The subordinate relationship between Caitong Securities Jiangsu Branch and Jiangsu Sales Department

A wholly-owned subsidiary. Jiangsu Business Department is a wholly-owned subsidiary of Caitong Securities Jiangsu Branch, and its legal liability shall be borne by the securities business department itself. Jiangsu Branch of Caitong Securities does not have the qualification of a legal person, so it should apply to the company registration authority for registration and obtain a business license. Caitong Securities Business Department is responsible for business operation, enhancing development capability and achieving business performance.