The security of AVIC Trust and its fund pool is strictly supervised and managed by the regulatory authorities. AVIC Trust is a trust company operating in compliance in China, which is supervised by the Insurance Regulatory Commission of the Bank of China. Regulators require trust companies to establish sound risk management measures and systems, including risk control, compliance and auditing. AVIC Trust will also cooperate with professional rating agencies to evaluate and disclose the credit quality of its fund pool to provide transparency and trust.