NOTICE OF THE 2025 FIRST EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that the EGM will be held at Conference Room, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, October 17, 2025 at 2:40 p.m. to consider the following issues (special resolutions marked with *):

Resolutions

1. To consider and approve the 2025 interim profit distribution of the Company
1. *To consider and approve the amendments to the Articles of Association of Huatai Securities Co., Ltd.
1. *To consider and approve the amendments to the Rules of Procedure for General Meeting of Huatai Securities Co., Ltd.
1. *To consider and approve the amendments to the Rules of Procedure of the Board Meetings of Huatai Securities Co., Ltd.
1. *To consider and approve matters in relation to the dissolution of the Supervisory Committee

In this circular, unless the context otherwise requires, the following expressions shall have the following meanings:

"A Share Class Meeting"	the 2025 Second A Share Class Meeting to be held by the Company at Conference Room, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, October 17, 2025 at 2:40 p.m. (or immediately after the conclusion of the EGM or its adjourned meeting thereof)
"A Share(s)"	domestic share(s) of the Company, with a nominal value of RMB1.00 each, which are subscribed for or credited as paid up in Renminbi and are listed for trading on the Shanghai Stock Exchange
"Articles of Association"	the articles of association of the Company, as amended, supplemented or otherwise modified from time to time
"Board" or "Board of the Company"	the board of directors of the Company
"Class Meetings"	the A Share Class Meeting and the H Share Class Meeting
"Company"	a joint stock company incorporated in the PRC with limited liability under the corporate name 華泰證券股份有限公司 (Huatai Securities Co., Ltd.), converted from its predecessor 華泰證券有限責任公司 (Huatai Securities Limited Liability Company) on December 7, 2007, carrying on business in Hong Kong as "HTSC", and was registered as a registered non-Hong Kong company under Part 16 of the Companies Ordinance under the Chinese approved name of "華泰六八八六股份有限公司" and English name of "Huatai Securities Co., Ltd."; the H Shares of which have been listed on the main board of the Hong Kong Stock Exchange since June 1, 2015 (Stock Code: 6886); the A Shares of which have been listed on the Shanghai Stock Exchange since February 26, 2010 (Stock Code: 601688); the global depository receipts of which have been listed on the London Stock Exchange plc since June 2019 (Symbol: HTSC), unless the context otherwise requires, including its predecessor
"Company Law"	the Company Law of the People's Republic of China (as amended, supplemented or otherwise modified from time to time)

DEFINITIONS

"CSRC"	the China Securities Regulatory Commission (中國證券監督管理委員會)
"Director(s)"	the director(s) of the Company
"EGM"	the 2025 first extraordinary general meeting to be held by the Company at Conference Room, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, October 17, 2025 at 2:40 p.m.
"GDR"	global depositary receipt
"Group"	the Company and its subsidiaries, and their respective predecessors
"H Share(s)"	foreign share(s) in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in HK dollars and are listed on the Hong Kong Stock Exchange
"H Share Class Meeting"	the 2025 Second H Share Class Meeting to be held by the Company at Conference Room, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, October 17, 2025 at 2:40 p.m. (or immediately after the conclusion of the EGM and the A Share Class Meeting or any adjourned meeting thereof)
"HK dollar(s)"	Hong Kong dollar(s), the lawful currency of Hong Kong
"Hong Kong" or "HK"	the Hong Kong Special Administrative Region of the PRC
"Hong Kong Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Independent Non-executive Director(s)"	the independent non-executive Director(s) of the Company
"Latest Practicable Date"	September 23, 2025, being the latest practicable date for the purpose of ascertaining certain information contained in this circular prior to its publication

DEFINITIONS

"Listing Rules"	the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange, as amended, supplemented or otherwise modified from time to time
"PBOC"	the People's Bank of China
"PRC" or "China"	the People's Republic of China, excluding, for the purposes of this circular, Hong Kong, Macau Special Administrative Region and Taiwan
"RMB" or "Renminbi"	Renminbi, the lawful currency of the PRC
"Rules of Procedure of the Board Meetings"	the Rules of Procedure of the Board Meetings of Huatai Securities Co., Ltd., as amended, supplemented or otherwise modified from time to time
"Rules of Procedure for General Meeting"	the Rules of Procedure for General Meeting of Huatai Securities Co., Ltd., as amended, supplemented or otherwise modified from time to time
"Securities Law"	the Securities Law of the People's Republic of China (as amended, supplemented or otherwise modified from time to time)
"SFO"	the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended, supplemented or otherwise modified from time to time
"Share(s)"	the ordinary share(s) in the capital of the Company with a nominal value of RMB1.00 each, comprising A Shares and H Shares
"Shareholder(s)"	the holder(s) of the Share(s)
"Supervisor(s)"	the supervisor(s) of the Company
"Supervisory Committee"	the supervisory committee of the Company
"USD"	United States dollars, the lawful currency of the United States
"%"	per cent

MATTERS TO BE RESOLVED AT THE EGM AND/OR THE CLASS MEETINGS

1. 2025 Interim Profit Distribution

At the EGM, an ordinary resolution will be proposed to approve the 2025 interim profit distribution.

According to the 2025 half-year financial statements of the Group, the net profit attributable to shareholders of the listed company for the first half of 2025 was RMB7,549,447,367.16, among which the net profit of the parent company reached RMB4,976,977,291.31.

Pursuant to the relevant requirements of the Shanghai Stock Exchange, listed companies should determine the profit distribution based on the undistributed profit presented in the financial statements of the parent company as at the end of the period. According to relevant requirements of the Company Law, the Securities Law and other laws and regulations as well as the Articles of Association, after the parent company had appropriated 10% for statutory surplus reserve, 10% for general risk reserve and 10% for trading risk reserve of RMB1,493,093,187.39 in total from the net profit realised during the period, the profit available for distribution for the half year was RMB3,483,884,103.92. In consideration of the balance of undistributed profit in previous years, as of June 30, 2025, the undistributed profit presented in the financial statements of the parent company as at the end of the period was RMB25,685,272,250.79.

According to the relevant requirements of the CSRC, gains arising from the fair value changes in distributable profit of securities companies shall not be used for cash distribution to shareholders. As of the end of June 2025, the accumulated fair value changes in distributable profit of the parent company were RMB1,206,500,038.62, after deduction of which as required, the profit of the parent company available for distribution to investors in cash amounted to RMB24,478,772,212.17.

After comprehensive consideration of factors such as the interests of Shareholders and the development of the Company, the 2025 interim profit distribution plan of the Company is proposed as follows:

The Company will distribute cash dividend of RMB0.15 (tax inclusive) per Share based on the Company's total share capital as of June 30, 2025 of 9,027,302,281 shares after deducting 438,495 A Shares repurchased and cancelled (i.e. on the basis of 9,026,863,786 shares), with the total cash dividend of RMB1,354,029,567.90 (tax inclusive), representing 17.94% of net profit attributable to the shareholders of the listed company in the consolidated statements for the first half of 2025.

If the total share capital of the Company changes as a result of repurchase and cancellation of Shares granted in the equity incentive during the period from the disclosure date of this plan to the record date of the implementation of the dividend distribution, the Company intends to maintain the distribution amount per Share unchanged and adjust the total distribution accordingly. The remaining profits available for distribution to investors will be carried forward to the next accounting period.

Cash dividend is denominated and declared in Renminbi, and paid to holders of A Shares (including the depositary of GDRs) and the investors of Southbound Trading in Renminbi and to holders of H Shares (excluding the investors of Southbound Trading) in HK dollars or Renminbi. The actual distribution amount in HK dollars shall be calculated at the average basic exchange rate of Renminbi against HK dollars published by the PBOC five business days prior to the date of the 2025 first extraordinary general meeting.

The Company will make further notice on the record date and the book closure date for such dividend distribution.

The resolution was considered and approved by the Board and the Supervisory Committee on August 29, 2025, and is now submitted to the EGM for its consideration and approval. Upon the approval at the EGM, the Company will distribute the 2025 interim cash dividend to its Shareholders according to the distribution plan within two months from the date of convening the EGM.

2. Amendments to the Articles of Association

At the EGM, a special resolution will be proposed to approve the amendments to the Articles of Association.

Reference is made to the announcement of the Company dated August 29, 2025 in relation to the Board's proposed amendments to the Articles of Association.

Given that the Special Provisions of the State Council for the Share Offerings and Listings Overseas of Joint Stock Limited Companies (《國務院關於股份有限公司境外募集股份及上市的特別規定》) and the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas (《關於執行<到境外上市公司章程必備條款>的通知》) have been abolished, and the newly revised Company Law has taken into effect, the Company proposes to amend certain articles of the existing Articles of Association in accordance with the relevant requirements of relevant laws, regulations and normative documents, such as the currently effective Securities Law, the Measures for the Supervision and Administration of Directors, Supervisors, Senior Management Officers and Practitioners of Securities Fund Operating Institutions (《證券基金經營機構董事、監事、高級管理人員及從業人員監督管理辦法》), the Measures for the Administration of Independent Directors of Listed Companies (《上市公司獨立董事管理辦法》), the Corporate Governance Rules for Securities Companies (《證券公司治理準則》), the Code of Corporate Governance for Listed Companies (《上市公司治理準則》), the Guidelines for the Articles of Association of Listed Companies (《上市公司章程指引》) and the Listed Company Regulatory Guideline No. 3 – Cash Dividends of Listed Companies (《上市公司監管指引第3號–上市公司現金分紅》) of the CSRC, and the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange (《上海證券交易所股票上市規則》), the Listing Rules, the Implementation Rules for the Integrity Practices of Securities Firms and Their Staff (《證券經營機構及其工作人員廉潔從業實施細則》), the Securities Industry Code of Conduct (《證券行業誠信準則》) and the Regulation on Comprehensive Risk Management of Securities Companies (《證券公司全面風險管理規範》) of the Securities Association of China, as well as the actual situation of the Company. Meanwhile, it is proposed to authorize the management of the Company to handle matters such as the filing of changes in certain provisions of the Articles of Association.

Details of the proposed amendments to the Articles of Association and basis of amendments are set out in Appendix I to this circular.

This resolution was considered and approved by the Board on August 29, 2025 and is hereby proposed at the EGM and the Class Meetings for consideration and approval.

3. Amendments to the Rules of Procedure for General Meeting

At the EGM, a special resolution will be proposed to approve the amendments to the Rules of Procedure for General Meeting.

Given that the Special Provisions of the State Council for the Share Offerings and Listings Overseas of Joint Stock Limited Companies and the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas have been abolished, and the newly revised Company Law has taken into effect, the Company proposes to amend certain articles of the existing Rules of Procedure for General Meeting in accordance with the relevant requirements of relevant laws, regulations and normative documents, such as the currently effective Guidelines for the Articles of Association of Listed Companies, the Rules for Shareholders' Meetings of Listed Companies (《上市公司股東會規則》) and the Listed Company Regulatory Guideline No. 3 – Cash Dividends of Listed Companies of the CSRC, and the Articles of Association, as well as the actual situation of the Company.

Details of the proposed amendments to the Rules of Procedure for General Meeting and basis of amendments are set out in Appendix II to this circular.

This resolution was considered and approved by the Board on August 29, 2025 and is hereby proposed at the EGM and the Class Meetings for consideration and approval.

4. Amendments to the Rules of Procedure of the Board Meetings

At the EGM, a special resolution will be proposed to approve the amendments to the Rules of Procedure of the Board Meetings.

Given that the Special Provisions of the State Council for the Share Offerings and Listings Overseas of Joint Stock Limited Companies and the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas have been abolished, and the newly revised Company Law has taken into effect, the Company proposes to amend certain articles of the existing Rules of Procedure of the Board Meetings in accordance with the relevant requirements of relevant laws, regulations and normative documents, such as the currently effective Measures for the Administration of Independent Directors of Listed Companies and the Guidelines for the Articles of Association of Listed Companies of the CSRC, the Shanghai Stock Exchange's Guideline for Self-regulation of Listed Companies No. 1 – Standardized Operation (《上市公司自律監管指引第1號–規範運作》), and the Articles of Association, as well as the actual situation of the Company.

Details of the proposed amendments to the Rules of Procedure of the Board Meetings and basis of amendments are set out in Appendix III to this circular.

This resolution was considered and approved by the Board on August 29, 2025 and is hereby proposed at the EGM and the Class Meetings for consideration and approval.

5. Matters in Relation to the Dissolution of the Supervisory Committee

At the EGM, a special resolution will be proposed to approve the dissolution of the Supervisory Committee.

In order to comprehensively deepen the reform of the Supervisory Committee, drive the Company to continuously enhance its core functions and competitiveness, and achieve high-quality development, the Company proposes to dissolve the Supervisory Committee, whose functions and powers as prescribed by laws and regulations will be exercised by the Audit Committee of the Board, to simultaneously abolish the Rules of Procedures for the Supervisory Committee of Huatai Securities Co., Ltd. and to remove the Office of the Supervisory Committee in accordance with the newly revised Company Law and the Guidelines for the Articles of Association of Listed Companies of the CSRC and other relevant requirements, as well as in light of the Company's actual situation.

Supervisors of the sixth session of the Supervisory Committee of the Company shall continue to perform their duties in accordance with the relevant laws, regulations and the Articles of Association until the effective date of the change to dissolve the Supervisory Committee.

This resolution was considered and approved by the Board and the Supervisory Committee on August 29, 2025 and is hereby proposed at the EGM for consideration and approval.

NOTICE OF THE 2025 SECOND A SHARE CLASS MEETING

NOTICE IS HEREBY GIVEN that the 2025 second A share class meeting of theCompany(the " A Share Class Meeting") will be held at Conference Room, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, October 17, 2025 at 2:40 p.m. (or immediately after the conclusion of the2025 first extraordinary general meeting or an adjournment thereof ) to consider the following issues:

Special Resolutions

1. To consider and approve the amendments to the Articles of Association of Huatai Securities Co., Ltd.
1. To consider and approve the amendments to the Rules of Procedure for General Meeting of Huatai Securities Co., Ltd.
1. To consider and approve the amendments to the Rules of Procedure of the Board Meetings of Huatai Securities Co., Ltd.

I. AMENDMENTS TO THE FOLLOWING ARTICLES OF THE ARTICLES OF ASSOCIATION

Original articles	Amended articles	Basis of amendment
Article 1 The Articles of Association has been formulated in accordance with the Company Law of the People's Republic of China (the "Company Law"), the Securities Law of the People's Republic of China (the "Securities Law"), the Special Provisions of the State Council for the Share Offerings and Listings Overseas of Joint Stock Limited Companies (the "Special Provisions"), the Reply of the State Council on the Adjustment of the Provisions Applicable to the Notice Period of Convening General Meetings of Shareholders and Other Matters Applicable to the Companies Listed Abroad, the Mandatory Provisions of Articles of Association of Companies that List Overseas, the Reply on Opinions Concerning the Supplement and Amendment to Articles of Association by Companies to be Listed in Hong Kong, the Corporate Governance Rules for Securities Companies, the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"), the Guidelines for the Articles of Association of Listed Companies and other relevant provisions, in order to protect the lawful rights and interests of the Company, its shareholders and creditors, and regulate the organization and acts of the Company.	Article 1 The Articles of Association has been formulated in accordance with the Company Law of the People's Republic of China (the "Company Law"), the Securities Law of the People's Republic of China (the "Securities Law"), the Provisions on the Administration of Equities of Securities Companies, the Corporate Governance Rules for Securities Companies, the Code of Corporate Governance for Listed Companies, the Guidelines for the Articles of Association of Listed Companies, the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules") and other relevant provisions, in order to protect the lawful rights and interests of the Company, its shareholders, employees and creditors, and regulate the organization and acts of the Company.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 1 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 5 The Company's domicile: No. 228 Middle Jiangdong Road, Nanjing, Jiangsu Province Postal code: 210019 Telephone: 025 83387788 Facsimile: 025 83387784	Article 5 The Company's domicile: No. 228 Middle Jiangdong Road, Nanjing, Jiangsu Province Postal code: 210019	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 5 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 8 The Chairman of the board of Directors (the "Board") of the Company shall be the legal representative of the Company.	Article 8 The Chairman of the board of Directors (the "Board") of the Company shall be the legal representative of the Company.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as
	Where the Chairman of the Board resigns, he/she shall be deemed to resign as the legal representative simultaneously.	Article 8 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account
	Where the legal representative resigns, the Company shall determine a new legal representative within 30 days from the resignation of the legal representative.	the actual situation of the Company.
	The election and change of legal representative shall be approved by a resolution passed by a majority of all directors of the Board.
–	Article 9 The legal consequences of civil activities conducted by the legal representative in the name of the Company shall be borne by the Company.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as
	The restrictions on the functions and powers of the legal representative by the Articles of Association or the general meeting shall not be used against any bona fide counterparty.	Article 9 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account
	If the legal representative causes damage to others in the performance of his/her duties, the Company shall bear civil liability. After the Company assumes	the actual situation of the Company.
	civil liability, it may, in accordance with laws or the provisions of the Articles of Association, seek compensation from the legal representative who is at fault.

