Our company has revised the "Huatai Securities Shanghai Stock Exchange Risk Warning Stock Trading Risk Disclosure Statement" (hereinafter referred to as the "Risk Disclosure Statement") in accordance with the requirements of the "Notice on the Issuance of the" Shanghai Stock Exchange Member Management Business Guidelines No. 2- Essential Terms of Risk Disclosure Statement (Revised in February 2023) "(Shanghai Securities Letter [2023] No. 378) issued by the Shanghai Stock Exchange. It will be officially put into use on April 10, 2023.

The main revised content of the "Risk Disclosure Statement" includes: deleting the expression of abnormal fluctuations and temporary suspension of trading in stocks as a risk warning; It is clear that the repurchase of shares by listed companies and the increase of shares held by more than 5% of shareholders according to the disclosed increase plan are not subject to the purchase restriction of 500000 shares.

Investors who have opened the Shanghai Stock Exchange risk warning stock trading authority in our company do not need to sign the "Risk Disclosure Statement" again. However, please be aware of the detailed content of the relevant risk disclosure statement and understand the changes in relevant business systems and risk characteristics. Please log in to our company's online business hall for the full text of the revised Risk Disclosure Statement. The viewing path is Huatai Securities' official website - login - latest announcements - other announcements. Please carefully read the content of the 'Risk Disclosure Statement' and pay attention to the relevant risks indicated.

Huatai securities company limited

April 7, 2023