Huatai Securities Clarifies: "The information that 'Huatai Securities was ordered by the regulatory authorities to correct its fund sales violations and suspend its business for 12 months' is untrue."

Huatai Securities Announcement: The company has noticed that there have been media reports in the market claiming that Huatai Securities has been ordered by regulators to correct its illegal fund sales practices and suspend its business for 12 months. After verification with all parties, as of now, the company has not received any administrative regulatory measures from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission related to the suspension of fund sales business for 12 months. The aforementioned media reports are false information.