Original articles	Amended articles	Basis of amendment
Article 9 All of the assets of the Company are divided into shares of equal par value. The shareholders are responsible for the Company to the limit of the shares they have subscribed for. The Company is responsible for its debts to the limit of all of its assets. The Company may invest in other bodies including companies with limited liabilities and joint stock companies, and is responsible for their debts to the extent of the invested amount.	Article 10 The shareholders are responsible for the Company to the limit of the shares they have subscribed for. The Company is responsible for its debts to the limit of all of its properties.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 10 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 10 In the Company, according to the Constitution of the Communist Party of the PRC and relevant provisions, the Company sets up a Chinese Communist Party organization and establishes a work institution of the Party to carry out activities of the Party. The Company shall provide necessary facilitations for the activities of the Party Organization. The Party Committee of the Company plays a leading role in accordance with the provisions of the Constitution of the Communist Party of the PRC, offers the direction, oversees the overall situation, ensures the implementation of the objectives of the Party, discusses the major business management matters of the Company in advance, and supports the general meeting, the Board of Directors, the Supervisory Committee, and the senior management in exercising their functions and powers in accordance with the laws.	Article 11 In the Company, according to the Constitution of the Communist Party of the PRC and relevant provisions, the Company sets up a Chinese Communist Party organization and establishes a work institution of the Party to carry out activities of the Party. The Company shall provide necessary facilitations for the activities of the Party Organization. The Party Committee of the Company plays a leading role in accordance with the provisions of the Constitution of the Communist Party of the PRC, offers the direction, oversees the overall situation, ensures the implementation of the objectives of the Party, discusses the major business management matters of the Company in advance, and supports the general meeting, the Board of Directors and the senior management in exercising their functions and powers in accordance with the laws.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 11 The Articles of Association has been adopted at the general meeting as a special resolution, and shall become effective on the date on which the overseas listed foreign shares (H share) issued by the Company are listed on Hong Kong Stock Exchange. The original Articles of Association shall become null and void on the date the Articles of Association enter into effect. From the date on which it becomes effective, the Articles of Association shall constitute a legally binding document that regulates the organization and acts of the Company and the rights and obligations between the Company and its shareholders and between shareholders inter se, and is binding upon the Company and its shareholders, Directors, Supervisors and senior management officers. All the above persons may make claims related to Company matters in accordance with the Articles of Association. Shareholders may sue shareholders; shareholders may sue Directors, Supervisors and senior management officers of the Company; shareholders may sue the Company; and the Company may sue shareholders, Directors, Supervisors and senior management officers in accordance with the Articles of Association. For the purpose of the preceding paragraph, the term "sue" shall include the institution of proceedings in a court or the application to an arbitration institution for arbitration.	Article 12 From the date on which it becomes effective, the Articles of Association shall constitute a legally binding document that regulates the organization and acts of the Company and the rights and obligations between the Company and its shareholders and between shareholders inter se, and is binding upon the Company and its shareholders, Directors and senior management officers. Shareholders may sue shareholders; shareholders may sue Directors and senior management officers of the Company; shareholders may sue the Company; and the Company may sue shareholders, Directors and senior management officers in accordance with the Articles of Association.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 11 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 12 For the purpose of the Articles of Association, the term "senior management officers" shall include the Company's Chief Executive Officer, members of the executive committee, Chief Financial Officer, the chief compliance officer, the general counsel, Chief Risk Officer, the secretary to the Board, Chief Information Officer and other persons holding important positions as identified by the regulatory authorities or confirmed by the resolution of the Board of Directors.	Article 13 For the purpose of the Articles of Association, the term "senior management officers" shall include the Company's Chief Executive Officer, Co-Chief Executive Officer, members of the executive committee, Chief Operation Officer, Chief Financial Officer, the chief compliance officer, the general counsel, Chief Risk Officer, the secretary to the Board, Chief Information Officer and other persons holding important positions as identified by the regulatory authorities or confirmed by the resolution of the Board of Directors.	Amendment is made in accordance with the relevant requirements of the currently effective laws, regulations and normative documents, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 13 The operational objectives of the Company: being dedicated to exploring, developing and flourishing securities business in China, expanding fund financing channels, improving socialist financial market and system, and supporting the state's economic construction; the goals of the Company: diversifying businesses, standardizing the management, modernizing the operation and internationalizing the operation.	Article 14 The operational objectives of the Company: adhering to a functional positioning, remaining committed to a customer-centric approach, leveraging technology empowerment to enhance platform-based, integrated and international development level, striving to become a first-class investment bank with both local advantages and global influence, continuously creating long-term value for customers, shareholders, employees and society, and better serving the real economy and the high-quality development of the financial sector.	Amendment is made in accordance with the development environment of the securities industry and the operating conditions of the Company.
–	Article 15 The Company upholds honesty and integrity, sticks to compliant operations and continuously strengthens its management of business integrity. The goal of the Company's management of business integrity is to establish and improve a management system of business integrity to effectively identify and proactively manage integrity risks, and actively foster a culture of integrity. The overall requirement of the Company's management of business integrity is to build a management system of business integrity that covers all businesses and all sectors, implement management responsibilities of business integrity at all levels and effectively prevent and control integrity risks in business.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 5 of the currently effective Implementation Rules for the Integrity Practices of Securities Firms and Their Staff of the Securities Association of China, and taking into account the actual situation of the Company.
Article 17 The Company shall have ordinary shares at any time; the Company may have other classes of shares according to need, upon approval by the authorities that is authorized by the State Council. Shareholder of each class shall enjoy equal rights in the distribution of dividends or any other form.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 18 The Company shall issue shares in an open, equitable and fair manner, and each of the shares in the same class shall carry the same rights. Shares of the same class and the same issuance shall be issued on the same conditions and at the same price. Any entity or individual shall pay the same price for each of the shares for which it or he or she subscribes for.	Article 19 The Company shall issue shares in an open, equitable and fair manner, and each of the shares in the same class carries the same rights. Shares of the same class and the same issuance are issued on the same conditions and at the same price. A subscriber pays the same price for each of the shares for which it or he or she subscribes for.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 17 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 19 All shares issued by the Company shall be denominated in RMB and have a par value of RMB one yuan.	Article 20 All par value shares issued by the Company shall be denominated in RMB and have a par value of RMB one yuan.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 18 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 20 The Company may offer its shares to domestic investors and overseas investors, subject to the approval of the securities regulatory authorities of the State Council, or any other relevant regulatory authorities. For the purpose of the preceding paragraph, the term "overseas investors" means investors from a foreign country or from Hong Kong, Macau or Taiwan who subscribe for the shares of the Company and the term "domestic investors" refers to investors inside the territory of the People's Republic of China (the "PRC"), excluding the abovementioned regions, who subscribe for the shares of the Company.	Article 21 The Company may offer its shares to domestic investors and overseas investors, subject to the registration or filing with the securities regulatory authorities of the State Council, or any other relevant regulatory authorities. For the purpose of the preceding paragraph, the term "overseas investors" means investors from a foreign country or from Hong Kong, Macau or Taiwan who subscribe for the shares of the Company and the term "domestic investors" refers to investors inside the territory of the People's Republic of China (the "PRC"), excluding the abovementioned regions, who subscribe for the shares of the Company.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 21 As approved by the competent governmental authority, the Company issued a total of 4,500,000,000 ordinary shares upon its establishment. The Company issued 4,500,000,000 ordinary shares to its promoters upon its establishment, representing 100% of the Company's outstanding ordinary shares.	Article 22 As approved by the competent governmental authority, the Company issued a total of 4,500,000,000 shares upon its establishment. The Company issued 4,500,000,000 shares to its promoters upon its establishment, representing 100% of the Company's outstanding shares.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 20 of the currently effective Guidelines for the Articles of Association of Listed Companies of
Names of the promoters (or shareholders) of the Company, the number of shares subscribed and the methods of capital contributions are as follows: ⋯	Names of the promoters (or shareholders) of the Company, the number of shares subscribed and the methods of capital contributions are as follows: ⋯	the CSRC, and taking into account the actual situation of the Company.
Article 22 The total number of the issued ordinary shares of the Company is 9,026,863,786 shares, among which 7,307,818,106 shares are RMB ordinary shares and 1,719,045,680 shares are overseas listed foreign shares.	Article 23 The number of the issued shares of the Company is 9,026,863,786 shares, among which 7,307,818,106 shares are RMB ordinary shares and 1,719,045,680 shares are overseas listed foreign shares. The RMB ordinary shares issued by the Company are centrally deposited under China Securities Depository and Clearing Corporation Limited, Shanghai Branch. The overseas-listed foreign shares issued by the Company are primarily held in custody in the central securities depository under Hong Kong Securities Clearing Company Limited, and such shares may also be held in the names of the shareholders.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Articles 19 and 21 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
–	Article 24 The Company or its subsidiaries (including	Amendment is made in accordance
	its affiliates) shall not provide financial assistance,	with the relevant requirements
	such as gift, advance, guarantee, borrowing, to others	of relevant laws, regulations and
	to acquire the shares of the Company or its parent	normative documents such as
	company, except where the Company implements the	Article 22 of the currently effective
	employee shareholding scheme.	Guidelines for the Articles of
		Association of Listed Companies of
	For the interests of the Company, upon a resolution	the CSRC, and taking into account
	at the general meeting or the Board makes a	the actual situation of the Company.
	resolution pursuant to the Articles of Association
	or the authorization of the general meeting, the
	Company may provide financial assistance to
	others to acquire the shares of the Company or its
	parent company, provided that the cumulative total
	amount of financial assistance shall not exceed 10%
	of the total issued share capital. Resolutions of the
	Board shall be passed by more than two-thirds of all
	directors.

Original articles	Amended articles	Basis of amendment
Article 23 The shares issued by the Company to	–	Due to the abolishment of relevant
domestic investors and other qualified investors to be		requirements such as the Notice on
subscribed for in RMB shall be referred to as "domestic		Implementation of the Mandatory
shares". The shares issued by the Company to overseas		Provisions of Articles of Association
investors to be subscribed for in the currency approved		of Companies that List Overseas,
by securities regulatory authorities of the State Council		amendment is made in accordance
and the listing place shall be referred to as "foreign		with the relevant requirements
shares". The foreign shares that are listed overseas shall		of relevant laws, regulations and
be referred to as "overseas listed foreign shares".		normative documents such as the
		currently effective Guidelines for
The foreign shares issued by the Company that are listed		the Articles of Association of Listed
on the Hong Kong Stock Exchange shall be referred to as		Companies of the CSRC, and taking
"H Shares". H Shares are shares that have been permitted		into account the actual situation of
to list on the Hong Kong Stock Exchange, with par		the Company.
values denominated in RMB, and are subscribed for and
traded in the currency approved by securities regulatory
authorities of the State Council and the listing place.

Subject to the approval of the securities regulatory
authorities of the State Council, the holders of domestic
shares of the Company may transfer the shares held
by them to the overseas investors and such shares may
be listed on or traded in the overseas stock exchange.
The transferred shares listed on or traded in an overseas
stock exchange shall also comply with the regulatory
procedures, rules and requirements of the relevant
overseas securities markets. The trading of such shares
on an overseas stock exchange is not subject to the
approval of the class meeting of the shareholders.

Original articles	Amended articles	Basis of amendment
Article 24 After the plan of the Company for the offering of overseas listed foreign shares and domestic shares has been approved by the securities regulatory authorities of the State Council, the Board may arrange for implementation of such plan by means of separate issues. The plan of the Company for the offering of overseas listed foreign shares and domestic shares in accordance with the preceding paragraph may be implemented separately within 15 months from the date of the approval of the securities regulatory authorities of the State Council.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 25 If the Company offers overseas listed foreign shares and domestic shares within the total number of shares specified in the offer plan, each such offering shall be fully subscribed for in one time, or if any special circumstances make it impossible for each such offering to be fully subscribed for in one time, the shares may be offered in installments, subject to the approval of the securities regulatory authorities of the State Council.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 26 The equity shares held or controlled by the Company's Directors, Supervisors and senior management officers or staff pursuant to the medium term and long-term incentive plans shall be subject to the approval at the general meeting of the Company and shall be approved by or filed with the CSRC or its delegated authorities pursuant to laws.	Article 25 The equity shares held or controlled by the Company's Directors and senior management officers or staff pursuant to the medium-term and long-term incentive plans shall be subject to the approval at the general meeting of the Company and shall be approved by or filed with the CSRC or its delegated authorities pursuant to laws.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 27 Based on its operation and development	Article 26 Based on its operation and development	Due to the abolishment of relevant
requirements, in accordance with the relevant laws and	requirements, in accordance with the relevant laws and	requirements such as the Notice on
regulations, and subject to the resolution at the general	regulations, and subject to the resolution at the general	Implementation of the Mandatory
meeting, the Company may increase its share capital by	meeting, the Company may increase its share capital by	Provisions of Articles of Association
any of the following methods:	any of the following methods:	of Companies that List Overseas,
		amendment is made in accordance
(1) a public offering of shares;	(1) issue of shares to non-specific objects;	with the relevant requirements
		of relevant laws, regulations and
(2) a private placement of shares;	(2) issue of shares to specific objects;	normative documents such as
		Article 23 of the currently effective
(3) allotment of new shares to existing shareholders;	(3) bonus issue to existing shareholders;	Guidelines for the Articles of
		Association of Listed Companies of
(4) bonus issue to existing shareholders;	(4) conversion of funds in the capital common reserve to	the CSRC, and taking into account
	share capital; or	the actual situation of the Company.
(5) conversion of funds in the capital common reserve to
share capital; or	(5) any other means stipulated by laws, administrative
	regulations and the CSRC.
(6) any other means permitted by laws and administrative
regulations or approved by the relevant regulatory	If the Company is to increase its capital by an offering of
authorities.	new shares, it shall do so by the procedure provided for
	in relevant state laws and administrative regulations after
If the Company is to increase its capital by an offering of	such increase has been approved in accordance with the
new shares, it shall do so by the procedure provided for	Articles of Association.
in relevant state laws and administrative regulations after
such increase has been approved in accordance with the
Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 28 The Company may reduce its registered capital. The reduction of registered capital shall be made in accordance with the Company Law and other relevant regulations as well as procedures stipulated in the Articles of Association. The Company shall prepare a balance sheet and a list of its property when decreasing its registered capital. The Company shall notify all its creditors within 10 days following the resolution approving to decrease the registered capital and shall publish the same in newspaper within 30 days. The creditors shall be entitled to require the Company to pay their debts or provide corresponding securities for repayment within 30 days of receiving the written notice, or within 45 days of the date of the public announcement for those who have not received the written notice. The Company's registered capital shall not, upon the decrease of capital, fall below the statutory minimum.	Article 27 The Company may reduce its registered capital. The reduction of registered capital shall be made in accordance with the Company Law and other relevant regulations as well as procedures stipulated in the Articles of Association.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 24 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 29 The Company shall not buy back its shares, except in one of the following circumstances: (1) cancellation of shares in order to reduce of its registered capital; (2) mergers with other companies holding shares of the Company; (3) use of shares in the employee shareholding scheme and equity incentive; (4) shareholders who object to resolutions of the general meeting on merger or division of the Company requesting the Company to buy back their shares; (5) use of shares for conversion into stocks of company issued convertible corporate bonds; (6) when it is necessary for the Company to preserve its value and shareholders' interest.	Article 28 The Company shall not buy back its shares, except in one of the following circumstances: (1) cancellation of shares in order to reduce of its registered capital; (2) mergers with other companies holding shares of the Company; (3) use of shares in the employee shareholding scheme and equity incentive; (4) shareholders who object to resolutions of the general meeting on merger or division of the Company requesting the Company to buy back their shares; (5) use of shares for conversion into stocks of company issued convertible corporate bonds; (6) when it is necessary for the Company to preserve its value and shareholders' interest.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 25 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 30 The Company may redeem its issued shares	Article 29 The Company may redeem its issued shares	Due to the abolishment of relevant
by any of the following ways:	by an open and centralized trading method or	requirements such as the Notice on
	other forms approved under laws, administrative	Implementation of the Mandatory
(1) offering to buy back shares to all shareholders on a	regulations and by the CSRC.	Provisions of Articles of Association
pro rata basis;		of Companies that List Overseas,
	The purchase by the Company of its own shares for	amendment is made in accordance
(2) buying back through open transaction on the stock	circumstances provided in items (3), (5) and (6) of	with the relevant requirements
exchange;	Article 28 of the Articles of Association shall be done by	of relevant laws, regulations and
	an open and centralized trading method.	normative documents such as
(3) buying back through agreement outside the stock		Article 26 of the currently effective
exchange;		Guidelines for the Articles of
		Association of Listed Companies of
(4) other forms approved under laws, administrative		the CSRC, and taking into account
regulations and by relevant competent authorities.		the actual situation of the Company.

The purchase by the Company of its own shares for
circumstances provided in items (3), (5) and (6) of
Article 29 of the Articles of Association shall be done by
an open and centralized trading method.

Original articles	Amended articles	Basis of amendment
Article 31 The purchase by the Company of its own	Article 30 The purchase by the Company of its own	Due to the abolishment of relevant
shares for circumstances provided in items (1) to (2) of	shares for circumstances provided in items (1) and (2)	requirements such as the Notice on
Article 29 of the Articles of Association shall require a	of Article 28 of the Articles of Association shall require	Implementation of the Mandatory
resolution of the general meeting; the purchase by the	a resolution of the general meeting; the purchase by the	Provisions of Articles of Association
Company of its own shares for circumstances provided	Company of its own shares for circumstances provided	of Companies that List Overseas,
in items (3), (5) and (6) of Article 29 of the Articles	in items (3), (5) and (6) of Article 28 of the Articles	amendment is made in accordance
of Association shall be approved by a board meeting	of Association may be approved by a board meeting	with the relevant requirements
attended by more than two-thirds of the Directors.	attended by more than two-thirds of the Directors in	of relevant laws, regulations and
	accordance with the provisions of the Articles of	normative documents such as
After the Company buying back the shares pursuant	Association or the authorization of the general	Article 27 of the currently effective
to the provisions of Article 29 of the Articles of	meeting.	Guidelines for the Articles of
Association, such shares shall be cancelled within 10		Association of Listed Companies of
days from the date of buyback under the circumstance	After the Company buying back the shares pursuant	the CSRC, and taking into account
as described in Article 29(1); such shares shall be either	to the provisions of Article 28 of the Articles of	the actual situation of the Company.
transferred or cancelled within six months if it is under	Association, such shares shall be cancelled within 10
the circumstances as described in Articles 29(2) and (4).	days from the date of buyback under the circumstance
	as described in Article 28(1); such shares shall be either
The Company buys back its own shares in accordance	transferred or cancelled within six months if it is under
with items (3), (5) and (6) of Article 29 of the Articles	the circumstances as described in Articles 28(2) and
of Association. The aggregate number of shares it holds	(4); the aggregate number of shares the Company holds
will not exceed 10% of the entire issued shares of the	shall not exceed 10% of the total issued shares of the
Company and shall be transferred or cancelled within	Company and shall be transferred or cancelled within
three years.	three years under the circumstance as described in
	Articles 28(3), (5) and (6).
Upon the cancellation of the portion of shares bought
back, the Company shall apply to the original
company registration authority for the registration
of the change in registered capital. The amount of the
Company's registered capital shall be reduced by the
total par value of the cancelled shares.

Original articles	Amended articles	Basis of amendment
Article 32 When buying back shares through agreement	–	Due to the abolishment of relevant
outside the stock exchange, the Company shall obtain		requirements such as the Notice on
prior approval at general meetings in accordance with the		Implementation of the Mandatory
Articles of Association. Upon obtaining prior approval		Provisions of Articles of Association
of the shareholders at the general meeting in the same		of Companies that List Overseas,
manner, the Company may terminate or amend contracts		amendment is made in accordance
concluded in the manner set forth above or waive any of		with the relevant requirements
its rights under such contracts.		of relevant laws, regulations and
		normative documents such as the
For the purpose of the preceding paragraph, contracts		currently effective Guidelines for
for the buyback of shares shall include but not limited to		the Articles of Association of Listed
agreements whereby buyback obligations are undertaken		Companies of the CSRC, and taking
and buyback rights are acquired.		into account the actual situation of
		the Company.
The Company shall not transfer a contract for the
repurchase of its own shares or any of its rights
thereunder.

In respect of the redeemable shares that the Company
has the right to buy back, if the buyback is to make in a
manner other than through the market or by tender, the
price must be limited in a maximum price; if the buyback
is to be made by tender, such offer shall be made
available to all shareholders equally on the same terms.

Original articles	Amended articles	Basis of amendment
Article 33 Unless the Company has entered into the	–	Due to the abolishment of relevant
liquidation stage, it must comply with the following		requirements such as the Notice on
provisions in buying back its outstanding shares:		Implementation of the Mandatory
		Provisions of Articles of Association
(1) where the Company buys back shares at the par		of Companies that List Overseas,
value, the payment shall be deducted from the book		amendment is made in accordance
balance of distributable profits and/or from the proceeds		with the relevant requirements
of a new share offer made to buy back the old shares;		of relevant laws, regulations and
		normative documents such as the
(2) where the Company buys back its shares at a price		currently effective Guidelines for
higher than their par value, the portion corresponding to		the Articles of Association of Listed
the par value shall be deducted from the book balance of		Companies of the CSRC, and taking
the distributable profits of the Company and/or from the		into account the actual situation of
proceeds of a new share offer made to buy back the old		the Company.
shares; and the portion in excess of the par value shall be
handled according to the following methods:

1. where the shares bought back were issued at the par
value, the remaining payment shall be deducted from the
book balance of distributable profits of the Company;
and

2. where the shares bought back were issued at a price
higher than their par value, the remaining payment shall
be deducted from the book balance of the distributable
profits of the Company and/or from the proceeds of
a new share offer made to buy back the old shares;
provided that the remaining payment deducted from
the proceeds of the new issue of shares shall not exceed
the total premiums obtained at the time of issuance of
the old shares nor exceed the amount in the Company's
premium account (including the premium from the new
share offer) at the time of buyback;

Original articles	Amended articles	Basis of amendment
(3) payments by the Company for the following purposes shall be made out of the Company's distributable profits:
1. acquisition of the right to buy back its own shares;
2. amendments to any contract for the buyback of its own shares; and
3. release from any of its obligations under any buyback contract;
(4) after the aggregate par value of the cancelled shares has been deducted from the registered capital of the Company in accordance with relevant regulations, that portion of the amount deducted from the distributable profits and used to buy back shares at the par value of the bought back shares shall be included in the Company's capital reserve account.
Where the laws, regulations, rules, normative documents and relevant provisions of the securities regulatory authorities at the place where the Company's shares are listed have any other provisions in respect of the financial arrangement relating to the aforesaid share buyback, such provisions shall prevail.
Article 34 Save as otherwise specified by the state laws, administrative regulations, and relevant provisions of the securities regulatory authorities at the place where the Company's shares are listed, shares of the Company may be transferred freely and without any liens. Transfer of overseas listed foreign shares listed in Hong Kong shall be registered with the Hong Kong-based share registrar designated by the Company.	Article 31 The shares of the Company shall be transferred in accordance with laws.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 28 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 35 All the overseas listed foreign shares listed on the Hong Kong Stock Exchange for which the share capital has been paid in full may be transferred freely in accordance with the Articles of Association. However, the Board may refuse to recognize any instrument of transfer without stating any reason unless the following conditions are satisfied:	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements
(1) payment as required by the Hong Kong Listing Rules has been made to the Company for the purpose of registering the instrument of transfer and other documents relating to or which may affect the title to the shares; such payment shall not exceed the maximum amount stipulated by the Hong Kong Listing Rules from time to time;		of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(2) the instrument of transfer only involves the overseas listed foreign shares listed on the Hong Kong Stock Exchange;
(3) the stamp duty required by the laws of Hong Kong for the instrument of transfer has been paid;
(4) the relevant share certificates and evidence reasonably required by the Board showing that the transferor has the right to transfer such shares have been provided;
(5) if the shares are to be transferred to joint holders, the number of joint shareholders registered shall not exceed four;
(6) the relevant shares are free from all liens of any company.
Where the Board refuses to register the transfer of shares, the Company shall deliver a notice to the transferor and transferee, informing them of such refusal of the registration of share transfer, within two months from the date on which the application for the transfer of shares is officially filed.

