the identity certificates of the plate operator, supplier, and testing agency;

b. Letters of authorization and original identity certificates of the plate operator, supplier, and testing agency staff;

c. Original warehousing notice of the supply chain operator.

29. The core supplier shall transport the specified number of listed products to the cooperative warehouse in a timely manner according to the notification of the block operator. The block operator shall count the products entering the warehouse, and the testing agency shall conduct random inspections on the products to be entered in batches. If the inventory is correct and the random inspection is qualified, the block operator shall issue a notice of consent for entry into the warehouse. If the random inspection results are unqualified, the block operator shall not agree to its entry into the warehouse, and the core supplier shall transport the products away on its own. If the inventory is correct but the test results cannot be issued on the spot, the block operator shall issue a notice of temporary entry into the warehouse. If the subsequent test results are qualified, the block operator shall supplement the notice of consent for entry into the warehouse. If the subsequent test results are unqualified, the block operator shall notify the core supplier to ship the products out of the warehouse, and at the same time notify the supply chain operator to suspend the listing of the product. If the inventory is incorrect, the core supplier shall replenish the product quantity in a timely manner.

The sampling and product logistics costs are borne by the core suppliers.

30. According to the consent notice, the cooperative warehouse shall assign professional personnel to do the inventory and warehousing of the products to be stored, and use the Internet of Things technology to achieve accurate, positioning, and quality management of the products in the warehouse, to ensure that the storage environment of the products in the warehouse meets the requirements and the product quality is safe and stable; the cooperative warehouse shall simultaneously input the data of the products in the warehouse into the warehouse network management system, and realize the interconnection and seamless connection between the data of the products in the warehouse and the transaction system. After completing the warehousing procedures, the cooperative warehouse shall issue a《Warehouse Confirmation》.
31. Insurance. The cooperative warehouse signs an insurance contract with the insurance company based on the number of listed products, industry standard characteristics and other specific circumstances, and reports the insurance policy and policy number to the trading platform.
32. Claims. Claims are settled in accordance with the relevant terms of the insurance contract signed with the insurance company.

If the products in the warehouse are damaged due to force majeure and the insurance company refuses to compensate, the trading platform or warehouse will not bear any liability for compensation, and the trading users will bear the corresponding losses themselves.

33. The core supplier shall pay the listing service fee and quality risk reserve. The core supplier shall transfer the listing service fee and quality risk reserve to the supply chain operator account and the risk reserve account designated by IntlCOM within the specified date of the warehousing notice. If the transfer is not made in time within the specified time, the supply chain operator shall charge a late payment fee of 0.1% of the listing service fee per day for each day of delay.
34. After the products are stored, the supply chain operator shall transfer the corresponding products into the core supplier's position. If the core supplier fails to transfer the listing service fee and quality risk reserve within the specified time, the position will be in a non-tradable state; if the core supplier transfers the listing service fee and quality risk reserve, the position will be in a tradable state. 

CHAPTER 6 Trading User Entering Market

35. Account opening application. Trading users can open an account online directly on the trading platform website, or they can open an account online on-site at the trading user service provider.
36. Signing a contract. After the transaction user service provider has reviewed and approved the account opening application, it should guide the transaction user to sign an electronic or paper contract for account opening.
37. Trading users open and keep crypto currency accounts on their own.
38. Open a trading account. The trading user service provider shall send the trading user application materials to the supply chain operator for review and report to IntlCOM for approval. After approval, the trading account will be opened and equipped with an initial password. The trading user service provider will bind the trading account to the trading user's crypto currency account.

  The trading user applies to open a trading account through the internet, and after approval, opens the trading account and initial password.

  After logging into the trading account for the first time, the trading user shall immediately change the initial password of the trading account and keep the trading account number and trading password properly. The losses caused by the wrong custody shall be borne by the trading user.

