The Detailed Rules for the Implementation of the Pilot Margin Trading of Shanghai and Shenzhen Stock Exchanges stipulates that when the guarantee ratio exceeds 300%, customers can withdraw the cash in the available balance of the margin or the securities covering the margin, but the guarantee ratio after withdrawal shall not be less than 300%. Unless otherwise stipulated by the stock exchange.

I hope our answer from Guotai Junan Securities Shanghai Branch will satisfy you!

Respondent: Manager Tu, account manager of Guotai Junan Securities.

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