Bohai Bank and Bohai Futures are two different companies, and there is no direct equity relationship or business cooperation relationship between them. Bohai Bank is a commercial bank registered in China, established in 1996, headquartered in Tianjin, and directly supervised by China Banking Regulatory Commission. Bohai Futures is a futures company registered in China, established in 1993, headquartered in Tianjin, and directly supervised by China Securities Regulatory Commission. Although their names all contain "Bohai", they are two completely different companies, with no equity and no business connection.