An investigation has revealed that your branch had issues such as individual account managers guiding clients in filling out risk assessment questionnaires, inadequate management of client follow-ups, and insufficient due diligence on third-party partners for online marketing. These problems indicate that your branch's management of investor suitability and online marketing operations is flawed, with internal control deficiencies.

The aforementioned actions violate the provisions of Article 51 and Article 56 of the "Measures for the Supervision of Futures Companies" (CSRC Order No. 155), as well as the second paragraph of Article 29 of the "Measures for the Management of Investor Suitability for Securities and Futures" (CSRC Order No. 202). Pursuant to Article 109 of the "Measures for the Supervision of Futures Companies" and Article 37 of the "Measures for the Management of Investor Suitability for Securities and Futures," this bureau has decided to take regulatory action against your branch by issuing a warning letter. Your branch must strengthen the control of online marketing activities, enhance the management of investor suitability, and further improve and strictly implement compliance and risk control systems and procedures.

If you disagree with this regulatory measure, you may apply for administrative reconsideration with the China Securities Regulatory Commission within 60 days of receiving this decision (applications can be submitted via express mail to the Legal Department of the China Securities Regulatory Commission). Alternatively, you may file a lawsuit with a competent people's court within six months of receiving this decision. The aforementioned regulatory measures will not be suspended during the period of reconsideration or litigation.

Shenzhen Regulatory Bureau December 23, 2025