Required. According to the relevant information, the due diligence report needs to be reviewed by the China Securities Regulatory Commission. It is currently in the due diligence stage of the intermediary agency and will need to be submitted to the China Securities Regulatory Commission for review and approval. The China Securities Regulatory Commission is an agency directly under the State Council. In accordance with laws, regulations and authorization from the State Council, it uniformly supervises and manages the national securities and futures markets, maintains the order of the securities and futures markets, and ensures their legal operation.