According to the risk level, the goods and services of GF Securities are divided into five levels, and the risks from low to high are R 1 (low risk), R2 (medium and low risk), R3 (medium risk), R4 (medium and high risk) and R5 (high risk). The actual partition methods and specifications are as follows:

Partition:

According to the Measures for the Administration of the Suitability of Investors in Securities and Futures, the Guidelines for the Implementation of the Suitability Management of Investors in Securities Operating Institutions (for Trial Implementation) and other relevant requirements, GF Securities conducted due diligence on the provision and characteristics of goods and services, transaction elements and structure, project investment orientation and project investment scope, etc., from the design product structure and complexity, duration, liquidity, damage probability, profit volatility,

Leverage status, other factors and other aspects of goods and services are scored, and the above five risk levels are divided according to the scoring results. Under normal circumstances, the risk level of asset allocation that will not have the effect of diversifying risks should not be lower than the goods with the highest risk level in asset allocation.

Aiming at the asset allocation with risk diversification utility, the overall risk level is identified by comprehensive risk diversification utility. Enterprises will adjust the risk level of goods or services in a timely manner according to relevant laws and regulations, control requirements and changes in personal credit risk, sales market risk, actual business risk and liquidity risk.

(2) The risk level statement indicates that:

1, R 1 (low risk): the product structure is simple, there is no leverage, it is very easy to understand, the term is short or there is no fixed term, the liquidity is high, the probability of principal damage is extremely low, and the income basically does not fluctuate;

2.R2 (medium and low risk): the product structure is simple, no leverage, very easy to understand, short or no fixed term, high liquidity, low probability of principal damage and small income fluctuation;

3.R3 (medium risk): the product structure is complex, the liquidity is general, and the probability of principal damage is low; Or the product structure is relatively simple, but the risk factors are likely to cause greater damage to the principal and the income fluctuates greatly.

4.R4 (medium and high risk): The product structure is complex, which is likely to involve the composition of two or more business types or cross-border electronic commerce and cross-selling market elements. Liquidity is general, risk factors are easy to cause greater damage to the principal, and the income fluctuates greatly; Or the product structure is simple, but the income fluctuates greatly and the liquidity is weak, and the risk factors are likely to cause huge losses of the principal.

5.R5 (high risk): The product structure is complex and incomprehensible, so it is impossible to make a company valuation of the goods, with a long term and weak liquidity, which is easy to cause huge losses to the principal and can be operated with high leverage.

The commodities mentioned in this statement refer to the standardized business process types or project investment targets provided by GF Securities to investors; The "service items" mentioned in this statement refer to the news and information content of the above-mentioned "commodities" provided by GF Securities for investors, the value analysis of non-investment bank consulting investment, the activation and management methods of sales and transaction management authority, etc.

Among them, the risk level identification of service items is defined by the risk level of matching goods. For the risk rating of specialized financial products (including but not limited to income certificates, securities funds, private investment funds and their mixed products) sold or introduced by enterprises selling to investors' markets, this assessment shows that the above business processes are not involved.

3. Risk level. The most important thing to buy investment and wealth management products is that the investment and wealth management you buy is consistent with your own risk assessment level. High returns are necessarily high risks. When evaluating investment and financial management, you must fill in according to your own specific situation, get a risk rating suitable for your own specific situation, and then match your own risk level and buy investment and financial management products of the corresponding level. Do all project investment, don't risk manipulation, remember!

That's my share.