CHAPTER 7 Product Trading

Section 1 Trading Time and Method

39. The trading hours of the platform are: Monday to Sunday, London time 01:30--13:00. The trading platform can adjust the trading hours according to the actual trading needs. If there are any changes, the trading platform will announce them on the official website (trading platform website: http://www.IntlCOMEx.com/). If the market is closed for any reason during the trading period, it will not be postponed. 

If otherwise specified in the relevant announcement, the trading time shall be subject to the relevant announcement.

40. The transaction methods include direct supply and trading transaction.

Direct supply transactions refer to core suppliers selling products in bulk to distributors through trading platforms in full payment transactions, and selling products that are not sold in bulk to other trading users; during the transaction period, distributors and trading users can re-transfer or deliver the goods they hold.

Trading transactions refer to transactions in which users conduct buy or sell orders for products that have been put into storage or scheduled to be put into storage within a certain period of time through the trading platform in the form of deposit transactions. Other trading users choose the corresponding orders to remove the orders based on their wishes such as the direction, quantity, price, etc. of the transaction, and an digital transaction contract is automatically generated after the transaction is completed. During the transaction period, trading users can change, transfer or deliver goods in the electronic transaction contract.

Section 2 Trading Product

41. During trading hours, the trading system receives trading applications and publishes them in the form of pending orders on the buy and sell pending order list of the trading product. Trading applications are valid on the same day. 
42. The transaction application shall be regarded as a transaction entrustment submitted by the trading user to the trading platform, which can be either a sell order or a buy order. Before the transaction is completed, it will be displayed in the buy and sell order list of the trading product and will be displayed in order of price. Before the transaction is completed, the applicant can withdraw all or part of the application.
43. The transaction application should include the product variety code, name, buying or selling, quantity, price, transaction method and other content required by the trading platform. 
44. Sell application. When a trading user submits a sell application, he/she should ensure that his/her trading account holds a sufficient amount of the trading product or guarantee deposit. The trading system will freeze the corresponding amount of the trading product or guarantee deposit during the pending order period.
45. Buy Application. When a trading user submits a buy application, he/she should ensure that there is sufficient funds in the trading account. The trading system will freeze the corresponding amount during the pending order period.
46. When a trading user needs to buy a pending order product or sell a product to the order maker, he can click on the relevant price in the listing list to sell or buy an order. He can choose any trading method order posted by any trading user and trade according to the trading method of the pending order.
47. Cancel order. For purchase and sales transactions and direct supply transaction pending orders, all pending orders can be canceled when there are no bid orders. When there are partially executed bid orders, the remaining number of pending orders can be canceled. At the end of the day's trading, all types of pending orders that have not been executed will be automatically canceled by the trading system.

Section 3 Digital Contract

48. The transaction contract appears in the form of digital contract, and the main terms include: contract number, names of the two parties to the transaction, product name, product code, transaction price, transaction quantity, unit of measurement, transaction time, etc. 
49. Digital contracts are denominated in the crypto currency UCOM. 
50. When placing an order, a digital contract will generated automatically. When other trading users respond to or quote a price, they should confirm that they agree to the terms of the digital contract for the order.
51. After the system matches the transaction, whether it is partial or full transaction, it means that both parties signed and generated a digital contract. 
52. The minimum trading units are “cubic”, “square”, “block”, “kilogram”, “ton”, “pot”, “tree”, “piece”, “batch”, “strip”, “string”, “gram” and “grain”. The specific units are based on the units of measurement in the listing announcement of the listed products. The minimum cumulative trading unit is the same as the minimum trading unit. 
53. The trading platform shall not be held responsible for transactions that cause serious consequences due to force majeure, accidents, illegal intrusion into the network system, etc., and may take appropriate measures or declare them invalid. For trading users who violate the relevant provisions of these regulations and seriously disrupt the normal operation of the trading platform, the trading platform has the right to cancel the transaction, and the losses caused by the illegal trading users shall be borne by them.