Original articles	Amended articles	Basis of amendment
Article 37 The Company shall not accept its own shares as the subject matter of a pledge.	Article 33 The Company shall not accept its own shares as the subject matter of a pledge.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 29 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 38 The shares of the Company held by the promoters shall not be transferred within one year from the date of the incorporation of the Company. Shares already issued by the Company before the public offering shall not be transferred within one year from the date of the shares of the Company are listed on a stock exchange. The Directors, Supervisors and senior management officers of the Company shall report to the Company their shareholdings and changes thereof and shall not transfer more than 25% of their shares per annum during their terms of office (unless otherwise caused by enforcement of law or by inheritance, bequest or lawful division of property); the shares they hold in the Company shall not be transferred within one year from the date that the shares of the Company are listed. The aforesaid persons shall not transfer their shares in the Company within half a year after they terminate service with the Company.	Article 34 Shares already issued by the Company before the public offering shall not be transferred within one year from the date of the shares of the Company are listed on a stock exchange. The Directors and senior management officers of the Company shall report to the Company their shareholdings and changes thereof and shall not transfer more than 25% of their shares of the same class per annum during their terms of office as determined when they took office (unless otherwise caused by enforcement of law or by inheritance, bequest or lawful division of property); the shares they hold in the Company shall not be transferred within one year from the date that the shares of the Company are listed. The aforesaid persons shall not transfer their shares in the Company within half a year after they terminate service with the Company.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 30 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC and Article 15 of the Shanghai Stock Exchange's Guidelines for Self-regulation of Listed Companies No. 15 — Reduction of Shareholdings by Shareholders, Directors and Senior Management, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 39 If the Company's shareholders holding 5% or above shares of the Company, Directors, Supervisors, senior management officers sell shares or other securities with an equity nature within six months after buying the same or buy shares or securities within six months after selling the same, the earnings arising there from shall belong to the Company and the Board shall recover such earnings. However, the restriction shall not be applicable to any sale of shares by a securities company holding 5% or above of the Company's shares as a result of its purchase and underwriting of the untaken shares after offering and other circumstances stipulated by the securities regulatory authorities of the State Council.	Article 35 If the Company's shareholders holding 5% or above shares of the Company, Directors, senior management officers sell shares or other securities with an equity nature within six months after buying the same or buy shares or securities within six months after selling the same, the earnings arising there from shall belong to the Company and the Board shall recover such earnings. However, the restriction shall not be applicable to any sale of shares by a securities company holding 5% or above of the Company's shares as a result of its purchase and underwriting of the untaken shares after offering and other circumstances stipulated by the securities regulatory authorities of the State Council.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 31 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
The shares or other securities with an equity nature held by Directors, Supervisors, senior management officers and natural person shareholders referred to in the preceding paragraph include the shares or other securities with an equity nature held by their spouses, parents, children, and any of the above which is held by using others' accounts.	The shares or other securities with an equity nature held by Directors, senior management officers and natural person shareholders referred to in the preceding paragraph include the shares or other securities with an equity nature held by their spouses, parents, children, and any of the above which is held by using others' accounts.
If the Company's Board does not comply with the provision of the first paragraph, the shareholders can request the Board to do so within 30 days. If the Board does not enforce such right within the aforesaid period, the shareholders are entitled to commence litigations in the people's court in their own names for the interests of the Company.	If the Company's Board does not comply with the provision of the first paragraph of this Article, the shareholders can request the Board to do so within 30 days. If the Board does not enforce such right within the aforesaid period, the shareholders are entitled to commence litigations in the people's court in their own names for the interests of the Company.
If the Company's Board does not enforce the provision of the first paragraph of this Article, the responsible Directors shall assume jointly and severally liable in accordance with the laws.	If the Company's Board does not enforce the provision of the first paragraph of this Article, the responsible Directors shall assume joint and severally liable in accordance with the laws.

Original articles	Amended articles	Basis of amendment
Article 41 Where approval by the CSRC is required according to law, shareholders of the Company shall continue to exercise their voting rights independently according to the proportion of their shareholdings prior to the approval. The equity transferer shall not recommend the relevant personnel of the equity transferee to serve as directors, supervisors and senior management of the Company, or transfer the voting rights in any disguised form.	Article 37 Where approval by the CSRC is required according to law, shareholders of the Company shall continue to exercise their voting rights independently according to the proportion of their shareholdings prior to the approval. The equity transferer shall not recommend the relevant personnel of the equity transferee to serve as directors and senior management of the Company, or transfer the voting rights in any disguised form.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 45 Shareholders of the Company and their controlling shareholders and actual controllers shall not: (I) make false and discrepant capital contribution to the Company, withdraw capital contribution or withdraw capital contribution to the Company in a disguised form; (II) intervene in the business and management of the Company in violation of laws, administrative	Article 41 Shareholders of the Company and their controlling shareholders and actual controllers shall not: (I) make false and discrepant capital contribution to the Company, withdraw capital contribution or withdraw capital contribution to the Company in a disguised form; (II) intervene in the business and management of the Company in violation of laws, administrative	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
regulations and requirements stipulated by the Articles of Association; (III) abuse their right or influence, occupy the assets of the Company or clients to carry out benefits transmission, which infringes the legitimate rights and interests of the Company, other shareholders or clients;	regulations and requirements stipulated by the Articles of Association; (III) abuse their right or influence, occupy the assets of the Company or clients to carry out benefits transmission, which infringes the legitimate rights and interests of the Company, other shareholders or clients;
(IV) illegally require the Company to provide financing or guarantee for them or their related parties, or force, instruct, assist or accept the Company to provide financing or guarantee with the assets of its securities brokerage clients or securities asset management clients; (V) conduct improper related party transactions with	(IV) illegally require the Company to provide financing or guarantee for them or their related parties, or force, instruct, assist or accept the Company to provide financing or guarantee with the assets of its securities brokerage clients or securities asset management clients; (V) conduct improper related party transactions with
the Company and obtain improper benefits with their influence on the Company's management; (VI) entrust others or accept any entrustment from others to hold or manage the Company's equity without approval, and accept or transfer the control over the Company's equity in disguise;	the Company and obtain improper benefits with their influence on the Company's management; (VI) entrust others or accept any entrustment from others to hold or manage the Company's equity without approval, and accept or transfer the control over the Company's equity in disguise;

Original articles	Amended articles	Basis of amendment
(VII) other actions prohibited by the CSRC.	(VII) other actions prohibited by the CSRC.
The Company, its directors, supervisors, senior management and other relevant entities shall not cooperate with the shareholders of the Company and their controlling shareholders and actual controllers in the above situations.	The Company, its directors, senior management and other relevant entities shall not cooperate with the shareholders of the Company and their controlling shareholders and actual controllers in the above situations.
If the Company finds out that the shareholders and their controlling shareholders and actual controllers have the above-mentioned acts, it should take timely measures to prevent the violations from intensifying, and report to the local office of the CSRC within 2 working days.	If the Company finds out that the shareholders and their controlling shareholders and actual controllers have the above-mentioned acts, it should take timely measures to prevent the violations from intensifying, and report to the local office of the CSRC within 2 working days.
Section 5 Financial Assistance for Purchase of Company Shares	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 47 The Company or its subsidiaries shall not at any time or in any form provide any financial assistance to purchasers or prospective purchasers of the Company's shares. The aforesaid purchasers include persons directly or indirectly undertake obligations as a result of purchasing the Company's shares. The Company or its subsidiaries shall not at any time or in any form provide any financial assistance to the aforesaid obligors for the purpose of reducing or releasing their obligations. The provisions of this Article shall not apply to the circumstances described in Article 49 of the Articles of Association.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 48 For the purposes of this chapter, the term	–	Due to the abolishment of relevant
"financial assistance" mentioned in the Articles of		requirements such as the Notice on
Association shall include (but not limited to) the financial		Implementation of the Mandatory
assistance in the forms set out below:		Provisions of Articles of Association
		of Companies that List Overseas,
(1) any gift;		amendment is made in accordance
		with the relevant requirements
(2) any guarantee (including the undertaking of liability		of relevant laws, regulations and
or provisions of property by the guarantor in order		normative documents such as the
to secure the performance of the obligation by the		currently effective Guidelines for
obligator), indemnity (not including, however, indemnity		the Articles of Association of Listed
arising from the Company's own fault) or release or		Companies of the CSRC, and taking
waiver of any of the rights;		into account the actual situation of
		the Company.
(3) provision of any loan or conclusion of any other
contract under which the Company has to perform its
obligations prior to the obligations of the other party
to the contract, or the amendment to, or the transfer of
rights under such loan or contract;

(4) financial assistance in any other form when the
Company is insolvent or has no net assets or when such
assistance would lead to a significant reduction in the
Company's net assets.

For the purposes of this Article, the term "undertake
obligations" shall include the undertaking of an
obligation by the obligor by concluding a contract or
making an arrangement or by changing its financial
position in any other way, whether or not such contract
or arrangement is enforceable and whether or not such
obligation is assumed by the obligor individually or
jointly with any other person.

Original articles	Amended articles	Basis of amendment
Article 49 The acts listed below shall not be regarded	–	Due to the abolishment of relevant
as the acts prohibited under Article 47 of the Articles of		requirements such as the Notice on
Association:		Implementation of the Mandatory
		Provisions of Articles of Association
(1) the financial support is given genuinely in the		of Companies that List Overseas,
interests of the Company, and the main purpose of the		amendment is made in accordance
financial assistance is not the purchase of shares of the		with the relevant requirements
Company, or the financial assistance is an incidental part		of relevant laws, regulations and
of some overall plan of the Company;		normative documents such as the
		currently effective Guidelines for
(2) the Company distributes its property in form of		the Articles of Association of Listed
dividends in accordance with law;		Companies of the CSRC, and taking
		into account the actual situation of
(3) the Company distributes its dividends in the form of		the Company.
shares;

(4) the Company reduces its registered capital,
repurchases its outstanding shares, or adjusts its
shareholding structure in accordance with the Articles of
Association;

(5) the Company provides loan within its scope of
business and in the ordinary course of its business
(provided that it shall not reduce the net assets of the
Company, or if although it constitutes a reduction, the
financial assistance shall be paid out of the distributable
profit of the Company); and

(6) the Company provides money to its employee
shareholding scheme (provided that the same shall not
reduce the net assets of the Company, or if although it
constitutes a reduction, the financial assistance shall be
paid out of the distributable profit of the Company).

Original articles	Amended articles	Basis of amendment
Section 6 Share Certificates and Register of Shareholders	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 50 The share certificates of the Company shall be registered, and shall clearly state the following information: (1) the name of the Company; (2) the date on which the Company was established; (3) the class of shares, par value and the number of shares represented by the share certificate; (4) the serial numbers of the shares certificate; (5) other information to be recorded on the share certificate as required by the Company Law and the securities regulatory authorities in the place where the Company's shares are listed;	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(6) where shares without voting rights are included in the share capital of the Company, the name of such shares shall carry the tag "non-voting"; and (7) where shares with different voting rights are included in the share capital of the Company, the name of each class of the shares (excluding shares with most preferred voting rights) shall carry the tag "restricted voting" or "limited voting". The overseas listed foreign shares issued by the Company may take the form of certificate of deposit or other derivative forms of stock pursuant to the local laws or the local practices of securities registration and deposit.

Original articles	Amended articles	Basis of amendment
Article 51 During the listing of the H shares in Hong Kong, the Company shall ensure that the following statements are enclosed in the H share documents and shall instruct and procure its share registrar to reject the registration of the subscription, purchase or transfer of shares in the name of any individual holder unless and until the individual holder submits the properly signed form relating to such shares to the share registrar and the form shall include the following statements: (1) the share purchaser, the Company and each of the shareholders, and the Company and each of the shareholders agree to observe and comply with the requirements of the Company Law, Special Provisions and other relevant laws, administrative regulations, and the Articles of Association.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(2) the purchaser of the shares agrees with the Company and each of the shareholders, Directors, Supervisors and senior management officers of the Company, and the Company, acting on behalf of itself and each of Directors, Supervisors and senior management officers of the Company, agrees with each of the shareholders that, they will refer to the arbitration for settling all disputes and claims arising from the Articles of Association, or of rights in relation to the Company's affairs arising from any rights or obligations under the Company Law or other relevant laws and administrative regulations in accordance with the provisions of the Articles of Association, and any reference to arbitration shall be deemed as the authorization to the arbitration tribunal to conduct an open hearing and to publish its arbitration award. Such arbitration shall be final and conclusive.
(3) the purchaser of the shares agrees with the Company and each of the shareholders of the Company that the shares of the Company may be freely transferred by the holders. (4) the purchaser of the shares authorizes the Company to enter into a contract on his or her behalf with each of the Directors and senior management officers, pursuant to which the Directors and senior management officers would undertake to observe and perform their duties responsible to the shareholders under the Articles of

Original articles	Amended articles	Basis of amendment
Article 52 The share certificates shall be signed by the Chairman. Where the signatures of senior management officers of the Company are required by the securities regulatory authorities or the stock exchange(s) in the place where the Company's shares are listed, the share certificates shall also be signed by senior management officers. The share certificates shall become effective after the Company seal is affixed thereto or imprinted thereon. The affixing of the Company's seal on the share certificates shall require the authorization of the Board. The signature of the Chairman or senior management officers on the share certificates may also be in printed form. In the circumstance of paperless issuance and trading of the shares of the Company, provisions provided by the securities regulatory authorities or the stock exchange(s) in the place where the Company's shares are listed shall apply.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 53 The Company shall maintain a shareholders' register in which the following particulars shall be recorded: (1) names (companies' names), addresses or domicile, occupations or nature of each shareholder;	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements
(2) the class and number of shares held by the shareholders; (3) amount paid or payable for the shares held by the shareholders; (4) serial numbers of the shares certificate held by each		of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
shareholder; (5) date on which each shareholder is registered as a shareholder;
(6) date on which each shareholder ceases to be a shareholder.
Unless there is evidence to the contrary, the register of shareholders shall be sufficient evidence of a shareholder's shareholding in the Company.

Original articles	Amended articles	Basis of amendment
Article 54 The Company may, pursuant to any understanding or agreement reached between the securities regulatory authorities of the State Council and a foreign country, keep its register of holders of overseas listed foreign shares outside the PRC, and authorize a foreign agency to manage the same. The original of the register of holders for foreign shares listed in the Hong Kong Stock Exchange shall be stored in Hong Kong. The Company shall keep the duplicate of the register of holders for the overseas listed foreign shares at the domicile of the Company, and the foreign agency as authorized by the Company shall ensure the consistency between the original and the duplicate of the register of holders for the overseas listed foreign shares at all times. If there is any inconsistency between the original and the duplicate of the register of holders for the overseas listed foreign shares, the original shall prevail.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 55 The Company shall have a complete register of shareholders, which shall comprise the following parts: (1) a register kept at the Company's domicile, other than that specified in sub-paragraphs (2) and (3) of this paragraph; (2) the register of holders for the overseas listed foreign shares, kept in the place of the overseas stock exchange where the shares are listed; and (3) a register of holders kept at such other places as the Board may consider necessary for listing of the Company's shares.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 56 The various parts of the register of shareholders shall not overlap. The transfer of any shares registered in a certain part of the register of shareholders shall not, during the continuance of the registration of such shares, be registered in any other part of the register. Changes to and corrections of each part of the register of shareholders shall be carried out in accordance with the laws of its suits.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 57 Provisions prescribed by the laws, regulations, relevant regulatory authorities and stock exchanges where the shares of the Company are listed on the period of closure of register of members before the shareholders' general meeting or the benchmark date of the Company's decision to distribute dividends shall prevail.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 58 Any person that challenges the register of shareholders and requests that his or her name be entered into or removed from the register may apply to a court of competent jurisdiction for rectification of the register.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 59 Any person that is a registered shareholder in, or any person who requests that his or her name be entered into the register of shareholders may, if his or her share certificate (the "original share certificate") is stolen, lost or damaged, apply to the Company for issuance of a replacement certificate in respect of such shares (the "relevant shares").	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and
Applications for the replacement of share certificates from holders of domestic shares who had their certificates stolen, lost or damaged, shall be handled in accordance with the relevant provisions of the Company Law.		normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Applications for the replacement of share certificates from holders of overseas listed foreign shares who had their certificates stolen, lost or damaged, shall be handled in accordance with the law at the place where the original register of holders for the overseas listed foreign shares is kept, the rules of the stock exchange, or other relevant rules.
Where a shareholder of the overseas listed foreign shares of the Company requests the Company to issue of a replacement certificate that has been stolen, misplaced or destroyed, such replacement shall comply with the following requirements:
(1) the applicant shall submit to the Company an application in a standard form specified by the Company, together with a notarial certificate or statutory declaration. The notarial certificate shall state the reason for the application, the circumstances and evidence of the loss of the share certificate and a declaration that no other person may request registration as a shareholder in respect of the relevant shares.
(2) the Company shall not have received any declaration from any person other than the applicant requiring his or her name to be entered into the register of shareholders in respect of the relevant shares before it decides to issue a replacement share certificate.

Original articles	Amended articles	Basis of amendment
(3) if the Company decides to issue a replacement share certificate, it shall publish a notice of its intention to do so in a newspaper designated by the Board; the period of the public announcement shall be 90 days, during which
its publication shall be repeated at least once every 30 days.
(4) the Company shall, prior to publishing the public announcement of its intention to issue a replacement share certificate, deliver a duplicate of the announcement to the stock exchange on which its shares are listed,
and may proceed with the publication after having received a reply from the stock exchange confirming that the announcement has been displayed on the stock
exchange; the announcement shall be displayed in the stock exchange for a period of 90 days.
Where the consent of the shareholder registered in the register of shareholders with respect to the relevant shares is not obtained for the application for issue a replacement share certificate, the Company shall mail to such shareholder a copy of the public announcement that it intends to publish.
(5) if, upon expiration of the 90-day period referred to in items (3) and (4) hereof, the Company has not received any objection to the issuance of a replacement share certificate from any person, it may issue a replacement share certificate in accordance with the application of the applicant.
(6) when the Company issues a replacement share certificate pursuant to this Article, it shall immediately cancel the original share certificate and record such cancellation and the issuance of the replacement share certificate in the register of shareholders.
(7) all expenses of the Company for the cancellation of the original share certificate and issuance of a replacement share certificate shall be borne by the applicant. The Company has the right to refuse to take any action until a reasonable security for such cost is provided by the applicant.

Original articles	Amended articles	Basis of amendment
Article 60 After the Company issuing a replacement share certificate pursuant to the Articles of Association, the name of a bona fide purchaser of the share certificate, or the name of any shareholder who is subsequently registered in the register of shareholders as the owner of the relevant shares (if he or she is a bona fide purchaser) shall not be removed from register of shareholders.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 61 The Company shall not be liable for any damages sustained by any person as a result of the cancellation of the original share certificate or the issuance of the new share certificate, unless the claimant can prove fraud on the part of the Company. In case of issuing warrants to unregistered holders, no new warrants may be issued in place of the lost ones unless the Company confirms, beyond all reasonable doubts, the original warrants have been destroyed.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
CHAPTER IV SHAREHOLDERS AND THE GENERAL MEETING	CHAPTER IV SHAREHOLDERS AND THE GENERAL MEETING	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 1 Shareholders	Section 1 General Provisions for Shareholders	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 62 The Company shall prepare a register of	Article 43 The Company shall prepare a register of	Due to the abolishment of relevant
shareholders and amend the Articles of Association	shareholders and amend the Articles of Association based	requirements such as the Notice on
based on the evidence provided by share registrars, the	on the evidence provided by securities registration and	Implementation of the Mandatory
approval documents and filing documents of the CSRC	clearing institutions, the approval documents and filing	Provisions of Articles of Association
or its delegated authorities, and conduct the industrial	documents of the CSRC or its delegated authorities,	of Companies that List Overseas,
and commercial registration process according to	and conduct the industrial and commercial registration	amendment is made in accordance
relevant laws. Shareholders of the Company are persons	process according to relevant laws. The register of	with the relevant requirements
lawfully holding shares of the Company, with names	shareholders shall be sufficient evidence to verify	of relevant laws, regulations and
(companies' names) recorded in register of shareholders.	that a shareholder holds shares of the Company.	normative documents such as
A shareholder shall enjoy rights and bear obligations	A shareholder shall enjoy rights and bear obligations	Article 32 of the currently effective
according to the class and quantity of his or her shares.	according to the class and quantity of his or her shares.	Guidelines for the Articles of
Holders of the same class shall enjoy the same rights and	Holders of the same class shall enjoy the same rights and	Association of Listed Companies of
bear the same obligations.	bear the same obligations.	the CSRC, and taking into account
		the actual situation of the Company.
Where two or more persons are registered as joint	The Company shall enter into a securities registration
shareholders of any shares, they shall be deemed as	and service agreement with the securities registration
co-owners of such shares, and shall be subject to the	and clearing institutions, make regular inquiry about
following restrictions:	the details of the major shareholders and the changes in
	their shareholding (including the pledge of their equity
(1) the Company may not register more than four	rights) of the major shareholders and timely reflect the
persons as joint shareholders of any shares;	shareholding structure of the Company.

