Tianfeng Securities' non-public offering of no more than 4 billion yuan has made a significant progress.

Recently, Tianfeng Securities' non-public offering of no more than 4 billion yuan has made key progress, and the relevant application has been approved by the Shanghai Stock Exchange. Its controlling shareholder also "strongly supports" and clearly stated that it intends to fully subscribe for the shares in this non-public offering. On the evening of May 9th, Tianfeng Securities announced that it has received the Shanghai Stock Exchange's opinion on the non-public offering of shares to specific objects, believing that the company's application for the issuance of shares to specific objects meets the issuance conditions, listing conditions, and information disclosure requirements.