Section 4 Mortgage Loans

54. Trading users can apply for pledge loans using the products they hold on the trading platform.
55. Loan application. The trading user clicks the pledge loan button in the trading account, fills in the pledge product and quantity, and the system automatically calculates the loan amount. After the trading user reads and checks the loan agreement, clicks Confirm to submit the application to the trading platform.
56. Pledge registration. The trading system automatically locks the products and quantities pledged by the trading user's trading account, and instructs the warehouse network management system to register and lock the products and quantities pledged by the trading user, and notifies the cooperative warehouse at the same time.
57. Loan issuance. Financial institutions immediately issue pledged loans to trading users' trading accounts.
58. Repayment. The trading user clicks the repayment button of the trading account, fills in the specific pledge loan type and repayment amount, and clicks confirm to repay.
59. Release the pledge. Based on the repayment operation of the trading user, the trading platform releases the pledge of the relevant products and quantities in the trading system and warehouse network management system, and simultaneously notifies the cooperative warehouse.
60. Forced liquidation. When the total market value of the product that has been pledged for a loan approaches the liquidation line due to price fluctuations, the trading platform should send an early warning to the trading user, requiring the trading user to take measures such as replenishing funds as soon as possible; when it is below the liquidation line, the trading platform has the right to directly take forced liquidation measures without notifying the trading user, and use the liquidation funds to repay the loan.

Section 5 Delivery

61. After the first transaction of a new product, the trading user can submit a delivery application through the trading platform, or choose not to deliver the product during the trading period, but must deliver the product during the delivery period. The specific deliver period and location shall be subject to the listing announcement.
62. If the trading user needs to pick up the goods, he should click the "Pick up" button (or other button with the pick-up function) in the trading account of the trading platform, fill in the product name, number, quantity, pick-up method, delivery location, etc., and submit the pick-up application after confirmation.
63. After a trading user submits an application for delivery, the products of the deliver quantity in the account will be locked for "pending for deliver" and no further transactions will be allowed. After confirmation by the cooperative warehouse, the deliver application can not be revoked.
64. After receiving the pick-up instruction from the trading user, the cooperative warehouse shall immediately notify the logistics agency to transport the product to the designated location as agreed in the application.
65. After a product is withdrawn, if the trading period has expired, it cannot be traded on the trading platform UCOMin. If the trading period has not expired, if it is necessary to re-enter the trading platform for trading, it must re-apply for listing, but enter the market under the original product name and number.

Section 6 Warehousing Storage

66. After the core supplier's products are approved by the plate operator for storage, they will be kept by the cooperative warehouse. The cooperative warehouse should strictly follow the storage and storage requirements of the product to set up the corresponding storage environment to ensure the safety and stability of the product quality.
67. The cooperative warehouse should use or connect to the trading platform's warehouse network management system to realize online management of products in stock and achieve seamless connection with the trading system.
68. Delivery. When receiving a delivery application, the cooperative warehouse shall make timely preparations for delivery and notify the logistics agency to transport the products to the designated location for product delivery according to the application agreement.

After the product is picked up, the trading platform portal and trading system shall reduce the total listing volume of the product and reduce the positions held in the trading accounts of trading users.

69. Pledge lock-up. After the trading user's product is registered for pledge, the product is in a locked position and cannot be traded or picked up.
70. Release of pledge. After the trading user's products have been registered for release of pledge, their trading account products will return to normal status.
71. Warehouse costs. During the period of existence of the listed product, the warehouse costs shall be borne by the listed company of the product. The specific standards shall be subject to the listing announcement of the product. 
72. Detention. If the transaction user fails to pick up the goods after the delivery period, the product is in the detention period. The transaction user service provider shall notify the transaction user to deliver the goods as soon as possible, and the trading platform shall charge a detention fee on top of the warehouse fee. The detention period and detention fee standards shall be subject to the listing announcement of the product.
73. If the detention period is exceeded, the costs will first be borne by the core supplier of the listed product, and the core supplier has the right to file a lawsuit in court for compensation.