(2) all joint shareholders of any shares shall be jointly
and severally liable for the payment of all amounts
payable for such shares;

(3) if one of the joint shareholders of any shares
passes away, only the surviving joint shareholders
shall be deemed by the Company as the owners
of such shares; provided that for the purpose of
changing the stock ledger, the Board shall have the
right to request an appropriate death certificate; and

Original articles	Amended articles	Basis of amendment
(4) in relation to the joint shareholders of any shares,
only the joint shareholder listed first on the register of
shareholders shall have the right to receive the share
certificate for the relevant shares, receive any notice
of the Company, attend the general meeting and
exercise the voting rights attaching to the relevant
shares; furthermore, any notice served on the said
joint shareholder shall be deemed served on all the
joint shareholders of the relevant shares. Any of the
joint shareholders may sign a proxy form; provided,
however, where the number of the joint shareholders
present in person or by proxy at a meeting is more
than one, the vote cast, in person or by proxy, by the
shareholder whose name appears in prior sequence
shall be regarded as the sole and exclusive vote on
behalf of all the rest joint shareholders. For the
purpose of such voting, the shareholder's priority
shall be determined in accordance with the sequence
of the joint shareholders holding relevant shares as
prescribed in the Company's register of shareholders.

The Company shall guarantee the contents recorded
in the Articles of Association, register of shareholders,
industrial and commercial documents are in line with
the actual situation of the shareholders.
The Company shall enter into a share custody agreement
with the share registrars, make regular inquiry about
the details of the major shareholders and the changes in
their shareholding (including the pledge of their equity
rights) of the major shareholders and timely reflect the
shareholding structure of the Company.

Original articles	Amended articles	Basis of amendment
Article 63 When the Company convenes a general meeting, distributes dividends, commences liquidation proceedings or engages in other activities requiring the identification of shareholders, the Board or the convener of a general meeting shall decide the date of record. The shareholders whose names appear on the register of shareholders at the close of trading on the date of record are entitled to the relevant rights of shareholders.	Article 44 When the Company convenes a general meeting, distributes dividends, commences liquidation proceedings or engages in other activities requiring the identification of shareholders, the Board or the convener of a general meeting shall decide the date of record. The shareholders whose names appear on the register of shareholders at the close of trading on the date of record are entitled to the relevant rights of shareholders.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 33 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 64 The shareholder of ordinary shares in the Company shall enjoy the following rights:	Article 45 The shareholder of the Company shall enjoy the following rights:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory
(1) to receive dividends and other distributions in proportion to the shares they hold;	(1) to receive dividends and other distributions in proportion to the shares they hold;	Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance
(2) to lawfully request, convene, preside over, and attend general meetings either in person or by proxy and exercise the corresponding voting right;	(2) to lawfully request to hold, convene, preside over, and attend general meetings either in person or by proxy and exercise the corresponding voting right;	with the relevant requirements of relevant laws, regulations and normative documents such as Article 34 of the currently effective
(3) to supervise, raise suggestions on or make inquiries about the operations of the Company;	(3) to supervise, raise suggestions on or make inquiries about the operations of the Company;	Guidelines for the Articles of Association of Listed Companies of the CSRC and Rule 20 of Appendix
(4) to transfer, gift or pledge their shares in accordance with laws, administrative regulations, relevant requirements of the securities regulatory authorities in the place where the Company's shares are listed and the Articles of Association;	(4) to transfer, gift or pledge their shares in accordance with laws, administrative regulations, relevant requirements of the securities regulatory authorities in the place where the Company's shares are listed and the Articles of Association;	A1 to the Hong Kong Listing Rules, and taking into account the actual situation of the Company.
(5) to obtain relevant information in accordance with the Articles of Association, including:	(5) to inspect and copy the Articles of Association, register of shareholders (the branch register of members in Hong Kong shall be open for inspection
1. receiving a copy of the Articles of Association after payment of a charge to cover costs;	by members but the Company may be permitted to close the register on terms equivalent to section 632 of the Companies Ordinance of Hong Kong), minutes
2. being entitled, after payment of reasonable charges, to examine and photocopy the following:	of the general meetings, resolutions of meetings of the Board and financial accounting reports; and shareholders who satisfy the requirements
(i) all parts of the register of shareholders';	may inspect the Company's accounting books and accounting vouchers;

Original articles	Amended articles	Basis of amendment
(ii) personal information of Directors, Supervisors and senior management officers of the Company;	(6) upon termination or liquidation of the Company, to participate in the distribution of the remaining property of the Company in proportion to the quantity of shares
(iii) the status of the Company's issued share capital;	held by them;
(iv) a report showing the total par value, quantity, the highest and lowest prices paid for each class of shares repurchased by the Company since the end of last fiscal year, and all the expenses paid by the Company for such repurchase;	(7) to require the Company to buy back their shares in the event of objection to resolutions of the general meetings concerning merger or division of the Company; and
(v) minutes of general meetings;	(8) to enjoy other rights stipulated by laws, administrative regulations, departmental rules or the Articles of Association.
(vi) the latest audited financial statements, and reports from the Board, auditor and the Supervisory Committee;
(vii) the special resolutions of the general meetings and/ or the Board meetings;
(viii) the duplicate of the latest annual report (annual return) submitted to the State Administration for Industry & Commerce or other competent authorities for filing.
(6) upon termination or liquidation of the Company, to participate in the distribution of the remaining property of the Company in proportion to the quantity of shares held by them;
(7) to require the Company to buy back their shares in the event of objection to resolutions of the general meetings concerning merger or division of the Company; and
(8) to enjoy other rights stipulated by laws, administrative regulations, departmental rules or the Articles of Association.
The Company shall not exercise its power to freeze or otherwise impair any right attaching to any shares by reason solely that the person that directly or indirectly holds equity in such shares has failed to disclose his or her interests to the Company.

Original articles	Amended articles	Basis of amendment
Article 65 The shareholder who asks to review the information mentioned in the proceeding Article or make a request for information, he or she shall submit to the Company written documents proving the class and number of the shares that he or she holds in the Company. The Company shall provide the information as requested by the shareholder after authenticating his or her identity.	Article 46 The shareholder who requests to inspect and copy relevant materials of the Company shall abide by the Company Law, the Securities Law and other laws and administrative regulations, and submit to the Company written documents proving the class and number of the shares that he or she holds in the Company. The Company shall provide the information as requested by the shareholder after authenticating his or her identity.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 35 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 66 If a resolution of the general meeting or the Board violates any law or administrative regulation, the shareholder shall have the right to petition a court to invalidate the resolution. If the convening procedure or voting method violates any law, administrative regulation or the Articles of Association, or the contents of a resolution breaches the Articles of Association, the shareholder shall have the right to petition a court to revoke such resolution within 60 days from the date on which the resolution is approved.	Article 47 If a resolution of the general meeting or the Board violates any law or administrative regulation, the shareholder shall have the right to petition a court to invalidate the resolution. If the convening procedure or voting method violates any law, administrative regulation or the Articles of Association, or the contents of a resolution breaches the Articles of Association, the shareholder shall have the right to petition a court to revoke such resolution within 60 days from the date on which the resolution is approved. However, this shall not apply when there are only minor defects in the convening procedures or voting method of the general meeting or meeting of the Board, which do not materially affect the resolution. Where the Board, shareholders and other stakeholders dispute the validity of a resolution of the general meeting, they shall promptly file a lawsuit with the people's court. Before the people's court makes a judgement or ruling such as a revocation of the resolution, the stakeholders shall execute the resolution of the general meeting. The Company, Directors and senior management officer shall perform their duties diligently to ensure the normal operation of the Company. Where the people's court makes a judgement or ruling on a relevant matter, the Company shall fulfil its obligation to disclose the information in accordance with the laws, administrative regulations, requirements of the CSRC and stock exchanges, fully explain the impact, and actively cooperate with the enforcement of the judgement or ruling after it has come into effect. Where corrections to prior events are involved, they will be handled in a timely manner and the corresponding information disclosure obligations will be fulfilled.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 36 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
–	Article 48 Resolutions of the general meeting or	Amendment is made in accordance
	Board meeting of the Company shall not be valid	with the relevant requirements
	under any of the following circumstances:	of relevant laws, regulations and
		normative documents such as
	(1) no general meeting or Board meeting has been	Article 37 of the currently effective
	convened to pass a resolution;	Guidelines for the Articles of
		Association of Listed Companies of
	(2) the resolution is not voted on at the general	the CSRC, and taking into account
	meeting or Board meeting;	the actual situation of the Company.

	(3) the number of persons attending the meeting or
	the number of voting rights held does not reach the
	number of persons or the number of voting rights
	held as provided for in the Company Law or the
	Articles of Association; or

	(4) the number of persons agreeing to the resolution
	or the number of voting rights held does not reach
	the number of persons or the number of voting rights
	held as provided for in the Company Law or the
	Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 67 If the Director or any other senior	Article 49 If the Director or any other senior	Amendment is made in accordance
management officer of the Company violates any law	management officer (other than members of the	with the relevant requirements
or administrative regulation or breaches the Articles	Audit Committee) violates any law or administrative	of relevant laws, regulations and
of Association in performing his or her duties, causing	regulation or breaches the Articles of Association	normative documents such as
losses to the Company, shareholders that holds 1% or	in performing his or her duties, causing losses to	Article 38 of the currently effective
more of the shares in the Company, either individually	the Company, shareholders that holds 1% or more	Guidelines for the Articles of
or collectively, for 180 or more consecutive days shall	of the shares in the Company, either individually or	Association of Listed Companies of
have the right to request the Supervisory Committee	collectively, for 180 or more consecutive days shall	the CSRC, and taking into account
in writing to institute a legal action in a people's court;	have the right to request the Audit Committee in	the actual situation of the Company.
if the Supervisory Committee violates any law or	writing to institute a legal action in a people's court; if
administrative regulation or breaches the Articles of	a member of the Audit Committee violates any law
Association in performing its duties, causing losses to the	or administrative regulation or breaches the Articles of
Company, such shareholders may request the Board in	Association in performing his or her duties, causing
writing to institute a legal action in a people's court.	losses to the Company, the aforesaid shareholders may
	request the Board in writing to institute a legal action in a
If the Supervisory Committee or the Board refuses to	people's court.
institute a legal action upon receipt of the written request
from the shareholders, or fails to do so within 30 days	If the Audit Committee or the Board refuses to institute
from the date of receipt of the written request, or if	a legal action upon receipt of the written request from
the circumstances are urgent and failure to promptly	the shareholders, or fails to do so within 30 days
institute a legal action would cause irreparable harm,	from the date of receipt of the written request, or if
the shareholders mentioned in the preceding paragraph	the circumstances are urgent and failure to promptly
shall have the right to institute a legal action in a	institute a legal action would cause irreparable harm,
people's court in their own names for the interests of the	the shareholders mentioned in the preceding paragraph
Company.	shall have the right to institute a legal action in a
	people's court in their own names for the interests of the
In the event that a third party infringes upon the legal	Company.
rights and interests of the Company, thereby causing the
Company to sustain a loss, the shareholders, as specified	In the event that a third party infringes upon the legal
in the first paragraph of this article, may institute a	rights and interests of the Company, thereby causing the
legal action in a people's court pursuant to the first two	Company to sustain a loss, the shareholders, as specified
paragraphs hereinabove in this Article.	in the first paragraph of this article, may institute a
	legal action in a people's court pursuant to the first two
	paragraphs hereinabove in this Article.

Original articles	Amended articles	Basis of amendment
	If the director, supervisor or any other senior
	management officer of a wholly-owned subsidiary
	of the Company violates any law or administrative
	regulation or breaches the Articles of Association in
	performing his or her duties, causing losses to the
	Company, or in the event that a third party infringes
	upon the legal rights and interests of a wholly
	owned subsidiary of the Company, thereby causing
	the subsidiary to sustain a loss, shareholders that
	holds 1% or more of the shares in the Company,
	either individually or collectively, for 180 or more
	consecutive days may request the supervisory
	committee or board of directors of the wholly-owned
	subsidiary in writing to institute a legal action in a
	people's court or initiate a legal action in a people's
	court in its own name pursuant to the first three
	paragraphs of Article 189 of the Company Law.

	If the Company's wholly-owned subsidiary has
	not established a supervisory committee or any
	supervisor, but established an audit committee,
	the matter shall be dealt with in accordance with
	paragraphs 1 and 2 of this article.

Original articles	Amended articles	Basis of amendment
Article 68 The Company shall establish an effective	Article 50 The Company shall establish an effective	Amendment is made in accordance
communication mechanism with its shareholders and	communication mechanism with its shareholders and	with the relevant requirements
shall protect the shareholders' right of information	shall protect the shareholders' right of information	of relevant laws, regulations and
pursuant to laws.	pursuant to laws.	normative documents such as
		the currently effective Corporate
In any of the following circumstances, the Company	In any of the following circumstances, the Company	Governance Rules for Securities
shall immediately notify all the shareholders in writing,	shall immediately notify all the shareholders in writing,	Companies and the Guidelines for
and report it to the delegated authority of the CSRC	and report it to the delegated authority of the CSRC	the Articles of Association of Listed
where the Company is domiciled:	where the Company is domiciled:	Companies of the CSRC, and taking
		into account the actual situation of
(1) the Company or any of its Directors, Supervisors or	(1) the Company or any of its Directors or senior	the Company.
senior management officers is suspected of committing	management officers is suspected of committing any
any serious breach of any law or regulation;	serious breach of any law or regulation;
(2) the financial position of the Company has	(2) the financial position of the Company has
deteriorated to the extent that the risk control indicators	deteriorated to the extent that the risk control indicators
are incompatible with the criteria set by the CSRC;	are incompatible with the criteria set by the CSRC;

(3) the Company incurs a huge loss;	(3) the Company incurs a huge loss;
(4) the Company proposes to change any of its legal	(4) the Company proposes to change any of its legal
representative, the Chairman, the chairman of the	representative, the Chairman, or the chief person-in
Supervisory Committee, or the chief person-in-charge	charge of the operation and management;
of the operation and management;
	(5) an emergency occurs that materially and adversely
(5) an emergency occurs that materially and adversely	affects or may affect the interests of the Company or its
affects or may affect the interests of the Company or its	clients; and
clients; and
	(6) other matters that may affect the on-going operation
(6) other matters that may affect the on-going operation	of the Company.
of the Company.

Original articles	Amended articles	Basis of amendment
Article 70 The ordinary shareholders of the Company shall have the following obligations:	Article 52 The shareholders of the Company shall have the following obligations:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory
(1) to abide by laws, administrative regulations and the Articles of Association;	(1) to abide by laws, administrative regulations and the Articles of Association;	Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance
(2) to pay capital contribution as per the shares subscribed for and the method of subscription;	(2) to pay monies as per the shares subscribed for and the method of subscription;	with the relevant requirements of relevant laws, regulations and normative documents such as
(3) not to make divestment unless in the circumstances stipulated by laws and regulations;	(3) not to withdraw their share capital unless in the circumstances stipulated by laws and regulations;	Article 40 of the currently effective Guidelines for the Articles of Association of Listed Companies of
(4) to fulfill obligation of capital contribution in strict accordance with the laws and regulations, and the stipulations of the CSRC. The shares of the Company shall be purchased with shareholders' own funds and the funds shall be obtained from legal sources rather than entrusted funds and other funds not owned by themselves, with the exception of situations recognized by the laws and regulations and the CSRC;	(4) to fulfill obligation of capital contribution in strict accordance with the laws and regulations, and the stipulations of the CSRC. The shares of the Company shall be purchased with shareholders' own funds and the funds shall be obtained from legal sources rather than entrusted funds and other funds not owned by themselves, with the exception of situations recognized by the laws and regulations and the CSRC;	the CSRC, and taking into account the actual situation of the Company.
(5) to describe shareholding structure truly, accurately and completely up to the de facto controller, the ultimate equity holder, as well as the affiliation relationship with other shareholders or the relationship with persons acting in concert, and not to evade the approval or supervision in connection with shareholders' qualification by way of concealing or cheating, etc.;	(5) to describe shareholding structure truly, accurately and completely up to the de facto controller, the ultimate equity holder, as well as the affiliation relationship with other shareholders or the relationship with persons acting in concert, and not to evade the approval or supervision in connection with shareholders' qualification by way of concealing or cheating, etc.;
(6) major shareholders and controlling shareholders shall pay supplementary capital to the Company when necessary;	(6) major shareholders and controlling shareholders shall pay supplementary capital to the Company when necessary;
(7) any shareholder who is subject to but has not obtained the approval or has not made due filings with the appropriate regulatory authority, or has not completed mandatory rectification process, is forbidden to exercise such rights of requesting a general meeting of shareholders, voting, nomination, making a proposal, and disposal;	(7) any shareholder who is subject to but has not obtained the approval or has not made due filings with the appropriate regulatory authority, or has not completed mandatory rectification process, is forbidden to exercise such rights of requesting a general meeting of shareholders, voting, nomination, making a proposal, and disposal;

Original articles	Amended articles	Basis of amendment
(9) the shareholder holding 5% or more shares and the de facto controller of the Company shall notify the Company in writing within five business days of any of the following events: 1. equity of the Company it holds or controls is subject to property preservation or other mandatory enforcement measures; 2. any shareholder who holds more than 5% of the shares of the Company changes its de facto controller; 3. he or she decides to transfer the shares of the Company it holds or controls; 4. he or she entrusts another person to exercise his or her shareholder's rights, or reaches an agreement with another person with respect to the exercise of his or her shareholder's rights; 5. he or she changes his or her name; 6. it or he or she engages in any merger or division; 7. he or she is ordered to suspend operation, or is appointed a receiver, or is taken over, subject to revoke or other regulatory measures or in the process of dissolution, bankruptcy or liquidation; 8. he or she is imposed upon administrative penalties or criminal punishments due to serious violation of laws or regulations; 9. he or she encounters any other circumstances that may lead to transfer of the shares he or she holds or controls or that may affect the Company's operation. The Company shall, within five business days from the day on which any of the foregoing events is known, report such to the delegated authority of the CSRC where the Company is domiciled. (If such shareholder is a Recognized Clearing House as defined by the relevant laws and regulations of the location where the Company's shares are listed or a depositary of GDR (the "Depositary"), the provisions of this Article shall not apply to such Recognized Clearing House or the Depositary);	(9) the shareholder holding 5% or more shares and the de facto controller of the Company shall notify the Company in writing within five business days of any of the following events: 1. equity of the Company it holds or controls is subject to property preservation or other mandatory enforcement measures; 2. any shareholder who holds more than 5% of the shares of the Company changes its de facto controller; 3. he or she decides to transfer the shares of the Company it holds or controls; 4. he or she entrusts another person to exercise his or her shareholder's rights, or reaches an agreement with another person with respect to the exercise of his or her shareholder's rights; 5. he or she changes his or her name; 6. it or he or she engages in any merger or division; 7. he or she is ordered to suspend operation, or is appointed a receiver, or is taken over, subject to revoke or other regulatory measures or in the process of dissolution, bankruptcy or liquidation; 8. he or she is imposed upon administrative penalties or criminal punishments due to serious violation of laws or regulations; 9. he or she encounters any other circumstances that may lead to transfer of the shares he or she holds or controls or that may affect the Company's operation. The Company shall, within five business days from the day on which any of the foregoing events is known, report such to the delegated authority of the CSRC where the Company is domiciled. (If such shareholder is a Recognized Clearing House as defined by the relevant laws and regulations of the location where the Company's shares are listed or a depositary of GDR (the "Depositary"), the provisions of this Article shall not apply to such Recognized Clearing House or the Depositary);
(10) to fulfill other obligations as stipulated by laws, administrative regulations and the Articles of Association.	(10) to fulfill other obligations as stipulated by laws, administrative regulations and the Articles of Association.
Shareholders shall not bear any liability for further contribution to share capital other than the conditions agreed to as a subscriber of the relevant shares on subscription, unless otherwise specified herein.

