Internal Control of Zhejiang Zheshang Capital Management Co., Ltd.

Zheshang Capital has established a set of standardized investment management business processes and strict risk control mechanism according to the inherent requirements of business development and the relevant regulations of China Securities Regulatory Commission, China Securities Regulatory Commission and China Securities Association since it was established to engage in direct investment business. As independent legal persons, Zheshang Capital and Zheshang Securities are independent of each other in personnel, information, finance, assets, operation and management, and business operation. Zheshang Capital has an independent operation and management team, which is completely isolated from the self-management, asset management, research and consulting, investment banking and other departments of Zheshang Capital Security, and operates independently in the process of deciding on investment.