Dealer's Association: Issued a warning to Zhongzheng Pengyuan and ordered it to comprehensively reform in terms of market marketing and rating operation issues.

On August 8th, the China Foreign Exchange Trade System & National Interbank Funding Center released disciplinary information: after investigation, China Chengxin International Credit Rating Co., Ltd., as a credit rating agency in the interbank bond market, engaged in the following behaviors that violated relevant self-disciplinary management rules of the interbank bond market: 1. Sending level upgrade proposals to potential rating object. 2. Before signing the rating agreement, the rating analysts and market marketers jointly contacted the company without effective isolation as required. 3. Before signing the rating agreement, the rating analysts conducted substantive rating operations. 4. Issuing a rating before the relevant core assets of a certain company completed the business registration changes, the sufficiency and reliability of the rating basis were insufficient. In accordance with the relevant self-disciplinary rules of the interbank bond market, after deliberation of the self-disciplinary meeting, China Chengxin was warned; ordered to conduct comprehensive and in-depth rectification of the marketing and rating operations issues exposed in this incident; and relevant responsible individuals were criticized.