Original articles	Amended articles	Basis of amendment
Article 71 Where a shareholder holding more than 5% of voting shares of the Company pledges any of his or her shares, he or she shall report the same to the Company in writing on the day on which he or she pledges his or her shares. The Company shall, within five business days from the day on which any of the foregoing events is known, report to the delegated authority of the CSRC where the Company is domiciled. Any entity or individual which becomes a major shareholder of the Company or the actual controller of the Company without approval from the securities regulatory authorities of the State Council shall make rectifications within the specified time limit; the corresponding equity will not carry voting rights before such rectification.	Article 53 Where a shareholder holding more than 5% of shares of the Company pledges any of his or her shareholdings in the Company, he or she shall notify the Company within five business days. The Company shall, within five business days from the day on which any of the foregoing circumstances is known, report to the delegated authority of the CSRC where the Company is domiciled. Any entity or individual which becomes a major shareholder of the Company or the actual controller of the Company without approval from the securities regulatory authorities of the State Council shall make rectifications within the specified time limit; the corresponding equity will not carry voting rights before such rectification.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 10 of the currently effective Corporate Governance Rules for Securities Companies of the CSRC, and taking into account the actual situation of the Company.
Article 73 The controlling shareholder(s) or the de facto controller(s) shall not use their controlling positions or abuse their rights to impair the legal interests of the Company, other shareholders of the Company and the clients of the Company. They shall be liable for damages if, as a result of violating a regulation, they cause the Company, other shareholders of the Company and the clients of the Company to sustain a loss. The controlling shareholders and the de facto controllers of the Company bear the fiduciary duty toward the Company and retail shareholders. The controlling shareholder shall exercise his or her rights as an investor in strict compliance with relevant laws. It may not use such means as a profit distribution, assets restructuring, investment in a third party, appropriation of funds, loan security, etc. The controlling shareholders of the Company shall not appoint and dismiss any Director, Supervisor or senior management officer of the Company without the approval of the general meeting and the Board. The shareholders and de facto controllers of the Company may not interfere the operation and management of the Company, by violating any requirement stipulated by laws, administrative regulations or the Articles of Association.	–	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as "Chapter IV Section 2 Controlling S h a r e h o l d e r s a n d D e F a c t o Controllers" of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company, with the addition of a corresponding section titled "Controlling Shareholders and De Facto Controllers".

Original articles	Amended articles	Basis of amendment
Article 74 Save for the obligations imposed by laws and	–	Due to the abolishment of relevant
administrative regulations or required by the listing rules		requirements such as the Notice on
of the stock exchange where the shares of the Company		Implementation of the Mandatory
are listed, the controlling shareholders of the Company		Provisions of Articles of Association
shall not vote, in exercising his or her shareholder		of Companies that List Overseas,
powers, on the following with prejudice to the interests		amendment is made in accordance
of all or part of the shareholders:		with the relevant requirements
		of relevant laws, regulations and
(1) releasing a Director or Supervisor of the responsibility		normative documents such as the
to act honestly in the best interests of the Company;		currently effective Guidelines for
		the Articles of Association of Listed
(2) approving that a Director or Supervisor (for his or her		Companies of the CSRC, and taking
own or another person's benefit) deprive the Company		into account the actual situation of
of its property in any way, including (but not limited to)		the Company.
any opportunities that are advantageous to the Company;
or

(3) approving that a Director or Supervisor (for his
or her own or another person's benefit) deprive other
shareholders of their individual rights or interests,
including but not limited to rights to distributions
and voting rights, but excluding a restructuring of the
Company submitted to the general meeting for adoption
in accordance with the Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 75 The business, institutions, assets, finance	–	Amendment is made in accordance
and place of business of the Company shall be strictly		with the relevant requirements
separated from those of the shareholders, de facto		of relevant laws, regulations and
controllers or other connected persons. The operations		normative documents such as
and accounting shall be independent, and they shall		"Chapter IV Section 2 Controlling
assume the liabilities and risks independently. Staff of		S h a r e h o l d e r s a n d D e F a c t o
the shareholders of the Company who concurrently		Controllers" of the currently
take positions in the Company shall comply with laws,		effective Guidelines for the Articles
administrative regulations and the requirements of the		of Association of Listed Companies
CSRC.		of the CSRC, and taking into
		account the actual situation of
The controlling shareholders and de facto controller of		the Company, with the addition
the Company and their connected persons shall adopt		of a corresponding section titled
effective measures to avoid engaging in competitive		"Controlling Shareholders and De
business with that of the Company. In case of controlling		Facto Controllers".
other securities companies, the Company shall not impair
the interests of the securities companies under its control.

The connected transactions of the shareholders, de facto
controllers of the Company and their connected persons
shall not impair the legal interests of the Company and
its customers.

Appropriation of the Company's funds is strictly
restricted in the operating fund transactions of the
Company with controlling shareholders and other
connected persons. Controlling shareholders and other
connected persons shall not require advance payment
of periodic expenses such as salary, welfare, insurance,
advertisement, etc., to be paid by the Company; nor shall
they undertake each other's cost and other expenditures.

Original articles	Amended articles	Basis of amendment
The Company is not allowed to directly or indirectly provide funds to the controlling shareholders and other connected persons in the following manners:
(1) providing funds of the Company to the controlling shareholders and other connected persons with or without compensation;
(2) providing entrusted loans to controlling shareholders and other connected persons through banks or non banking financial institutions;
(3) entrusting the controlling shareholders or other connected persons to carry out investment activities on its behalf;
(4) issuing bank or trade acceptance bills without a real transaction background for its controlling shareholders and other connected persons;
(5) repaying debts for its controlling shareholders and other connected persons; and
(6) other manners recognized by the CSRC.
The Company shall, after the end of each financial
year, engage the accounting firm with the securities
qualification to conduct a specific audit on any
appropriation and illegal guarantee of the Company's
funds by the controlling shareholder and other connected
persons. Independent Director(s) shall, in case of
disagreement to the audit result, be entitled to propose
to the Board of the Company the engagement of another
accounting firm for re-auditing.

Original articles	Amended articles	Basis of amendment
Once the controlling shareholders and de facto controllers misappropriate the Company's assets and impair interests of the Company and public shareholders, the Board shall immediately apply for judicial freezing of the equity interest of the Company, so that if a compensation in cash is not effected, the misappropriated assets shall be compensated through realization of equity interests, and the controlling shareholders shall assume the responsibilities for making compensation.
In the event that the Directors, Supervisors and senior management officers of the Company violate the requirements in the Articles of Association and assist the controlling shareholder or other connected persons in misappropriating the assets of the Company, the Company will impose penalties, including warning, fine, demotion, removal, dismissal and others, on the person directly in charge, depending on the severity. The Company shall submit the case to the general meeting for dismissing the Directors and Supervisors who assume serious responsibilities. Where it constitutes a criminal offence, it shall be referred to judicial organs.
–	Section 2 Controlling Shareholders and De Facto Controllers	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as "Chapter IV Section 2 Controlling S h a r e h o l d e r s a n d D e F a c t o Controllers" of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company, with the addition of a corresponding section titled "Controlling Shareholders and De Facto Controllers".

Original articles	Amended articles	Basis of amendment
-	Article 55 The controlling shareholders and de facto controllers of the Company shall exercise their rights and fulfil their obligations in accordance with the laws, administrative regulations and the requirements of the CSRC and the stock exchanges, and safeguard the interests of the Company. The provisions under this section shall be applicable to the largest shareholder of the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 42 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
-	Article 56 The controlling shareholders and de facto controllers of the Company shall comply with the following provisions: (1) to exercise their rights as shareholders in accordance with the law and not abuse their control or use their affiliation to prejudice the legitimate interests of the Company or other shareholders; (2) to strictly implement the public statements and undertakings made and shall not change or waive them;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 43 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
	(3) to fulfil information disclosure obligations in strict accordance with the relevant regulations, to proactively cooperate with the Company in information disclosure and to inform the Company in a timely manner of material events that have occurred or are proposed to occur; (4) not to appropriate the Company's funds in any way; (5) not to order, instruct or request the Company and relevant personnel to provide guarantees in violation of laws and regulations;

Original articles	Amended articles	Basis of amendment
	(6) not to make use of the Company's undisclosed material information to gain benefits, not to divulge in any way undisclosed material information relating to the Company, and not to engage in insider trading, short-swing trading, market manipulation and other illegal and unlawful acts;
	(7) not to prejudice the legitimate rights and interests of the Company and other shareholders through unfair related transactions, profit distribution, asset restructuring, external investment or any other means;
	(8) to ensure the integrity of the Company's assets, and the independence of personnel, finance, organisation and business, and not to affect the independence of the Company in any way;
	(9) other provisions prescribed by laws, administrative regulations, the requirements of the CSRC, the business rules of the stock exchanges and the Articles of Association.
	Where a controlling shareholder or de facto controller of the Company does not act as a Director of the Company but actually carries out the affairs of the Company, the provisions of the Articles of Association relating to the duties of loyalty and diligence of Directors shall apply.
	Where a controlling shareholder or de facto controller of the Company instructs a Director or senior management officer to engage in an act that is detrimental to the interests of the Company or the shareholders, he/she shall be jointly and severally liable with such Director or senior management officer.

Original articles	Amended articles	Basis of amendment
-	Article 57 Where a controlling shareholder or de facto controller pledges the shares of the Company that he/she holds or actually controls, he/she shall maintain the stability of the Company's control and production operations.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 44 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
-	Article 58 Where a controlling shareholder or de facto controller transfers the shares of the Company held by him/her, he/she shall comply with the restrictive provisions concerning the transfer of shares set out in the laws, administrative regulations and the requirements of the CSRC and the stock exchanges, as well as his/her undertakings in respect of the restriction on the transfer of shares.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 45 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 2 General Provisions for General Meetings	Section 3 General Provisions for General Meetings	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 76 The general meeting, as the organ of authority of the Company, shall have the following functions and powers in accordance with law: (1) to decide on the business policies and investment plans of the Company; (2) to elect and replace a Director or Supervisor who is not an employee representative, and decide on the amount and payment method of to his or her remuneration;	Article 59 The general meeting of the Company shall comprise all shareholders. The general meeting, as the organ of authority of the Company, shall have the following functions and powers in accordance with law: (1) to elect and replace a Director who is not an employee representative, and decide on matters relating to the remuneration of the Directors; (2) to consider and approve the report of the Board;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 46 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
(3) to consider and approve the report of the Board;	(3) to consider and approve the profit distribution plans and the plans for making up losses of the
(4) to consider and approve the report of the Supervisory Committee;	Company;
	(4) to pass resolutions on any increase or decrease of
(5) to consider and approve the annual financial budgets and the final accounts of the Company;	the Company's registered capital;
	(5) to pass resolutions on the issue of corporate
(6) to consider and approve the profit distribution	bonds;
plans and the plans for making up losses of the
Company;	(6) to pass resolutions on the merger, division,
(7) to pass resolutions on any increase or decrease of the Company's registered capital;	dissolution, liquidation, or change in corporate form of the Company;
	(7) to amend the Articles of Association;
(8) to pass resolutions on the issue of corporate
bonds;	(8) to pass resolutions on the engagement and
(9) to pass resolutions on the merger, division,	dismissal of any accounting firm undertaking audit services of the Company by the Company;
dissolution, liquidation, or change in corporate form
of the Company;	(9) to consider and approve matters relating to
	guarantees under Article 60 of the Articles of
(10) to amend the Articles of Association;	Association;
(11) to pass resolutions on the engagement and	(10) to consider and approve matters relating to the
dismissal of any accounting firm by the Company;	purchase and/or sale by the Company within one
	year of material assets valued at more than 30% of
(12) to consider and approve matters relating to	the Company's audited total asset of the Company as
guarantees under Article 77 of the Articles of Association;	at the most recent period;
	(11) to consider and approve any change in the use
(13) to consider and approve matters relating to the	of offer proceeds;
purchase and/or sale by the Company within one
year of material assets valued at more than 30% of	(12) to consider and approve any share incentive
the Company's audited total asset of the Company as	scheme and the employee shareholding scheme;
at the most recent period;	(13) to consider and approve any proposal by the
	shareholders that hold, individually or collectively,
	1% or more of shares with the voting rights in the
	Company;

Original articles	Amended articles	Basis of amendment
(14) to consider and approve any change in the use of offer proceeds;	(14) to decide on the purchase of the shares of the Company by the Company due to circumstances specified in items (1) and (2) of Article 28 of the
(15) to consider and approve any share incentive scheme and the employee shareholding scheme;	Articles of Association;
(16) to consider and approve any proposal by the shareholders that hold, individually or collectively, 3% or more of shares with the voting rights in the Company;	(15) to consider other matters required to be resolved by the general meeting pursuant to laws, administrative regulations, departmental rules and regulations, the listing rules of the place where the Company's shares are listed or the Articles of Association.
(17) to listen to specific explanations, made by the Board and the Supervisory Committee, on the performance appraisal and remunerations of the Directors and Supervisors;	The general meeting may authorize the Board to resolve matters in relation to corporate bond issuance.
(18) to listen to the specific explanations, made by the Board, on the implementation of duties, performance appraisal and remunerations of the senior management officers; (19) to decide on the purchase of the shares of the Company by the Company due to circumstances specified in items (1) and (2) of Article 29 of the	The Company may issue shares, corporate bonds convertible into shares by a resolution of the general meeting or by a resolution of the Board as authorized by the Articles of Association or the general meeting, the specific implementation of which shall comply with the laws, administrative regulations and the requirements of the CSRC and the stock exchanges.
Articles of Association; (20) to consider other matters required to be resolved by the shareholders' general meeting pursuant to laws, administrative regulations, departmental rules and regulations, the listing rules of the place where the Company's shares are listed or the Articles of Association.	U n l e s s o t h e r w i s e s t i p u l a t e d b y l a w s , administrative regulations, the requirements of the CSRC, the rules of the stock exchanges or the Articles of Association, the functions and powers of the general meeting above-mentioned shall not be delegated through authorization to the Board or any other body or individual.
The functions and powers of the general meeting above-mentioned shall not be delegated through authorization to the Board or any other body or individual.

Original articles	Amended articles	Basis of amendment
Article 77 The following external guarantees given by the Company shall be examined and approved by the general meeting:	Article 60 The following external guarantees given by the Company shall be examined and approved by the general meeting:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
(1) any guarantee to be provided to a recipient of such security whose asset to liability ratio is over 70%;	(1) any guarantee to be provided to a recipient of such security whose asset to liability ratio is over 70%;	documents such as Article 47 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC,
(2) one item of security the amount secured by which exceeds 10% of the audited asset as at the most recent period;	(2) one item of security the amount secured by which exceeds 10% of the audited asset as at the most recent period;	and taking into account the actual situation of the Company.
(3) the total amount of the external guarantees provided by the Company and wholly-owned, holding subsidiaries exceeding 50% of the latest audited net assets;	(3) the total amount of the external guarantees provided by the Company and wholly-owned, holding subsidiaries exceeding 50% of the latest audited net assets;
(4) the total amount of the external guarantees provided by the Company exceeding 30% of the latest audited total assets;	(4) the total amount of the external guarantees provided by the Company exceeding 30% of the latest audited total assets;
(5) the amount of the guarantees provided by the Company within one year exceeding 30% of the latest audited total assets.	(5) the amount of the guarantees to other parties provided by the Company within one year exceeding 30% of the latest audited total assets.
External guarantees of the Company and wholly-owned, holding subsidiaries include guarantees provided by the Company to its wholly-owned, holding subsidiaries and guarantees provided by the Company's wholly-owned, holding subsidiaries to their subsidiaries. External guarantees provided by the Company are relevant to its business needs and matches its business scale.	External guarantees of the Company and wholly-owned, holding subsidiaries include guarantees provided by the Company to its wholly-owned, holding subsidiaries and guarantees provided by the Company's wholly-owned, holding subsidiaries to their subsidiaries. External guarantees provided by the Company are relevant to its business needs and matches its business scale.
Guarantees to be provided by the Company to the connected persons, regardless of the amount, should be examined and approved at the general meeting after the consideration and approval of the Board meeting. Except for the provision of margin financing and securities lending to customers in accordance with the regulations, the Company shall not provide financing or guarantee	Guarantees to be provided by the Company to the connected persons, regardless of the amount, should be examined and approved at the general meeting after the consideration and approval of the Board meeting. Except for the provision of margin financing and securities lending to customers in accordance with the regulations, the Company shall not provide financing or guarantee
for its shareholders or the connected persons of its shareholders.	for its shareholders or the connected persons of its shareholders.

Original articles	Amended articles	Basis of amendment
In case of violation of the approval authority or review procedures of the general meeting or the Board of Directors for external guarantees as stipulated in the Articles of Association, the Company shall investigate the corresponding legal and economic responsibilities of the responsible person according to the seriousness of the situation.	In case of violation of the approval authority or review procedures of the general meeting or the Board of Directors for external guarantees as stipulated in the Articles of Association, the Company shall investigate the corresponding legal and economic responsibilities of the responsible person according to the seriousness of the situation.
Article 78 The general meetings include annual general meetings and extraordinary general meetings. The annual general meeting shall be called once a year, within six months following the end of the previous fiscal year. If the meeting has to be postponed for special reasons, the Company shall report to the delegated authority of the CSRC where the Company is domiciled in a timely manner, and explain the reasons for the postponement.	Article 61 The general meetings include annual general meetings and extraordinary general meetings. The annual general meeting shall be called once a year, within six months following the end of the previous fiscal year. If the meeting has to be postponed for special reasons, the Company shall report to the delegated authority of the CSRC where the Company is domiciled in a timely manner, and explain the reasons for the postponement.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 48 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 79 An extraordinary general meeting shall be called, within two months from the date of the occurrence of any of the following circumstances:	Article 62 An extraordinary general meeting shall be called, within two months from the date of the occurrence of any of the following circumstances:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles
(1) the number of Directors is less than the minimum number specified in the Company Law, or less than two-thirds of the number specified in the Articles of Association;	(1) the number of Directors is less than the minimum number specified in the Company Law, or less than two-thirds of the number specified in the Articles of Association;	of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative
(2) the losses of the Company that have not been made up reach one-third of its total paid in the share capital;	(2) the losses of the Company that have not been made up reach one-third of its total share capital;	documents such as Article 49 of the currently effective Guidelines for the Articles of Association of
(3) shareholders that hold, individually or collectively, more than 10% of the shares in the Company request to hold such meeting (number of shares held shall be calculated according to	(3) shareholders that hold, individually or collectively, more than 10% of the shares in the Company request to hold such meeting;	Listed Companies of the CSRC, and taking into account the actual situation of the Company.
the number of shares held as at the date of the submission of the written request);

Original articles	Amended articles	Basis of amendment
(4) the Board considers it necessary;	(4) the Board considers it necessary;
(5) the Supervisory Committee proposes to hold such a meeting; or	(5) the Audit Committee proposes to hold such a meeting; or
(6) other circumstances under relevant laws, administrative regulations, departmental rules or the Articles of Association.	(6) other circumstances under relevant laws, administrative regulations, departmental rules or the Articles of Association.
Article 80 The venue of the general meeting shall be the domicile of the Company or the venue explicitly notified in the notice of the general meeting.	Article 63 The venue of the general meeting shall be the domicile of the Company or the venue explicitly notified in the notice of the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
The general meeting shall be held in the venue by way of combination of physical meeting and online poll. The time and place of the on-site meeting shall be selected to facilitate the participation of shareholders. A shareholder who participates in a general meeting in the aforesaid means shall be deemed as being present.	A venue shall be set for the general meeting which shall be convened on-site. The Company shall make it convenient for the shareholders through online voting. The general meeting may be held not only in person at the meeting venue in the form of an onsite meeting, but also simultaneously through electronic communication means.	documents such as Article 50 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Where the Company convenes a general meeting by online poll, all shareholders whose names appear on the register of members on the shareholding record date shall confirm their identity and participate in voting through the online system.	Where the Company convenes a general meeting by online poll, all shareholders whose names appear on the register of members on the shareholding record date shall confirm their identity and participate in voting through the online system.

