The Measures of China Securities Regulatory Commission on the Appropriateness Management of Securities and Futures Investors (hereinafter referred to as the Measures) came into effect on July 17, 2007. In order to protect the legitimate rights and interests of investors, our company has implemented new regulations on investor suitability management since July 1 day, 2065, in accordance with the Measures and the Guidelines for the Implementation of Investor Suitability Management of Securities Institutions of China Securities Association (Trial). The relevant matters are briefly publicized as follows:

I. Customer Classification

The Company learned the relevant information stipulated in Article 6 of the Measures by means of basic investor information form, investor risk tolerance assessment questionnaire and customer return visit. Please provide relevant information truthfully, accurately, completely and effectively in accordance with the provisions of Article 33 of the Measures. When your information changes significantly, which may affect your classification, please inform our company in time.

According to Article 7 of the Measures, investors are divided into ordinary investors and professional investors, and ordinary investors enjoy special protection in terms of information disclosure, risk warning and appropriate matching. If you meet the requirements of Article 8 of the Measures, our company will identify you as a professional investor; Those who meet the provisions of Article 11 of the Measures may apply to their business departments to become professional investors. Investors other than professional investors are ordinary investors.

For ordinary investors, our company will divide the risk tolerance level into five levels according to the investor risk tolerance assessment questionnaire you filled in, taking into account your income source, assets, liabilities, investment knowledge and experience, risk preference, credit status and other factors: C 1 conservative, C2 cautious, C3 prudent, C4 active and C5 radical.

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Ordinary investors are natural persons whose risk tolerance level evaluation is C 1 conservative and meet one of the following circumstances, and are listed as investors with the lowest risk tolerance:

(a) does not have full capacity for civil conduct;

(two) no risk tolerance or unwilling to bear investment losses.

(3) Other circumstances stipulated by laws and administrative regulations.

Second, the classification of products and services

When the Company classifies the risk level of products or services, it comprehensively considers factors such as liquidity, maturity, leverage, complexity of structure, minimum amount of investment unit products or related services, investment direction and investment scope, fundraising method, credit status of relevant entities such as issuers, and past performance of similar products or services. If the product or service has the following factors, our company will carefully evaluate its risk level:

(1) For products or services with the possibility of loss of principal, most or all of the principal may be lost due to factors such as leveraged trading;

(2) Liquidity of products or services, products or services that are difficult to be successfully realized at a reasonable price in a short time due to factors such as lack of an open trading market and few investors;

(3) Understandability of products or services, products or services whose terms and characteristics are difficult for ordinary people to understand due to complex structure and difficult valuation;

(4) the method of raising products or services, involving a wide range of public offering products or related services with great influence;

(5) Cross-border factors of products or services, products or services issued or traded across borders due to market differences and the application of overseas laws;

(6) High-risk products or services recognized by self-regulatory organizations;

(seven) other factors that may constitute investment risks.

According to Articles 16 and 17 of the Measures, our company refines the risk rating standards of products or services, and scientifically and effectively evaluates the risk rating of products or services, and divides them into five categories from low to high: R 1 low risk, medium and low risk in R2, medium risk in R3, medium and high risk in R4 and high risk in R5.

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Third, the risk level matching standard between customers and products and services.

The matching criteria between the risk tolerance level of ordinary investors and the risk level of financial products or services are as follows:

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Before you participate in the product or service, please carefully examine the characteristics and risks of the product or service according to your own risk tolerance, make a full risk assessment and make your own investment decision.

In order to protect your legitimate rights and interests, please cooperate with our company to do a good job in investor suitability management. If you have any questions, please consult the account opening business department or call our national customer service telephone number 95397.

Good luck with your investment!

Pacific securities company limited