Notice Of Issuing “Shanghai Stock Exchange Guidance On Operation Of Audit Committee Of Listed Company’s Directorate”

The Shanghai Stock Exchange (SSE) has formulated the “SSE Guidance on Operation of Audit Committee of Listed Company’s Directorate” (the “Guidance” for short, attached below), in order to boost the corporate governance and rationalize the operation of audit committees of directorates in listed companies. The “Guidance” is hereby released and put into effect as of the release day, and all listed companies are required to abide by it.