Original articles	Amended articles	Basis of amendment
Article 81 During the general meeting, the Company	Article 64 During the general meeting, the Company	A m e n d m e n t i s m a d e i n
will retain an attorney to issue legal opinions on the following matters and publish the same:	will retain an attorney to issue legal opinions on the following matters and publish the same:	accordance with the relevant requirements of relevant laws, regulations and normative
(1) whether the procedures of convening and holding the meeting comply with relevant laws or administrative regulations and the Articles of Association;	(1) whether the procedures of convening and holding the meeting comply with relevant laws or administrative regulations and the provisions of the Articles of Association;	documents such as Article 51 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
(2) whether the qualifications of the attendants and the convener are lawful and valid;	(2) whether the qualifications of the attendants and the convener are lawful and valid;	situation of the Company.
(3) whether the voting procedure and results are lawful and valid; and	(3) whether the voting procedure and results are lawful and valid; and
(4) on other relevant issues as required by the Company.	(4) on other relevant issues as required by the Company.
Section 3 Assembling of General Meetings	Section 4 Assembling of General Meetings	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 82 The independent Directors shall have the right to propose to the Board to call an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the independent Directors to call such meeting. If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. If the Board does not agree to hold the extraordinary general meeting, it shall give the reasons and publish an announcement.	Article 65 The Board shall convene the general meeting on time within the prescribed time limit. With the consent of a majority of all independent Directors, the independent Directors shall have the right to propose to the Board to call an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the independent Directors to call such meeting. If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. If the Board does not agree to hold the extraordinary general meeting, it shall give the reasons and publish an announcement.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 52 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 83 The Supervisory Committee shall have the right to propose to the Board in writing to hold an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the independent Directors to call such meeting. If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the Supervisory Committee shall be secured if any change is to be made in the notice to the original request. If the Board disagrees to hold an extraordinary general meeting or fails to give a response within 10 days after the receipt of the proposal, the Supervisory Committee may convene and preside an extraordinary general meeting on its own.	Article 66 The Audit Committee shall propose to the Board in writing to hold an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the independent Directors to call such meeting. If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the Audit Committee shall be secured if any change is to be made in the notice to the original request. If the Board disagrees to hold an extraordinary general meeting or fails to give a response within 10 days after the receipt of the proposal, the Audit Committee may convene and preside an extraordinary general meeting on its own.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 53 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 84 Shareholders that hold, individually or collectively, 10% or more of the shares in the Company shall have the right to request in writing the Board to hold an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the abovementioned shareholders to call such	Article 67 Shareholders that hold, individually or collectively, 10% or more of the shares in the Company shall request in writing the Board to hold an extraordinary general meeting. The Board shall, in accordance with relevant laws, administrative regulations and the Articles of Association, give a written response on whether or not it agrees to call such an extraordinary general meeting within 10 days after receiving the proposal from the abovementioned shareholders to call such meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 54 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
meeting. If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the relevant shareholders shall be secured if any change is to be made in the notice to the original request.	If the Board agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the relevant shareholders shall be secured if any change is to be made in the notice to the original request.
If the Board disagrees to hold an extraordinary general meeting or fails to give a response within 10 days after the receipt of the proposal, the Shareholders that hold, individually or collectively, 10% or more of the Shares of the Company may propose in writing to the Supervisory Committee to hold an extraordinary general meeting.	If the Board disagrees to hold an extraordinary general meeting or fails to give a response within 10 days after the receipt of the proposal, the Shareholders that hold, individually or collectively, 10% or more of the Shares of the Company may propose in writing to the Audit Committee to hold an extraordinary general meeting.
If the Supervisory Committee agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the relevant shareholders shall be secured if any change is to be made in the notice to the original requirement.	If the Audit Committee agrees to hold an extraordinary general meeting, it will issue a notice calling such meeting within 5 days after it has so resolved. The consent of the relevant shareholders shall be secured if any change is to be made in the notice to the original requirement.
If the Supervisory Committee fails to issue the notice calling such meeting within the period specified hereinabove, it shall be deemed to have failed to convene and preside over such meeting. The shareholders that hold, individually or collectively, 10% or more of the shares in the Company for 90 days or more consecutively may convene and preside such meeting.	If the Audit Committee fails to issue the notice calling such meeting within the period specified hereinabove, it shall be deemed to have failed to convene and preside over such meeting. The shareholders that hold, individually or collectively, 10% or more of the shares in the Company for 90 days or more consecutively may convene and preside such meeting.

Original articles	Amended articles	Basis of amendment
Article 85 The Supervisory Committee or the shareholders that decide to hold a general meeting by itself or themselves must notify the Board thereof in writing, and file it with the stock exchange.	Article 68 The Audit Committee or the shareholders that decide to hold a general meeting by itself or themselves must notify the Board thereof in writing, and file it with the stock exchange.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 55 of
The shareholders that convene the general meeting shall hold at least 10% of the shares in the Company prior to the publish of the resolutions of such meeting. Upon issuing the notice of the general meeting and the resolutions of such meeting, the Supervisory Committee or the convening shareholder shall provide relevant supporting documents to the stock exchange.	Upon issuing the notice of the general meeting and the resolutions of such meeting, the Audit Committee or the convening shareholder shall provide relevant supporting documents to the stock exchange. The shareholders that convene the general meeting shall hold at least 10% of the shares in the Company prior to the publication of the resolutions of such meeting.	the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 86 If the Supervisory Committee or shareholders itself/themselves convene a general meeting, the Board and the secretary to the Board shall provide cooperation. The Board will provide the register of shareholders as of the date of record.	Article 69 If the Audit Committee or shareholders itself/themselves convene a general meeting, the Board and the secretary to the Board shall provide cooperation. The Board will provide the register of shareholders as of the date of record.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 56 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 87 The necessary expenses of the general meeting convened by the Supervisory Committee or the shareholders itself/themselves shall be borne by the Company from the outstanding payment for the any negligent Director.	Article 70 The necessary expenses of the general meeting convened by the Audit Committee or the shareholders itself/themselves shall be borne by the Company.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 57 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 4 Proposals and Notices of General Meetings	Section 5 Proposals and Notices of General Meetings	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 88 The substance of the motion proposed shall fall within the functions and powers of the general meeting. It shall have a clear subject of discussion and a specific resolution, and shall be in compliance with laws, administrative regulations and the relevant requirements set forth in the Articles of Association.	Article 71 The substance of the motion proposed shall fall within the functions and powers of the general meeting. It shall have a clear subject of discussion and a specific resolution, and shall be in compliance with laws, administrative regulations and the relevant requirements set forth in the Articles of Association.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 58 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 89 The Board, the Supervisory Committee	Article 72 The Board, the Audit Committee and	A m e n d m e n t i s m a d e i n
and shareholders that hold, individually or	shareholders that hold, individually or collectively,	accordance with the relevant
collectively, 3% or more of the shares in the	1% or more of the shares in the Company shall have	requirements of relevant laws,
Company shall have the right to propose motions to	the right to propose motions to the Company at the	regulations and normative
the Company at the general meeting.	general meeting.	documents such as Article 59 of
		the currently effective Guidelines
Shareholders that hold, individually or collectively,	Shareholders that hold, individually or collectively,	for the Articles of Association of
3% or more of the shares in the Company may	1% or more of the shares in the Company may	Listed Companies of the CSRC,
submit extempore motions in writing to the convener	submit extempore motions in writing to the convener	and taking into account the actual
10 days prior to the date of such meeting. The	10 days prior to the date of such meeting. The	situation of the Company.
convener shall, within two days after receipt of the	convener shall, within two days after receipt of
motion, issue a supplementary notice of the general	the motion, issue a supplementary notice of the
meeting and make a public announcement of the	general meeting and make a public announcement
contents of such extempore motion.	of the contents of such extempore motion, and
	such extempore motion shall be submitted to
Unless in the circumstance hereinabove, the convener	the general meeting for consideration, unless
may not, after publishing the notice of the general	such extempore motion is in violation of any
meeting, make any change to the motions set forth in	law, administrative regulation or the Articles of
such notice or add any new motions.	Association or fails to fall within the functions and
	powers of the general meeting.
Any proposal that is not stated on the notice of the
general meeting or that is incompliant with Article 88	Unless in the circumstance hereinabove, the convener
of the Articles of Association will not be considered	may not, after publishing the notice of the general
or approved by the general meeting.	meeting, make any change to the motions set forth in
	such notice or add any new motions.
	Any proposal that is not stated on the notice of the
	general meeting or that is incompliant with the
	provisions of the Articles of Association will not be
	considered or approved by the general meeting.

Original articles	Amended articles	Basis of amendment
Article 90 The Company shall give a written notice 20 days prior to the holding of an annual general meeting, or give a written notice 15 days prior to the holding of an extraordinary general meeting, informing all registered shareholders of the matters to be considered at the meeting and the date and place of the meeting. If there are other provisions in laws and regulations, and any other stipulations of the relevant regulators and stock exchanges where the Company's shares are listed, such provisions and stipulations shall prevail.	Article 73 The Company shall give a written notice 20 days prior to the holding of an annual general meeting, or give a written notice 15 days prior to the holding of an extraordinary general meeting, informing all registered shareholders of the matters to be considered at the meeting and the date and place of the meeting. If there are other provisions in laws and regulations, and any other stipulations of the relevant regulators and stock exchanges where the Company's shares are listed, such provisions and stipulations shall prevail.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 60 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 91 A notice of general meeting shall be made in writing and include the following contents:	Article 74 A notice of general meeting shall include the following contents:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the
(1) specifying the time, place and duration of the meeting;	(1) specifying the time, place and duration of the meeting;	Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment
(2) matters and motions submitted to the meeting for consideration. The notice and the supplementary notice, if any, of the general meeting shall disclose, fully and completely, the contents of all the motions. Where the opinion of any independent Director is required in relation to any matter to be considered at the meeting, the opinion and the reason of the independent Director shall also be disclosed in the notice and the supplementary notice, if any, of the general meeting;	(2) matters and motions submitted to the meeting for consideration. The notice and the supplementary notice, if any, of the general meeting shall disclose, fully and completely, the contents of all the motions, and all such information and explanation as is necessary for the shareholders to make a reasonable judgement on the matters to be discussed; (3) the notice shall specify the time and place for	is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 61 of the currently effective Guidelines for the Articles of Association of Listed Companies and Article 17 of the Rules for General Meetings of Listed Companies of the CSRC, and taking into
	lodging a power of attorney for voting by proxy;	account the actual situation of the
(3) the notice shall provide shareholders with such information and explanation as necessary for the shareholders to make an informed decision on the matters to be discussed; without limiting the generality of the foregoing, when the Company propose a merger, repurchase of the shares of the Company, reorganization of the share capital or other restructuring, it shall provide the specific conditions and contracts (if any) of the transaction contemplated and earnestly explain the cause and effect of the transaction;		Company.

Original articles	Amended articles	Basis of amendment
(4) the notice shall contain a disclosure of the nature and extent of the material interests, if any, of any Director, Supervisor or senior management officers, and an explanation of the difference, if any, between the way in which the matter to be discussed would affect such Director, Supervisor or senior management officer in his or her capacity as a shareholder and the way in which such matter would affect other shareholders of the same class;	(4) containing conspicuously a statement that all shareholders have the right to attend and vote at the general meeting either in person or by proxy in writing, and that such proxy need not be a shareholder of the Company; (5) the date of record for shareholders entitled to attend the general meeting; (6) the name and telephone number of a contact
(5) the notice shall contain the full text of any special resolution proposed to be passed at the meeting;	person for the meeting; and (7) the time and procedure for voting online or through other means.
(6) the notice shall specify the time and place for lodging a power of attorney for voting by proxy; (7) containing conspicuously a statement that all shareholders have the right to attend and vote at the general meeting either in person or by proxy in writing, and that such proxy need not be a shareholder of the Company;	There shall be not more than 7 business days between the date of record and the date of the general meeting. The date of record shall not be changed once determined.
(8) the date of record for shareholders entitled to attend the general meeting;
(9) the name and telephone number of a contact person for the meeting; and
(10) the time and procedure for voting online or through other means.
There shall be not more than 7 business days between the date of record and the date of the general meeting. The date of record shall not be changed once determined.

Original articles	Amended articles	Basis of amendment
Article 92 Unless stipulated otherwise in the Articles	-	Due to the abolishment of
of Association, the notice of the general meeting		relevant requirements such as the
shall be delivered to shareholders (whether or not		Notice on Implementation of the
entitled to vote thereat) by hand or prepaid mail		Mandatory Provisions of Articles
at the recipient's address shown in the register of		of Association of Companies
shareholders. As for domestic shareholders, the		that List Overseas, amendment
notice of the general meeting may also be given by		is made in accordance with the
way of a public announcement.		relevant requirements of relevant
		laws, regulations and normative
The announcement referred to in the preceding		documents such as the currently
paragraph shall be published in one or more		effective Guidelines for the
newspapers designated by the securities regulatory		Articles of Association of Listed
authorities of the State Council. Once such an		Companies of the CSRC, and
announcement is made, all holders of the domestic		taking into account the actual
shares shall be deemed to have received the relevant		situation of the Company.
notice of the general meeting.

Subject to the laws, administrative regulations,
normative documents and the relevant listing
rules of the securities regulatory authority where
the Company's shares are listed and subject to
the performance of the relevant procedures, the
Company can issue the notice of the general meeting
to the holders of overseas listed foreign shares by
publications on the website of the Company or the
websites designated by Hong Kong Stock Exchange
or otherwise permitted by Hong Kong Listing Rules
and the Articles of Association in lieu of delivering
the relevant information to the holders of overseas
listed foreign shares by hand or by postage prepaid
mail.

Original articles	Amended articles	Basis of amendment
Article 93 Where the notice of the general meeting is not given to a shareholder that is entitled to receive such notice, or where such shareholder fails to receive the notice, due to any accidental omission, this shall not invalidate the meeting or any adopted resolution in the meeting.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 94 Where the general meeting proposes to consider the election of a Director or Supervisor, the notice of the meeting shall fully disclose the details of Director or Supervisor nominees, which shall at minimum include the following: (1) personal information, such as their education background, working experiences and concurrent positions, etc.; (2) whether they have a connected relationship with the Company or its controlling shareholder or de facto controller;	Article 75 Where the general meeting proposes to consider the election of a Director, the notice of the meeting shall fully disclose the details of Director nominees, which shall at minimum include the following: (1) personal information, such as their education background, working experiences and concurrent positions, etc.; (2) whether they have a connected relationship with the Company or its controlling shareholder or de facto controller;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 62 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(3) the number of their shares in the Company; (4) whether they have been punished by the CSRC or other related administrative departments or been reprimanded by any stock exchange; and	(3) the number of their shares in the Company; (4) whether they have been punished by the CSRC or other related administrative departments or been reprimanded by any stock exchange; and
(5) disclosable information in relation to the new appointment, re-election or re – designation of Directors or Supervisors as required by the Hong Kong Listing Rules.	(5) disclosable information in relation to the new appointment, re-election or re-designation of Directors as required by the Hong Kong Listing Rules.

Original articles	Amended articles	Basis of amendment
Except the election of Directors and Supervisors by means of cumulative voting, election of each Director and Supervisor candidate shall be conducted by a separate proposal.	Except the election of Directors by means of cumulative voting, election of each Director candidate shall be conducted by a separate proposal.
Article 95 Once the notice of the general meeting is issued, such meeting shall not be postponed or cancelled, nor any proposal listed on the notice be canceled without a legitimate reason. In the case of a postpone or cancellation, the convener shall, at least two trading days prior to originally scheduled date for the meeting, publish the announcement and explain the reason.	Article 76 Once the notice of the general meeting is issued, such meeting shall not be postponed or cancelled, nor any proposal listed on the notice be canceled without a legitimate reason. In the case of a postpone or cancellation, the convener shall, at least two trading days prior to originally scheduled date for the meeting, publish the announcement and explain the reason.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 63 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 5 Convening of General Meetings	Section 6 Convening of General Meetings	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 96 The Board and other conveners shall take necessary measures to ensure the normal order of the general meeting. It/they will take measures to halt acts that disrupt the general meeting, seek to cause trouble or infringe upon the lawful rights and interests of shareholders and promptly report the same to the relevant authorities to investigate and deal with the matters.	Article 77 The Board and other conveners shall take necessary measures to ensure the normal order of the general meeting. It/they will take measures to halt acts that disrupt the general meeting, seek to cause trouble or infringe upon the lawful rights and interests of shareholders and promptly report the same to the relevant authorities to investigate and deal with the matters.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 64 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 98 An individual shareholder that attends the meeting in person shall produce his or her own ID card or other valid documents or proof evidencing his or her identity and his or her stock account card. If he or she appoints a proxy to attend the meeting on his or her behalf, the proxy shall produce his or her own valid proof of identity and the instrument of appointment from the shareholder. Shareholders that are legal persons shall be presented at a meeting by their legal representative or a proxy appointed by the legal representative. If the legal representative attends the meeting, he or she shall produce his or her own ID card and a valid proof of his or her legal representative status. If a proxy has been appointed to attend the meeting, such proxy shall present his or her own ID card and the power of attorney issued by the legal representative of the	Article 79 An individual shareholder that attends the meeting in person shall produce his or her own ID card or other valid documents or proof evidencing his or her identity. If he or she appoints a proxy to attend the meeting on his or her behalf, the proxy shall produce his or her own valid proof of identity and the instrument of appointment from the shareholder. Shareholders that are legal persons shall be presented at a meeting by their legal representative or a proxy appointed by the legal representative. If the legal representative attends the meeting, he or she shall produce his or her own ID card and a valid proof of his or her legal representative status. If a proxy has been appointed to attend the meeting, such proxy shall present his or her own ID card and the power of attorney issued by the legal representative of the shareholder as a legal person.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 66 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
shareholder as a legal person. Where the shareholder is a Recognized Clearing House defined in local laws or regulations at the place where the shares of the Company are listed, or its agent, or a Depositary or its agent, the shareholder may authorize one or more persons that it deems suitable to attend on its behalf any general meeting or any class meeting of shareholders; however, if more than one person is authorized, the power of attorney shall specify the number and class of shares involved in the appointment of each such person and be signed by a person empowered by the Recognized Clearing House or the Depositary. The person so appointed may exercise the rights (without being required to present share certificate, certified statement of proxy and/or further evidence of due authorization) of the Recognized Clearing House (or its agent) or the Depositary (or its agent) as if he, she or they was or were (an) individual shareholder(s) of	Where the shareholder is a Recognized Clearing House defined in local laws or regulations at the place where the shares of the Company are listed, or its agent, or a Depositary or its agent, the shareholder may authorize one or more persons that it deems suitable to attend on its behalf any general meeting; however, if more than one person is authorized, the power of attorney shall specify the number and class of shares involved in the appointment of each such person and be signed by a person empowered by the Recognized Clearing House or the Depositary. The person so appointed may exercise the rights (without being required to present share certificate, certified statement of proxy and/or further evidence of due authorization) of the Recognized Clearing House (or its agent) or the Depositary (or its agent) as if he, she or they was or were (an) individual shareholder(s) of the Company.