Section 7 Service Fee

74. The service fees mainly include trading platform listing service fees, transaction service fees, authorization service fees, warehouse fees, financial service fees, detention fees, etc.
75. Listing service fee: Suppliers applying for initial listing must pay a one-time fee based on a certain percentage of the total value of the listed product before the official listing.
76. Transaction service fee. The buyer and seller involved in the transaction shall pay a service fee to the trading platform at a certain percentage of the transaction price for each transaction.
77. Authorization service fee. Applicants who apply to become authorized operating institutions such as block operators and transaction user service providers shall pay authorization fees to the trading platform.
78. Warehouse fees: The supplier shall bear the storage fees in proportion to the initial listing value of the products held.
79. Financial service fee: If a trading user successfully applies to a financial institution for warehouse receipt pledge or supply chain financing, he/she shall pay the service fee to the trading platform.
80. Demurrage: If the position trading user still does not pick up the goods after the delivery period, an additional fee shall be charged on the basis of the warehouse fee.

Section 8 Delivery Settlement

81. The trading platform implements an independent custody and settlement system for trading users’ trading funds. 
82. The trading platform uses the crypto currency UCOM as the settlement currency. If other currencies are used for settlement, the trading platform shall make separate provisions. 
83. The direct supply transaction mode of the trading platform adopts the full payment settlement method, and the purchase and sales transaction mode adopts the deposit settlement method. The specific deposit ratio will be announced when the trading goods are listed. Before the transaction begins, the trading user should ensure that there is sufficient funds in his trading account.
84. Transaction and delivery. After the transaction is completed, IntlCOM transfers the corresponding amount of products to the buyer's account and connects to the warehouse network management system, and the product owner information is changed accordingly; IntlCOM settles and transfers the corresponding transaction price to the seller's account. 

Chapter 8 Suspension and Termination

85. If any of the following circumstances occur on the trading platform, IntlCOM has the right to suspend or terminate the transaction and make an announcement on the official website and client of the trading platform: 

1. Force majeure such as earthquakes, floods, fires, or network system failures that are not attributable to the trading platform, resulting in the inability to conduct transactions normally;
2. The government regulatory authorities believe that it is necessary to suspend or terminate transactions;
3. The trading platform is merged or integrated due to strategic development needs;
4. Disputes, arbitration, litigation, etc. may have a significant impact on the trading platform;

86. In the event of any of the following circumstances, IntlCOM has the right to suspend or terminate the transaction and make an announcement on the trading platform:

1. Major disasters, operational difficulties, debt crises, etc. occur in cooperative warehouses, affecting the quality and safety of products in stock and storage safety;
2. Major problems are found in the production process and quality control of core suppliers, and the quality of existing products in stock may have quality problems;
3. Illegal acts that disrupt the trading order occur, causing abnormal price fluctuations;
4. Disputes, arbitration, litigation, etc. may have a major impact on core suppliers and cooperative warehouses;
5. Other situations that may affect the normal conduct of transactions.

87. In case of suspension of trading, the relevant responsible parties shall verify the above-mentioned situations and submit the investigation results to the supply chain operators. The supply chain operators shall make suggestions based on the verification results and, after obtaining the consent of IntlCOM, determine whether to resume trading and publish an announcement on the trading platform. 
88. If the transaction is terminated, the relevant responsible party shall verify the above situation and submit the investigation results to the supply chain operator. The supply chain operator shall divide the responsible parties. After IntlCOM agrees, it shall urge the relevant responsible parties to assume the relevant responsibilities and properly handle the demands of the transaction users. If there is any objection to the division of responsibilities, a reconsideration may be filed within 7 working days.
89. If the transaction on the trading platform is terminated, the supply chain operator shall formulate a withdrawal and liquidation plan, report it to IntlCOM for approval, and properly handle the withdrawal and liquidation of various funds of trading users and sector operators, trading user service providers, suppliers, warehouses, etc. 

