According to the provisions of Articles 49 and 50 of the Detailed Rules for the Implementation of Margin Trading of Shanghai Stock Exchange, the financing balance (or margin) of a single underlying securities reaches its listing market value (or listing liquidity).

25%, the Shanghai Stock Exchange (hereinafter referred to as "the Exchange") can suspend its financing buying (or short selling) on the next trading day. In order to meet the needs of the development of margin financing and securities lending business and reasonably control market risks, it is now

The restrictions on the proportion of trading open index funds (hereinafter referred to as "exchange traded funds") to implement the above provisions are further clarified as follows:

1. When the financing balance (or margin) of a single exchange-traded fund reaches 75% of its listing market value (or listing liquidity), this Exchange will suspend its financing buying (or short selling) on the next trading day and make an announcement to the market.

When the above ratio falls below 70%, the exchange will resume its financing buying (or short selling) on the next trading day and announce it to the market.

Two. If the financing balance (or margin) of a single exchange-traded fund reaches 25% of its listed market value (or listed liquidity) but does not reach 75%, this Exchange will not suspend its financing buying (or short selling).

Three. The Exchange may adjust the above ratio limit according to market needs.