Article 7 of the Regulations on Shareholders and Directors of Listed Companies stipulates that the directors of listed companies shall not reduce their shares in any of the following circumstances: 1. Dong was suspected of committing crimes in securities and futures, and was put on file for investigation by the China Securities Regulatory Commission or by the judicial organs. Less than six months after the administrative punishment decision and criminal judgment were made.

2. Dong has been publicly condemned by the stock exchange for violating the rules of the stock exchange for less than 3 months.

3. Other circumstances stipulated by China Securities Regulatory Commission.

The controlling shareholders of listed companies and shareholders holding more than 5% of shares are collectively referred to as major shareholders.