Legal Basis: Article 1 These Provisions are formulated in accordance with the Company Law of People's Republic of China (PRC), the Securities Law of People's Republic of China (PRC) (hereinafter referred to as the Securities Law) and the Regulations on the Supervision and Administration of Securities Companies in order to strengthen the equity management of securities companies, protect the legitimate rights and interests of shareholders, customers and other stakeholders of securities companies, and promote the sustained and healthy development of securities companies. Article 2 These Provisions shall apply to securities companies established in People's Republic of China (PRC) according to law.