Original articles	Amended articles	Basis of amendment
Article 99 The instrument of appointment by which a shareholder appoints another person to attend the general meeting on his or her behalf shall include:	Article 80 The instrument of appointment by which a shareholder appoints another person to attend the general meeting on his or her behalf shall include:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
(1) the name of the proxy; (2) whether the proxy has voting rights;	(1) name of the principal, class and number of shares of the Company held;	documents such as Article 67 of the currently effective Guidelines for the Articles of Association of
(3) separate instructions as to whether to vote for "for" or "against" or "abstained" from voting on, each item on the agenda of the general meeting as an item for consideration thereat; (4) the date of issuance and terms of validity of the instrument of appointment; and (5) the signature (or seal) of the principal. If the principal is a corporate shareholder, the seal of the corporate shall be affixed.	(2) name of the proxy; (3) specific instructions from shareholders, including instructions as to whether to vote for "for" or "against" or "abstained" from voting on, each item on the agenda of the general meeting as an item for consideration thereat, etc.; (4) the date of issuance and terms of validity of the instrument of appointment; and (5) the signature (or seal) of the principal. If the principal is a corporate shareholder, the seal of the corporate shall be affixed.	Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 100 The power of attorney that the Board gives to a shareholder shall allow the shareholder to freely direct his or her proxy to vote "for" or "against" or "abstained", and to give separate instruction with respect to the voting for each item on the agenda. The power of attorney shall note that where no direction from the shareholder is available, the proxy may vote at his or her own discretion.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 101 The proxy form for voting shall be placed at the domicile of the company or such other place as specified in the notice of meeting at least 24 hours prior to the meeting at which the proxy is entrusted to vote or 24 hours before the scheduled voting time. Where such a proxy form for voting is signed by a person authorized by the principal, the power of attorney for authorized signature or other authorization documents shall be notarized. The power of attorney or other authorization documents upon notarized shall, together with the proxy form for voting, be placed at the Company's domicile or such other location as specified in the notice of the meeting. Where the principal is a legal person, its legal representative or a person authorized by the Board or other decision-making bodies shall attend the general meeting of the Company.	Article 81 Where such a proxy form for voting is signed by a person authorized by the principal, the power of attorney for authorized signature or other authorization documents shall be notarized. The power of attorney or other authorization documents upon notarized shall, together with the proxy form for voting, be placed at the Company's domicile or such other location as specified in the notice of the meeting.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 68 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 102 Notwithstanding the previous death or loss of capacity of the principal or revocation of the proxy or of the authority under which the proxy was executed or the transfer of the relevant shares, the vote of the proxy pursuant to the power of attorney shall remain valid as long as the Company does not receive written notice thereof prior to the date of the meeting to be held.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 103 The attendance register of persons attending the meeting in person shall be made by the Company. The register shall specify the attendants' names (or the name of his or her entity), ID numbers, home addresses, number of voting shares held or represented, and the names of the proxies' principals (or the names of the principals' entities), if any.	Article 82 The attendance register of persons attending the meeting in person shall be made by the Company. The register shall specify the attendants' names (or the name of his or her entity), ID numbers, number of voting shares held or represented, and the names of the proxies' principals (or the names of the principals' entities), if any.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 69 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 104 The convener and the attorney retained by the Company shall verify the legal qualification of shareholders according to the register of shareholders provided by the securities registrations and clearing organizations, and register the names of the shareholders and the numbers of voting shares. The registration process shall end before the chairman of the meeting announces on site the number of shareholders and proxies that attend the meeting, and the number of their voting shares.	Article 83 The convener and the attorney retained by the Company shall verify the legal qualification of shareholders according to the register of shareholders provided by the securities registrations and clearing organizations, and register the names of the shareholders and the numbers of voting shares. The registration process shall end before the chairman of the meeting announces on site the number of shareholders and proxies that attend the meeting, and the number of their voting shares.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 70 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 105 All Directors, Supervisors and secretary to the Board shall attend general meetings of the Company, and the Chief Executive Officer and other senior management officers shall attend the meeting as non-voting participants.	Article 84 If the general meeting requires the Directors or senior management officers to attend the meeting, the Directors or senior management officers shall do so and shall face the shareholders' inquiries.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 71 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 106 Where the general meeting is convened by the Board, the Chairman shall preside over the meeting. If the Chairman is unable to perform his or her duties or fails to perform his or her duties, the vice chairman (and in case of two or more vice chairmen in the Company, the vice chairman elected by more than half of Directors shall preside over the meeting) shall preside over the meeting. If both the Chairman and the vice chairman are unable to perform his or her duties or fails to perform his or her duties, more than half of Directors shall jointly elect one Director to preside over the meeting.	Article 85 The Chairman shall preside over the general meeting. If the Chairman is unable to perform his or her duties or fails to perform his or her duties, the vice chairman (and in case of two or more vice chairmen in the Company, the vice chairman elected by more than half of Directors shall preside over the meeting) shall preside over the meeting. If both the Chairman and the vice chairman are unable to perform his or her duties or fails to perform his or her duties, more than half of Directors shall jointly elect one Director to preside over the meeting.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 72 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
If the Board is unable or fails to perform the	The convener from the Audit Committee shall
duties of convening a general meeting, the	preside over the general meeting convened by the
Supervisory Committee shall timely convene	Audit Committee. If the convener from the Audit
and preside over the meeting. If the Supervisory	Committee cannot or does not fulfill his or her
Committee fails to convene and preside over	duties, a member of the Audit Committee jointly
a general meeting, shareholders individually	elected by more than half of the members of the
or collectively holding 10% or above of the	Audit Committee shall preside over the meeting.
Company's shares for 90 consecutive days or
above shall have the right to convene and preside	The convener or a representative elected by the
over the meeting. Where the shareholders fail to	convener shall preside over the general meeting
elect a chairman of the general meeting for any	convened by the shareholders.
reasons, the shareholder (including his or her
proxy) present in person or by proxy who holds	Where a general meeting is held and the chairman
the largest number of voting shares shall be the	of the meeting violates the rules of procedure which
chairman of the general meeting.	makes it impossible for the general meeting to
	continue, a person may be elected at the general
The chairman of the Supervisory Committee shall	meeting to act as chairman and continue the meeting,
preside over the general meeting convened by the	subject to the approval of more than half of the
Supervisory Committee. If the chairman of the	attending shareholders having the voting rights.
Supervisory Committee cannot or does not fulfill his
or her duties, the vice chairman of the Supervisory
Committee shall preside over the general meeting.
If both the chairman and vice chairman of the
Supervisory Committee cannot or does not fulfill his
or her duties, a Supervisor jointly elected by more
than half of the Supervisors shall preside over the
meeting.

A representative elected by the convener shall
preside over the general meeting convened by the
shareholders.

Where a general meeting is held and the chairman
of the meeting violates the rules of procedure which
makes it impossible for the general meeting to
continue, a person may be elected at the general
meeting to act as chairman and continue the meeting,
subject to the approval of more than half of the

attending shareholders having the voting rights.

Original articles	Amended articles	Basis of amendment
Article 107 The Company shall formulate the rules of procedure for the general meeting to provide details on the convening and voting procedures, including notification, registration, consideration of proposals, voting, vote counting, the announcement of the voting results, the adoption of resolutions, the minutes, and the signing and publication, as well as the principles for the authorization of the Board by the general meeting (where the contents of authorization shall be explicit and specific). However, the functions and powers to be exercised by the general meeting as specifically stipulated in the Company Law shall not be authorized to the Board. The rules of procedure for the general meeting, as an Annex to the Articles of Association, shall be drafted by the Board and adopted by the general meeting.	Article 86 The Company shall formulate the rules of procedure for the general meeting to provide details on the assembling, convening and voting procedures, including notification, registration, consideration of proposals, voting, vote counting, the announcement of the voting results, the adoption of resolutions, the minutes, and the signing and publication, as well as the principles for the authorization of the Board by the general meeting (where the contents of authorization shall be explicit and specific). However, the functions and powers to be exercised by the general meeting as specifically stipulated in the Company Law shall not be authorized to the Board. The rules of procedure for the general meeting, as an Annex to the Articles of Association, shall be drafted by the Board and adopted by the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 73 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 108 At the annual general meeting, the Board and the Supervisory Committee shall report on their work over the previous year, and disclose the implementation of duties of the Directors and Supervisors in the annual report, including the number of presence of Directors and Supervisors at the Board meetings and the meetings of the Supervisory Committee, the voting results and others. Each independent Director shall give a report on the performance of his or her duties.	Article 87 At the annual general meeting, the Board shall report on their work over the previous year, and disclose the implementation of duties of the Directors in the annual report, including the number of presence of Directors at the Board meetings, the voting results and others. Each independent Director shall give a report on the performance of his or her duties.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 74 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 109 The Directors, Supervisors and senior management officers of the Company shall answer and explain inquiries and proposals made by shareholders at the general meeting.	Article 88 The Directors and senior management officers of the Company shall answer and explain inquiries and proposals made by shareholders at the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 75 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 111 Minutes shall be kept of the general	Article 90 Minutes shall be kept of the general	A m e n d m e n t i s m a d e i n
meeting and the secretary to the Board shall be	meeting and the secretary to the Board shall be	accordance with the relevant
responsible therefore. The meeting minutes shall	responsible therefore. The meeting minutes shall	requirements of relevant laws,
record the following particulars:	record the following particulars:	regulations and normative
		documents such as Article 77 of
(1) the time, place, agenda for, the meeting, and the	(1) the time, place, agenda for, the meeting, and the	the currently effective Guidelines
name of the convener;	name of the convener;	for the Articles of Association of
		Listed Companies of the CSRC,
(2) the names of the chairman of the meeting, and	(2) the names of the chairman of the meeting, and of	and taking into account the actual
of Directors, Supervisors and senior management	Directors and senior management officers present in	situation of the Company.
officers in attendance or present in a non-voting	a non-voting capacity;
capacity;
	(3) the number of attending shareholders and proxies,
(3) the number of attending shareholders and proxies,	and the total number of their voting shares and
and the total number of their voting shares and	percentages to the total shares of the Company;
percentages to the total shares of the Company;
	(4) the deliberations on each proposal, the main
(4) the deliberations on each proposal, the main	points of each speaker's statements in respect of
points of each speaker's statements in respect of	thereof, and the voting result;
thereof, and the voting result;
	(5) the queries or suggestions from shareholders, and
(5) the queries or suggestions from shareholders, and	the relevant replies or explanations;
the relevant replies or explanations;
	(6) the names of the attorney, vote counters and
(6) the names of the attorney, vote counters and	counting Supervisors; and
counting Supervisors; and
	(7) other information to be entered into the minutes
(7) other information to be entered into the minutes	pursuant to the Articles of Association.
pursuant to the Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 112 The convener shall ensure that the minutes of a meeting are true, accurate and complete. The minutes shall be signed by attending Directors, Supervisors, the secretary to the Board, the convener or his or her representative, and the chairman of the meeting. The minutes shall be kept for 15 years, together with the book of signatures of the attending shareholders, the power of attorney for shareholders that attend the meeting by proxy, and effective information concerning voting online or by other such means.	Article 91 The convener shall ensure that the minutes of a meeting are true, accurate and complete. The minutes shall be signed by attending or presenting Directors, the secretary to the Board, the convener or his or her representative, and the chairman of the meeting. The minutes shall be kept for 15 years, together with the book of signatures of the attending shareholders, the power of attorney for shareholders that attend the meeting by proxy, and effective information concerning voting online or by other such means.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 78 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 113 The convener shall ensure that the general meeting continues until a final resolution is reached. Where the general meeting is interrupted or fails to reach a resolution due to force majeure or any other exceptional cause, the convener shall take necessary actions to restore the meeting as soon as practicable, or terminate the meeting immediately with a timely publication, in which circumstance, the convener shall report it to the local CSRC agency where the Company is located and the stock exchange.	Article 92 The convener shall ensure that the general meeting continues until a final resolution is reached. Where the general meeting is interrupted or fails to reach a resolution due to force majeure or any other exceptional cause, the convener shall take necessary actions to restore the meeting as soon as practicable, or terminate the meeting immediately with a timely publication, in which circumstance, the convener shall report it to the local CSRC agency where the Company is located and the stock exchange.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 79 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 6 Voting and Resolutions at General Meetings	Section 7 Voting and Resolutions at General Meetings	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 114 Resolutions of the general meeting include ordinary resolutions or special resolutions.	Article 93 Resolutions of the general meeting include ordinary resolutions or special resolutions.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
Ordinary resolution at a general meeting shall be passed by one half or above of the voting rights held by shareholders (including their proxies) attending the general meeting.	Ordinary resolution at a general meeting shall be passed by one half or above of the voting rights held by shareholders (including their proxies) attending the general meeting.	regulations and normative documents such as Article 80 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC,
Special resolution at a general meeting shall be passed by two-thirds or above of the voting rights held by shareholders (including their proxies) attending the general meeting.	Special resolution at a general meeting shall be passed by two-thirds or above of the voting rights held by shareholders (including their proxies) attending the general meeting.	and taking into account the actual situation of the Company.
Article 115 The following shall be passed by an ordinary resolution of the general meeting:	Article 94 The following shall be passed by an ordinary resolution of the general meeting:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the
(1) the work report of the Board or the Supervisory Committee;	(1) the work report of the Board;	Mandatory Provisions of Articles of Association of Companies
(2) the profit distribution plan and plans for making up losses drafted by the Board;	(2) the profit distribution plan and plans for making up losses drafted by the Board;	that List Overseas, amendment is made in accordance with the relevant requirements of relevant
(3) the appointment or dismissal and the remuneration of the members of the Board or the	(3) the appointment or dismissal and the remuneration of the members of the Board and the method of payment of the remuneration;	laws, regulations and normative documents such as Article 81 of the currently effective Guidelines
members of the Supervisory Committee and the method of payment of the remuneration;	(4) matters other than those to be passed by a special resolution of the general meeting under relevant	for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
(4) the annual budget plan, final accounts, balance sheet, profit statement and other financial statements of the Company;	laws, administrative regulations and the Articles of Association.	situation of the Company.
(5) the annual report of the Company; and
(6) matters other than those to be passed by a special resolution of the general meeting under relevant laws, administrative regulations and the Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 116 The following shall be passed by a special resolution of the general meeting:	Article 95 The following shall be passed by a special resolution of the general meeting:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the
(1) the increase or reduction of the registered capital, or the issue of any class of shares, warrants or other similar securities by the Company;	(1) the increase or reduction of the registered capital by the Company;	Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment
(2) the issuance of corporate bonds;	(2) the division, spin-off, merger, change in the form of the Company, dissolution or liquidation of the Company;	is made in accordance with the relevant requirements of relevant laws, regulations and normative
(3) the division, spin-off, merger, change in the form of the Company, dissolution or liquidation of the Company;	(3) any amendment to the Articles of Association;	documents such as Article 82 of the currently effective Guidelines for the Articles of Association of
(4) any amendment to the Articles of Association;	(4) the amount of purchase or sale by the Company within one year of material asset(s) or guarantee provided to other parties exceeding, alone or in	Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(5) the amount of purchase or sale by the Company within one year of material asset(s) or guarantee exceeding, alone or in aggregation, 30% of the	aggregation, 30% of the audited total assets of the Company as at the most recent period;
audited total assets of the Company as at the most recent period;	(5) any share incentive scheme; and
(6) any share incentive scheme; and	(6) other matters which laws, administrative regulations or the Articles of Association require to be adopted by special resolution or which the general
(7) other matters which laws, administrative regulations or the Articles of Association require to be adopted by special resolution or which the general meeting considers will have a material impact on the Company and therefore require, by an ordinary resolution, to be adopted by special resolution.	meeting considers will have a material impact on the Company and therefore require, by an ordinary resolution, to be adopted by special resolution.
Article 117 A shareholder (including his or her proxy) shall vote based on the number of his or her voting shares, with one share representing one vote.	Article 96 A shareholder (including his or her proxy) shall vote based on the number of his or her voting shares, with one share representing one vote.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
When material issues affecting the interests of minority shareholders are considered at a general meeting, the votes of minority shareholders shall be counted separately. The separate votes counting results shall be disclosed publicly in a timely manner.	When material issues affecting the interests of minority shareholders are considered at a general meeting, the votes of minority shareholders shall be counted separately. The separate votes counting results shall be disclosed publicly in a timely manner.	documents such as Article 83 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
The Company's shares which also held by the Company do not carry any voting rights, and shall not be counted in the total number of voting shares represented by shareholders attending a general meeting.	The Company's shares which also held by the Company do not carry any voting rights, and shall not be counted in the total number of voting shares represented by shareholders attending a general meeting.
If a shareholder buys voting shares of the Company in violation of the provisions of Articles 63 (1) and (2) of the Securities Law, such shares in excess of the prescribed proportion shall not be entitled to exercise voting rights for a period of thirty-six months after the purchase, and shall not be counted in the total number of voting shares represented by shareholders attending the general meeting.	If a shareholder buys voting shares of the Company in violation of the provisions of Articles 63 (1) and (2) of the Securities Law, such shares in excess of the prescribed proportion shall not be entitled to exercise voting rights for a period of thirty-six months after the purchase, and shall not be counted in the total number of voting shares represented by shareholders attending the general meeting.
The Board, independent directors, shareholders holding 1% or more of the voting shares or investor protection institutions established pursuant to laws, administrative regulations or the provisions of the securities regulatory authorities of the State Council, may as proxy solicitors, by themselves or through their appointed securities companies or securities service institutions publicly invite the shareholders of the Company to entrust them to attend the general meeting and exercise the rights of shareholders such as to propose and vote on resolutions, on their behalf.	The Board, independent directors, shareholders holding 1% or more of the voting shares or investor protection institutions established pursuant to laws, administrative regulations or the provisions of the securities regulatory authorities of the State Council, may as proxy solicitors, by themselves or through their appointed securities companies or securities service institutions publicly invite the shareholders of the Company to entrust them to attend the general meeting and exercise the rights of shareholders such as to propose and vote on resolutions, on their behalf.
Where the rights of shareholders are solicited in accordance with the provisions of the preceding paragraph, the solicitors shall disclose the solicitation documents, and the Company shall cooperate.	Where the rights of shareholders are solicited in accordance with the provisions of the preceding paragraph, the solicitors shall disclose the solicitation documents, and the Company shall cooperate.

Original articles	Amended articles	Basis of amendment
Information including specific voting preference shall be fully provided to the shareholders from whom voting rights are being solicited. Consideration or de facto consideration for publicly soliciting shareholders' rights is prohibited. Except for statutory conditions, the Company and the convener of the general meeting shall not impose any minimum shareholding limitation for soliciting voting rights.	Information including specific voting preference shall be fully provided to the shareholders from whom voting rights are being solicited. Consideration or de facto consideration for publicly soliciting shareholders' rights is prohibited. Except for statutory conditions, the Company and the convener of the general meeting shall not impose any minimum shareholding limitation for soliciting voting rights.
Any public solicitation of shareholders' rights in violation of the laws, administrative regulations or relevant provisions of the securities regulatory authorities of the State Council, which causes the Company or the shareholders of the Company to suffer losses, shall be liable for compensation in accordance with the laws.	Any public solicitation of shareholders' rights in violation of the laws, administrative regulations or relevant provisions of the securities regulatory authorities of the State Council, which causes the Company or the shareholders of the Company to suffer losses, shall be liable for compensation in accordance with the laws.
Article 118 When a connected transaction is considered at a general meeting, connected shareholders shall not vote, and the voting shares held by them shall not be counted in the total number of shares with voting rights. The announcement of the resolutions of the general meeting shall fully disclose the voting of non-connected shareholders.	Article 97 When a connected transaction is considered at a general meeting, connected shareholders shall not vote, and the voting shares held by them shall not be counted in the total number of shares with voting rights. The announcement of the resolutions of the general meeting shall fully disclose the voting of non-connected shareholders.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 84 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 119 Unless a poll is required pursuant to the rules of the local securities regulatory authority at the place where the stock of the Company is listed, or any of the following persons requests a poll before or after voting by hand, votes at the general meeting shall be taken by show of hands: (1) the chairman of the meeting; (2) at least two shareholders with voting rights or proxies with voting rights; and (3) one or several shareholders (including their proxies) that hold, individually or collectively, more than one-tenth (inclusive) of the shares carrying the right to vote at the meeting. Unless a poll is requested, the chairman of the meeting may declare the result of voting by show of hands, and whether the proposal concerned has been passed or not, and have the information included in the minutes of the meeting as the final evidence, without proving the number or percentage of votes in favor or against the proposal concerned. The demand for a poll may be withdrawn by the person who made it.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 120 If the matter demanded a poll is the election of the chairman or the adjournment of the meeting, a poll shall be taken immediately. If a poll is demanded for other matters, such poll shall be taken at the time decided upon by the chairman and the meeting may proceed with the discussion of other matters; the result of the poll shall still be regarded as a resolution passed at that meeting.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 121 When a poll is held, shareholders (including proxies) having the right to two or more votes need not use all of their voting rights in the same way as "for", "against" or "abstain". If votes for and against a resolution are equal, either by show of hands or by poll, the chairman shall be entitled to give an additional vote.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 122 The chairman of the general meeting shall decide whether any resolution of the meeting is approved according to the voting result. The decision shall be final, and the voting result shall be announced at the meeting and recorded in the minutes of the meeting.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 123 Unless the Company is in a crisis or under any other exceptional circumstance, the Company shall not enter into a contract with any person other than a Director, a Supervisor or senior management officers of the Company, according to which the Company entrusts its business, wholly or essentially, to such person, unless this is approved at the general meeting in a special resolution.	Article 98 Unless the Company is in a crisis or under any other exceptional circumstance, the Company shall not enter into a contract with any person other than a Director or senior management officers of the Company, according to which the Company entrusts its business, wholly or essentially, to such person, unless this is approved at the general meeting in a special resolution.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 85 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 124 The list of candidates for Directors	Article 99 The list of candidates for Directors shall	A m e n d m e n t i s m a d e i n
and Supervisors shall be submitted to the general	be submitted to the general meeting for voting by	accordance with the relevant
meeting for voting by way of proposal.	way of proposal.	requirements of relevant laws,
		regulations and normative
The approach and procedures for nomination of	The approach and procedures for nomination of	documents such as Article 15 of
candidates for Directors and Supervisors are as	candidates for Directors are as follows:	the currently effective Corporate
follows:		Governance Rules for Securities
	(1) shareholder(s) severally or jointly holding more	Companies and Article 86 of the
(1) shareholder(s) severally or jointly holding more	than 1% of the total outstanding issued voting	Guidelines for the Articles of
than 3% of the total outstanding issued voting shares	shares of the Company may propose to the Board	Association of Listed Companies
of the Company may propose to the Board of the	of the Company about the candidates for Directors	of the CSRC, and taking into
Company about the candidates for Directors (not	(not being employee representatives). However,	account the actual situation of the
being employee representatives) or propose to the	the number and criteria of candidates proposed	Company.
Supervisory Committee about the candidates for	shall comply with the laws and regulations and the
Supervisors (not being employee representatives).	provisions of the Articles of Association, and shall
However, the number and criteria of candidates	not exceed the number to be elected. The Board
proposed shall comply with the laws and the	shall submit the foregoing candidates elected by
provisions of the Articles of Association, and shall	the Shareholders for consideration at the general
not exceed the number to be elected. While any of	meeting;
the shareholders shall nominate Directors for
more than half of the members of the Board, the
Supervisor nominated by them shall not exceed
one-third of the members of the Supervisory
Committee. The Board and the Supervisory
Committee shall submit the foregoing candidates
elected by the Shareholders for consideration at the
general meeting;

Original articles	Amended articles	Basis of amendment
(2) pursuant to the requirements of laws, regulations and the Articles of Association and based on the proposed number of candidates to be elected, the current Chairman may propose a list of recommended candidates for Directors (not being employee representatives), which shall be subject to the voting and election at the general meeting by way of a resolution upon approval by the Board. Pursuant to the requirements of laws, regulations and the Articles of Association and based on the proposed number of candidates to be elected, the current chairman of the Supervisory Committee may propose a list of recommended candidates for Supervisors (not being employee representatives), which shall be subject to the voting and election at the general meeting by way of a resolution upon approval by the Supervisory Committee; (3) the approach and procedures for nomination of independent Directors should be made in accordance with the laws, regulations and the relevant requirements of the securities regulatory authorities. The nominator shall obtain the undertakings, in written form, of the candidates prior to nominating such candidates for Directors and Supervisors, to confirm that they accept the nomination and undertake the truthfulness and completeness of the disclosed information regarding the candidates for Directors and Supervisors, and guarantee to faithfully performing the duties of Directors and Supervisors. If the sole shareholder of the Company and its person acting in concert hold more than 30% shares	(2) pursuant to the requirements of laws, regulations and the Articles of Association and based on the proposed number of candidates to be elected, the current Chairman may propose a list of recommended candidates for Directors (not being employee representatives), which shall be subject to the voting and election at the general meeting by way of a resolution upon approval by the Board; (3) the approach and procedures for nomination of independent Directors should be made in accordance with the laws, regulations and the relevant requirements of the securities regulatory authorities. The nominator shall obtain the undertakings, in written form, of the candidates prior to nominating such candidates for Directors, to confirm that they accept the nomination and undertake the truthfulness and completeness of the disclosed information regarding the candidates for Directors, and guarantee to faithfully performing the duties of Directors. If the sole shareholder of the Company and its person acting in concert hold more than 30% shares of the Company, or for resolutions in respect of the election of more than two Directors (not being staff representatives), cumulative voting system shall be adopted at the general meeting pursuant to the Articles of Association or the resolution of the general meeting.
of the Company, or for resolutions in respect of the election of more than two Directors (not being staff representatives) and Supervisors (not being staff representatives), cumulative voting system shall be adopted at the general meeting pursuant to the Articles of Association or the resolution of the general meeting.

