Introduction of Zheshang Securities Co., Ltd.

Zheshang Securities Co., Ltd. is a comprehensive securities company approved by China Securities Regulatory Commission. Founded on May 9, 2002, it was changed into a company limited by shares on September 2, 2002. Headquartered in Hangzhou, Zhejiang Province, with a registered capital of RMB 3 billion. The existing shareholder is 15, and the actual controller is Zhejiang Communications Investment Group.