CSRC: Further refine the advance compensation policy to effectively safeguard the legitimate rights and interests of investors.

On November 11, the relevant person in charge of the China Securities Regulatory Commission answered reporters' questions on matters including the application of the special representative litigation procedure to the Dongfangtong Securities misrepresentation liability dispute case, and the establishment by GF Securities and others of a special advance compensation fund in connection with the Qingyue Technology misrepresentation incident. The Beijing Financial Court has accepted the ordinary representative litigation over Dongfangtong Securities' misrepresentation. The China Securities Investor Services Center has accepted authorization entrustment from more than 50 investors and applied to convert the case into special representative litigation, and issued a rights registration announcement on November 11. On October 23, GF Securities announced that, together with BDO China Shu Lun Pan Certified Public Accountants LLP and the actual controller of Qingyue Technology, it would establish a special advance compensation fund in connection with the Qingyue Technology misrepresentation incident. The CSRC is publicly soliciting opinions on the Guiding Opinions on Advance Compensation in the Securities Market, intending to further refine the procedural arrangements for the implementation of advance compensation.