Haitong Securities Co., Ltd. and its relevant subsidiaries recently received the Decision Letter on Self-disciplinary Action of Interbank Bond Market from the National Association of Financial Market Institutional Investors (NAFMII) respectively. NAFMII conducted the self-disciplinary investigation against the Company and its relevant subsidiaries, and identified violations of relevant self-regulatory administration rules of the interbank market by the Company and its relevant subsidiaries. Therefore, NAFMII issued a warning to the Company and its relevant subsidiaries and ordered them to conduct comprehensive in-depth rectification in respect of the issues exposed. The Company will conduct comprehensive in-depth rectification in respect of the decision on self-disciplinary action and optimize its internal processes so as to facilitate its sustainable and healthy development of relevant businesses. The business of the Company is currently under normal operations. Investors are advised to exercise caution in their investments.