Chapter 9 Risk and Responsibility

90. There are the following risks for trading users participating in trading platform products: 

1. Legal and policy risks. Adjustments and changes in laws, regulations, and monetary, fiscal, tax, industrial, and financial regulatory policies may affect the price fluctuations of trading platform products, and trading users should bear the risks arising therefrom.
2. Market price fluctuation risks. Price fluctuations are the essential characteristics of the market economy, and trading users should bear the risks arising therefrom.
3. Force majeure risks. If the trading products suffer losses due to force majeure factors such as earthquakes, typhoons, fires, floods, mudslides, wars, plagues, and social unrest, the risks shall be borne by the trading users holding the trading products.
4. Other risks. If the normal trading of the trading platform is affected by network failures or other unforeseen events, the trading users will suffer losses, and the risks shall be borne by the trading users themselves. 

91. IntlCOM only acts as the owner, operator and regulator of the trading platform and does not bear any responsibility for economic disputes and controversies between trading users, between authorized operating institutions, between trading users and other authorized operating institutions, between trading users and supply chain operators, and between other authorized operating institutions and supply chain operators.
92. When a user register an account, it is deemed that he or she has a comprehensive and full understanding of the trading platform and trading rules and other systems, and meets the trading user qualification requirements announced by the trading platform; trading users participating in transactions should be responsible for their own trading behavior, and the trading platform does not bear any responsibility for their investment losses. 
93. Trading users should strengthen their awareness of network security, take precautions UCOMinst viruses and Trojans in trading terminal facilities, properly keep their fund accounts, trading codes and trading passwords, and be responsible for the security of their registered or logged-in fund accounts. Any operation such as logging into the fund account to conduct transactions, transfers, loans, etc. will be deemed as the behavior of the owner of the fund account, and the owner of the fund account will be responsible and bear the consequences. The trading platform does not bear any responsibility. 
94. The trading platform does not assume any responsibility for losses caused by the following behaviors of trading users: 

1. Losses caused by untrue, inaccurate or incomplete information filled in;
2. Losses caused by failure to pay attention to the transaction-related information and announcements released by the trading platform in a timely manner;
3. Failure to operate in accordance with the trading platform's trading rules and other systems;
4. Losses caused by the time of the terminal device itself not matching the time of the trading system or other equipment failures.
5. Other losses caused by the trading user's own fault.

95. If a trading user commits any of the following illegal or irregular acts, the trading platform may take appropriate measures such as restricting login, restricting transactions, restricting withdrawals, and confiscating illegal or irregular income:

1. Impersonating or replacing other people's identity information to register for market transactions, maliciously evading international anti-money laundering obligations;
2. The source of transaction funds is illegal, or the source of transaction funds cannot be proved to be legal;
3. Malicious and high-frequency order brushing, not for the fundamental purpose of promoting commodity circulation and consumption and serving the real economy;
4. Illegal use of plug-in system transactions, endangering the security of the transaction system.

Chapter 10 Supervision and Management

96. IntlCOM supervises the transactions of trading users and the service behaviors of trading platforms in accordance with international laws and practices, trading platform trading rules, etc. The main contents of IntlCOM supervision are:

1. Supervise and inspect the implementation of laws, regulations, rules and trading rules of trading platforms;
2. Supervise and inspect the service behaviors of supply chain operators and other authorized operating institutions;
3. Supervise and inspect the trading behaviors of trading users;
4. Supervise and inspect the mediation and handling of trading and service disputes by trading platforms;
5. Accept, investigate and handle complaints and reports against supply chain operators;
6. Assist judicial organs and administrative law enforcement agencies in performing their duties in accordance with the law;
7. Investigate and handle other behaviors that violate the principles of "openness, fairness and justice" and create risks for trading platforms.

