The administrative appellant, in connection with trading of the "XXX S&P GSCI Crude Oil 2x Leveraged ER Futures ETF," refused to accept a letter (Ref: zheng bao fa zi No. 1110003767) issued by the Securities and Futures Investors Protection Center on 17 October 2022, and therefore filed an administrative appeal with the FSC. The FSC Administrative Appeal Review Committee decided as follows: The administrative appeal will not be entertained.