China Securities Depository and Clearing Co., Ltd., referred to as "China Clearing Company", provides custody and settlement services for bonds and securities for Shanghai and Shenzhen stock exchanges. It is a securities registration and settlement institution in China, and the company has set up branches in Shanghai and Shenzhen. China Securities Depository and Clearing Co., Ltd., referred to as the "Central Clearing Company", provides bond custody and settlement services for the inter-bank bond market. China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as the Central Clearing Company) is a wholly state-owned financial institution that provides services such as registration, custody and transaction settlement of fixed-income securities such as government bonds, financial bonds and corporate bonds for the national bond market. It is the only institution authorized by the Ministry of Finance to preside over the establishment and operation of the national treasury bond custody system, and it is the first-class custody institution of the national inter-bank bond market designated by the People's Bank of China. China Clearing Company mainly handles the registration and settlement of stocks and funds. China Government Securities Depository and Clearing Co., Ltd. mainly handles the registration and settlement of bonds.

With the approval of China Securities Regulatory Commission, China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as China Clearing Co., Ltd.) was established as a non-profit enterprise legal person on March 30th, 20001year according to the provisions of People's Republic of China (PRC) Company Law (hereinafter referred to as the Company Law) and People's Republic of China (PRC) Securities Law (hereinafter referred to as the Securities Law).

The main services provided by the Company to the participants in the registration and settlement system include:

(1) Providing services such as stock holding roster, distribution of securities rights and interests, online voting of corporate behavior, equity incentive and employee stock ownership plan for listed companies and other securities issuers.

(2) setting up securities accounts for securities holders through the electronic securities bookkeeping system, and providing post-transaction registration, depository services and securities settlement services.

(3) setting up secured and unsecured fund settlement accounts for settlement participants, and providing settlement and delivery services for securities and financial derivatives transactions. As a central counterparty (CCP), the Company provides multilateral net guarantee settlement services for securities traded centrally on the floor. Provide bilateral full amount, bilateral net amount, real-time full amount (RTGS) and fund collection and payment services for securities that are not centrally traded on the exchange. (4) Providing fund asset custody services for Public Offering of Fund and issuers of private equity funds.