97. Supply chain operators shall implement self-discipline management on the supply chain operations of trading platforms in accordance with relevant laws, regulations, rules and platform trading rules and other institutional provisions, and supervise and manage other authorized operating institutions. The main contents of the supervision and management of supply chain operators are:

1. Check the implementation of the laws, regulations, rules and trading rules of the trading platform to prevent risks;
2. Supervise and inspect the service behaviors of authorized operating institutions;
3. Supervise and inspect fund settlement and custody services;
4. Supervise and inspect the trading behaviors of trading users;
5. Accept, investigate and assist in handling complaints and reports from sector operators, trading user service providers, core suppliers, cooperative warehouses, logistics agencies, etc.;
6. Assist judicial organs and administrative law enforcement agencies in performing their duties in accordance with the law;
7. Investigate and assist in handling other behaviors that violate the principles of "openness, fairness and justice" and create risks for trading platforms.

98. The operators of the trading platform shall conduct self-discipline management in accordance with international laws and practices, as well as platform trading rules, and supervise the service behaviors of core suppliers, cooperative warehouses, testing agencies and logistics agencies. The main contents of the supervision of the operators of the trading platform are:

1. Supervise and inspect the service behaviors of core suppliers, cooperative warehouses, testing agencies, and logistics agencies;
2. Accept, investigate, and assist in handling complaints and reports from core suppliers, cooperative warehouses, testing agencies, and logistics agencies;
3. Assist judicial organs and administrative law enforcement agencies in performing their duties in accordance with the law;
4. Investigate and assist in handling other behaviors that violate the principles of "openness, fairness, and justice" and create risks for trading platforms.

99. The transaction user service provider shall conduct self-discipline management and supervise the user's transaction behavior in accordance with relevant laws, regulations, rules and platform transaction rules and other institutional provisions. The main contents of the transaction user service provider supervision are:

1. Supervise and inspect user trading behaviors;
2. Accept, investigate, and assist in handling complaints and reports on user trading behaviors;
3. Assist judicial organs and administrative law enforcement agencies in performing their duties in accordance with the law;
4. Investigate and assist in handling other behaviors that violate the principles of "openness, fairness, and justice" and create risks for trading platforms.

100. IntlCOM and other supervisory entities should conduct regular or irregular sampling or comprehensive inspections on the supervision objects' compliance with trading rules and other systems.
101. When performing their supervisory duties, supervisory entities such as IntlCOM may exercise powers such as investigation and evidence collection, and the supervised entities shall cooperate.
102. Supply chain operators, other authorized operating institutions, trading users and other participants shall accept the supervision of IntlCOM and other supervisory entities on their services or trading behaviors. For those who fail to provide information truthfully, conceal the truth, deliberately evade, and fail to assist or hinder the supervisory entity staff in exercising their powers, the supply chain operator has the right to suspend their service or trading qualifications after reporting to IntlCOM for consent; if the supply chain operator does not suspend its qualifications, IntlCOM has the right to instruct the supply chain operator to suspend its qualifications; if the supply chain operator refuses to suspend its qualifications, IntlCOM has the right to directly suspend its qualifications.
103. If the services or trading behaviors of authorized operating institutions and trading users are suspected of major violations and verified by the supervisory body, the supply chain operator has the right to terminate their trading or service qualifications with the consent of IntlCOM, and the consequences arising therefrom shall be borne by the violator; If the supply chain operator does not terminate its qualification, IntlCOM shall require the supply chain operator to terminate its qualification within a specified period of time; If the supply chain operator refuses to suspend its qualification within the specified period, IntlCOM has the right to terminate its qualification.

Chapter 11 Supplementary Provisions

104. IntlCOM has the right to interpret these trading rules.
105. IntlCOM is responsible for the formulation and modification of these trading rules.
106. IntlCOM shall formulate specific management measures based on these trading rules. 
107. These trading rules shall be implemented on a trial basis from the date of promulgation.

IntlCOM

13th November 2024