To all market paticipants,

For the purpose of implementing the China Securities Regulatory Commission (CSRC)'s work arrangements on the issuance of depository receipts by innovative enterprises and regulating the registration and clearing business of depository receipts and in accordance with the Securities Law of the People's Republic of China, the Opinions on Launching Pilot Program of Issuance of Stocks or Depository Receipts within China by Innovative Enterprises, the Measures for the Administration of Securities Registration and Clearing, and the Administrative Measures for the Issuance and Trading of Depository Receipts, the Company formulates and hereby issues the Registration and Clearing Rules for Depository Receipts (Provisional) upon approval of the CSRC, which will be implemented as of issuance.

Attachment: the Registration and Clearing Rules for Depository Receipts (Provisional).pdf

China Securities Depository and Clearing Corporation Limited

June 15, 2018