Notice Of Releasing “Shanghai Stock Exchange Business Guidelines For Market Makers In Stock Option Pilot Program”

With an aim of standardizing the market-making business in stock option pilot program, the Shanghai Stock Exchange (SSE) has formulated the “SSE Business Guidelines for Market Makers in Stock Option Pilot Program” (the “Guidelines” for short) in accordance with the “Administrative Measures on Pilot Program of Stock Option Trading” and the “Guidelines for Securities and Futures Agencies to Participate in Pilot Program of Stock Option Trading” of the China Securities Regulatory Commission and the “SSE Rules for Pilot Program of Stock Option Trading” and other related regulations. The SSE hereby releases the “Guidelines” and notifies relevant issues as follows:

1. The “Guidelines” shall take effect from the date of issuance.

2. Considering the progresses in the business and technical preparation of the market and relevant agencies, regulations on investors’ inquiries and market makers’ providing of asks and bids (Item 2, Article 3 and Item 5, Article 15) in the “Guidelines” will not be implemented presently, with specific implementation time subject to further notice.

3. The time and details for the SSE’s acceptance of market-making application materials will be subject to further notice.