Notice Of Issuance Of "Shanghai Stock Exchange Implementation Measures (Trial) On Securities Lending Of Refinancing"

Upon approval by the China Securities Regulatory Commission, the Shanghai Stock Exchange (SSE) hereby issues the "SSE Implementation Measures (Trial) on Securities Lending of Refinancing" (hereinafter referred to as the "Measures"), which shall come into effect from the issuance date.

During the trial period, only institutional investors can be securities lenders, while pricing deals will be arranged for securities lending. Temporarily, the SSE will not accept agreed applications, nor will it charge securities lending.

All member units are required to prepare for relevant business and technical system according to the "Measures".