Several grades of Shanghai's new century rating

AAA level. According to relevant public information, Shanghai New Century issued the Corporate Bond Tracking Rating Report of Huatai Securities Co., Ltd. in 20 13, 20 15 and 20 16 and the Subordinated Bond Tracking Rating Report of Huatai Securities Co., Ltd. in 20 15. The rating report maintains the long-term credit rating of the company's main body as AAA.