1. The full name of the Securities Investor Protection Fund is China Securities Investor Protection Fund Co., Ltd., which was incorporated on August 30, 2005. It is wholly owned by the State Council, with relevant persons from China Securities Regulatory Commission, Ministry of Finance and Central Bank as directors. It officially opened on September 29, 2005, also referred to as China Insurance. The business scope of the securities investor protection fund company includes the cancellation, closure and bankruptcy of the securities company, or the compulsory supervision measures such as administrative takeover and custody operation taken by the China Securities Regulatory Commission, and the creditors are paid off in accordance with relevant national policies.

2. According to the articles of association, the board of directors of the Securities Investor Protection Fund Company is responsible for the company's major decisions, raising, managing and using fund funds, performing the fund management duties in accordance with the principle of safety and stability, and ensuring the safety of the fund.

3. The Protection Fund Company is a wholly state-owned financial institution approved by the State Council. Is a non-profit enterprise legal person, mainly responsible for the collection, management and use of securities investor protection funds. The Protection Fund Company is under the centralized management of China Securities Regulatory Commission.

4. In order to establish the withdrawal mechanism of securities companies, protect the legitimate rights and interests of investors, raise, manage and operate the securities investor protection fund, establish a long-term mechanism to prevent and deal with the risks of securities companies, and promote the reform and stable development of China's capital market.