Changqiao Securities responds to the investigation initiated by the China Securities Regulatory Commission

Changqiao Securities responded to the investigation filed by the China Securities Regulatory Commission, stating that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities Regulatory Commission, and customer funds are completely isolated from company operating funds. According to regulatory requirements, they are kept in independent custody bank accounts, and US and Hong Kong stock assets are respectively held by DTCC and HKSCC, and enjoy protection from the Hong Kong Investor Compensation Fund. The company stated that it will implement the rectification requirements in accordance with the law.