1. Hangzhou Bank is a financial institution approved by the China Banking Regulatory Commission, and its business activities are strictly supervised by the regulatory authorities.

2. Baoshishan is a credit card business promotion activity of Hangzhou Bank, aiming at attracting customers to apply for credit cards.

3. The promotion activities of Baoshishan credit card business of Hangzhou Bank comply with relevant laws, regulations and regulatory requirements, and are legal business activities.