Original articles	Amended articles	Basis of amendment
Article 125 In addition to the cumulative voting system, the general meeting shall resolve on all the proposals separately; in the event of several proposals for the same issue, such proposals shall be voted on and resolved in the order of time at which they are submitted. Unless the general meeting is adjourned or no resolution can be made for special reasons such as force majeure, voting of such proposals shall neither be put aside nor denied at the general meeting.	Article 100 In addition to the cumulative voting system, the general meeting shall resolve on all the proposals separately; in the event of several proposals for the same issue, such proposals shall be voted on and resolved in the order of time at which they are submitted. Unless the general meeting is adjourned or no resolution can be made for special reasons such as force majeure, voting of such proposals shall neither be put aside nor denied at the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 87 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 126 When considering a proposal, the general meeting shall not revise it; otherwise such amendments shall be deemed as a new proposal and may not be voted on during the current meeting.	Article 101 When considering a proposal, the general meeting shall not revise it; if there are any amendments, such amendments shall be deemed as a new proposal and may not be voted on during the current meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 88 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 127 The same vote may only be cast once at the location of a general meeting, or by online voting or other means. Where the same vote is cast for two or more times, the first cast shall hold.	Article 102 The same vote may only be cast once at the location of a general meeting, or by online voting or other means. Where the same vote is cast for two or more times, the first cast shall hold.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 89 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 128 At any general meeting, voting shall be conducted by open poll.	Article 103 At any general meeting, voting shall be conducted by open poll.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 90 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 129 Before the general meeting votes on a proposal, two shareholders' representatives shall be elected to participate in the vote counting and vote scrutiny. When a shareholder is related to a matter being considered, he or she and his or her proxies may not participate in the vote counting or vote scrutiny. When votes are cast on proposals at the general meeting, attorneys, representatives of the shareholders and the representative of Supervisors shall be jointly responsible for scrutinizing and counting votes and shall announce the voting results at the meeting. The voting result shall be recorded in the meeting minutes. Shareholders of the listed company or their proxies, who have cast their votes by online voting or by other means, shall have the right to check the voting results in the way in which they have cast their votes.	Article 104 Before the general meeting votes on a proposal, two shareholders' representatives shall be elected to participate in the vote counting and vote scrutiny. When a shareholder is related to a matter being considered, he or she and his or her proxies may not participate in the vote counting or vote scrutiny. When votes are cast on proposals at the general meeting, attorneys and representatives of the shareholders shall be jointly responsible for scrutinizing and counting votes and shall announce the voting results at the meeting. The voting result shall be recorded in the meeting minutes. Shareholders of the Company or their proxies, who have cast their votes by online voting or by other means, shall have the right to check the voting results in the way in which they have cast their votes.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 91 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 130 The ending time of a general meeting shall not be earlier than that of online or other access to the meeting. The chairman of the meeting shall announce the outcome and results of the vote on each proposed resolution, and whether or not such proposed resolution has been passed according to such voting results. Prior to the formal announcement of voting results, the relevant parties from the listed company, the persons responsible for counting votes and scrutinizing the conduct of the relevant poll, the major shareholders, the person in charge of the relevant internet service provider involved in relation to voting at the general meeting, online or by other means, shall be obliged to keep the status of voting confidential.	Article 105 The ending time of a general meeting shall not be earlier than that of online or other access to the meeting. The chairman of the meeting shall announce the outcome and results of the vote on each proposed resolution, and whether or not such proposed resolution has been passed according to such voting results. Prior to the formal announcement of voting results, the relevant parties from the Company, the persons responsible for counting votes and scrutinizing the conduct of the relevant poll, the shareholders, the person in charge of the relevant internet service provider involved in relation to voting at the general meeting, online or by other means, shall be obliged to keep the status of voting confidential.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 92 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 131 A shareholder attending a general meeting shall express one of the following opinions on any proposal to be voted on: for, against or abstention. Save for the circumstance under which the securities registration and settlement institution acting as the nominal holder of Shares under the Stock Connect between Mainland and Hong Kong and the nominal holder of some H Shares and the Depositary acting as the nominal holder of A Shares, the underlying securities represented by GDR, make reporting in accordance with the instruction of the de facto holders of relevant shares.	Article 106 A shareholder attending a general meeting shall express one of the following opinions on any proposal to be voted on: for, against or abstention. Save for the circumstance under which the securities registration and settlement institution acting as the nominal holder of Shares under the Stock Connect between Mainland and Hong Kong and the nominal holder of some H Shares and the Depositary acting as the nominal holder of A Shares, the underlying securities represented by GDR, make reporting in accordance with the instruction of the de facto holders of relevant shares.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 93 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
If a poll is blank, marked erroneously, illegible or has not been cast, the voter shall be deemed to have waived his or her right to vote and the voting results for the number of shares that he or she holds shall be recorded as "abstained".	If a poll is blank, marked erroneously, illegible or has not been cast, the voter shall be deemed to have waived his or her right to vote and the voting results for the number of shares that he or she holds shall be recorded as "abstained".
Where any shareholder is, under the Hong Kong Listing Rules, required to abstain from voting on any particular resolution or restricted to voting only in favor of (or only against) any particular resolution, any votes cast by or on behalf of such shareholder in violation of such requirement or restriction shall not be counted.	Where any shareholder is, under the Hong Kong Listing Rules, required to abstain from voting on any particular resolution or restricted to voting only in favor of (or only against) any particular resolution, any votes cast by or on behalf of such shareholder in violation of such requirement or restriction shall not be counted.

Original articles	Amended articles	Basis of amendment
Article 132 In the event that the chairman of the meeting has any doubt as to the result of a resolution put forward to the vote, he or she may have the votes counted. In the event that the chairman of the meeting fails to have the votes counted, any shareholder present in person or by proxy objects to the result announced by the chairman of the meeting may demand that the votes be counted immediately after the declaration of the voting result, the chairman of the meeting shall have the votes counted immediately. In the event that the votes are counted at the general meeting, the counting results shall be recorded in the minutes of the meeting. The minutes of the meeting together with the attendance book for shareholders' signing and the proxy forms for proxies attending the meeting shall be kept at the domicile of the Company.	Article 107 In the event that the chairman of the meeting has any doubt as to the result of a resolution put forward to the vote, he or she may have the votes counted. In the event that the chairman of the meeting fails to have the votes counted, any shareholder present in person or by proxy objects to the result announced by the chairman of the meeting may demand that the votes be counted immediately after the declaration of the voting result, the chairman of the meeting shall have the votes counted immediately.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 94 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 133 The resolution of the general meeting shall be promptly announced. The announcement shall state the number of attending shareholders and proxies, their number of voting shares and their percentages to the total number of the voting shares in the Company, the voting method or methods, the voting result for each proposal, and the details of each resolution passed in the meeting.	Article 108 The resolution of the general meeting shall be promptly announced. The announcement shall state the number of attending shareholders and proxies, their number of voting shares and their percentages to the total number of the voting shares in the Company, the voting method or methods, the voting result for each proposal, and the details of each resolution passed in the meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 95 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

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Original articles	Amended articles	Basis of amendment
Article 134 A shareholder shall be entitled to inspect copies of minutes of meeting(s) free of charge during office hours of the Company. Upon the request of any shareholder for a copy of the relevant minutes of meeting, the Company shall send out the copy of the minutes within seven days of receipt of the reasonable payment therefore.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 135 Where a proposal has not been passed or the resolutions of the preceding general meeting have been changed at the current general meeting, special mention shall be made in the announcement of the resolutions of the general meeting.	Article 109 Where a proposal has not been passed or the resolutions of the preceding general meeting have been changed at the current general meeting, special mention shall be made in the announcement of the resolutions of the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 96 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 136 Where a resolution on the election of Directors or Supervisors is passed at the general meeting, the term of office of the newly-elected Director or Supervisor shall commence immediately after the relevant resolution is passed at the general meeting.	Article 110 Where a resolution on the election of Directors is passed at the general meeting, the term of office of the newly-elected Director shall commence immediately after the relevant resolution is passed at the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 97 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 137 Where a proposed resolution in relation to the payment of cash dividends, the issue of bonus shares or the capitalization of capital reserves has been passed at a general meeting, the Company shall implement the specific plans within two months after the conclusion of the general meeting.	Article 111 Where a proposed resolution in relation to the payment of cash dividends, the issue of bonus shares or the capitalization of capital reserves has been passed at a general meeting, the Company shall implement the specific plans within two months after the conclusion of the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 98 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 7 Special Procedures for Voting by Classes of Shareholders	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 138 Shareholders holding different classes of shares shall be shareholders of different classes. Shareholders of different classes shall enjoy the rights and assume the obligations in accordance with the laws, administrative regulations and the Articles of Association. Apart from holders of other classes of shares, holders of domestic shares and overseas listed foreign shares are deemed to be shareholders of different classes.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 139 The Company shall not proceed to change or abrogate the shareholders' rights of a class of shares unless such proposed change or abrogation has been approved by way of a special resolution at a general meeting and by a separate shareholder meeting convened by the shareholders of the class of shares so affected in accordance with Articles 141 to 145.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 140 The following circumstances shall be deemed as change or annulment of the rights of a certain class shareholder:	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles
(1) to increase or decrease the number of shares of		of Association of Companies
such class, or to increase or decrease the number of		that List Overseas, amendment
shares of a class having voting rights, distribution		is made in accordance with the
rights or other privileges equal or superior to those of the shares of such class;		relevant requirements of relevant laws, regulations and normative documents such as the currently
(2) to convert all or part of the shares of such class		effective Guidelines for the
into shares of another class, or to convert all or part		Articles of Association of Listed
of the shares of another class into shares of such		Companies of the CSRC, and
class or the grant of the right to such change;		taking into account the actual
		situation of the Company.
(3) to remove or reduce of rights to accrued
dividends or cumulative dividends attached to shares
of such class;

Original articles	Amended articles	Basis of amendment
(4) to reduce or cancel rights attached to the shares of the said class to preferentially receive dividends or to preferentially receive distributions of assets in a liquidation of the Company;
(5) to add, cancel or reduce share conversion rights, options, voting rights, transfer rights, pre-emptive placing rights, or rights to acquire securities of the Company attached to the shares of the said class;
(6) to cancel or reduce rights to receive payments made by the Company in a particular currency attached to the shares of the said class;
(7) to create a new class of shares with voting rights, distribution rights or other privileges equal or superior to those of the shares of the said class;
(8) to restrict the transfer or ownership of the shares of the said class or to impose additional restrictions;
(9) to issue rights to subscribe for, or to convert into, shares of the said class or another class;
(10) to increase the rights and privileges of the shares of another class;
(11) to restructure the Company in such a way as to cause shareholders of different classes to bear liabilities disproportionately during the restructuring;
(12) to amend or delete provisions in this section.

Original articles	Amended articles	Basis of amendment
Article 141 Shareholders of the affected class,	-	Due to the abolishment of
whether or not having the rights to vote at general		relevant requirements such as the
meetings originally, shall have the right to vote at		Notice on Implementation of the
shareholders class meetings in respect of matters		Mandatory Provisions of Articles
referred to in subparagraphs (2) to (8) and (11) to		of Association of Companies
(12) in Article 140 hereof, except that interested		that List Overseas, amendment
shareholders shall not vote at such shareholders class		is made in accordance with the
meetings.		relevant requirements of relevant
		laws, regulations and normative
The term "interested shareholders" in the preceding		documents such as the currently
paragraph shall have the following meanings:		effective Guidelines for the
		Articles of Association of Listed
(1) in case of a buyback of shares by the Company		Companies of the CSRC, and
by way of a general offer to all shareholders in equal		taking into account the actual
proportion or by way of open market transactions		situation of the Company.
on a stock exchange in accordance with Article 30
hereof, the controlling shareholders as defined in
Article 311 of the Articles of Association shall be the
"interested shareholders";

(2) in case of a buyback of shares by the Company
by an over the counter agreement in accordance with
Article 30 hereof, holders of shares in relation to such
agreement shall be the "interested shareholders";
(3) in case of a proposed restructuring of the
Company, shareholders who assume a relatively
lower proportion of obligation than the obligations
imposed on the other shareholders of that class or
who have an interest in the proposed restructuring
that is different from the general interests in such
proposed restructuring of the other shareholders of
that class shall be the "interested shareholders".

Original articles	Amended articles	Basis of amendment
Article 142 Resolution of a shareholders class meeting shall be passed only by two-thirds or above of the total voting rights being held by the shareholders of that class, who are entitled to do so, present and vote at the shareholders class meeting in accordance with Article 141.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 143 When the Company is to convene a shareholders' class meeting, it shall issue a written notice in accordance with the Article 90 of the Articles of Association, informing all the shareholders who are registered as holders of that class in the register of shareholders of the matters to be considered at the meeting as well as the date and place of the meeting.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 144 Notice of the shareholders class meeting shall be served only on the shareholders entitled to vote thereat. The shareholders class meeting shall be held according to the procedure, to the extent possible, as that applicable to a general meeting, unless otherwise specified in the Articles of Association, the provisions of the Articles of Association of the Company relevant to the procedure for the holding of a general meeting shall be applicable to a shareholders class meeting.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 145 The special procedure for voting by class shareholders shall not apply under the following circumstances: (1) with the approval by a special resolution at a general meeting, the Company issues domestic shares and overseas listed foreign shares in a period of 12 months, either separately or concurrently, and the respective numbers of domestic shares and overseas listed foreign shares proposed to be issued do not exceed 20% of its respective numbers of each of the issued and outstanding domestic shares and overseas listed foreign shares; (2) the Company completes the issue of domestic shares and overseas listed foreign shares within 15 months from the date of approval pursuant to the plan approved upon its establishment by the securities regulatory authority of the State Council; (3) with approval of the securities regulatory authority of the State Council, the holders of domestic shares of the Company transfer their shares to overseas investors and list and trade the said shares on overseas stock exchanges.	-	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
CHAPTER V BOARD OF DIRECTORS	CHAPTER V DIRECTORS AND BOARD OF DIRECTORS	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Section 1 Directors	Section 1 General Provisions for Directors	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
-	Article 112 The Directors of the Company shall be natural persons. A person shall be ineligible to serve as a Director of the Company under any of the following circumstances: (1) a person who is subject to the circumstances provided in Article 178 of the Company Law, Paragraph 2 under Article 124 and Paragraphs 2 and 3 under Article 125 of the Securities Law, and Article 15 of the Securities Investment Fund Law; (2) a person who has committed an offence of endangering national security, terrorism, corruption, bribery, infringement of property, misappropriation of property, crime of underworld or sabotaging social economic order and has been punished for committing such offence, or who has been deprived of his/her political rights for a criminal act;	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 7 of the currently effective Measures for the Supervision and Administration of Directors, Supervisors, Senior Management Officers and Practitioners of Securities Fund Operating Institutions and Article 99 of the Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
	(3) a person who has received any administrative
	punishments from any financial regulators or is
	prohibited by the CSRC from participating in
	the securities market for seriously violating laws,
	rules and regulations, where no more than 5 years
	have elapsed since the expiry of the enforcement
	period;

	(4) a person who is prohibited by the CSRC from
	participating in the securities market, where the
	prohibition period has not expired;

	(5) a person whose fund practicing qualification
	has been revoked by the CSRC or fund practicing
	qualification has been cancelled by the fund
	industry association in the past 5 years;

	(6) a person who is a legal representative and
	principal person in charge of the operation and
	management of an institution which has been
	taken over, cancelled or declared bankrupt or
	whose business license has been revoked, where
	no more than 5 years have elapsed since the date
	on which the company was taken over, cancelled
	or declared bankrupt or its business license was
	revoked, unless it is proven that such person is
	not personally liable for such issues;

	(7) a person determined by the CSRC to
	be inappropriate candidates or subject to
	disciplinary sanction by an industry association
	of being unsuitable for engaging in the relevant
	business, where the relevant limitation period has
	not expired;

Original articles	Amended articles	Basis of amendment
	(8) a person who has been subject to an investigation by administrative authorities or an investigation by judicial authorities for suspected illegal crimes, while such case has not yet been closed to form a final opinion;
	(9) other circumstances as determined by the CSRC according to law;
	(10) other circumstances provided by laws, administrative regulations, departmental rules or the listing rules of the stock exchanges where the shares of Company are listed.
	In the case of the election or appointment of Directors which violates the provisions of this Article, the election, appointment or employment shall be null and void. Where a Director falls under the circumstances referred to in this Article during his/her tenure, the Company shall terminate his/her appointment and cease his/her duties.
Article 146 Directors shall be elected or replaced at the general meeting, and could be removed from their office by the general meeting prior to expiration of the term thereof. A Director shall serve a term of 3 years, and may be re-elected upon expiration of his or her term, provided that an independent Director shall not hold office for a period over 6 years. Where a Director is removed from office prior to the expiration of his or her term of office, the general meeting of shareholders shall give reasons; and the Director who is removed from office shall have the right to set forth his or her opinions to the general meeting, the CSRC or a delegated authority of the CSRC.	Article 113 Directors shall be elected or replaced at the general meeting, and could be removed from their office by the general meeting prior to expiration of the term thereof. A Director shall serve a term of 3 years, and may be re-elected upon expiration of his or her term, provided that an independent Director shall not hold office for a period over 6 years. Where a Director is removed from office prior to the expiration of his or her term of office, the general meeting of shareholders shall give reasons; and the Director who is removed from office shall have the right to set forth his or her opinions to the general meeting, the CSRC or a delegated authority of the CSRC.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 6 of the currently effective Measures for the Supervision and Administration of Directors, Supervisors, Senior Management Officers and Practitioners of Securities Fund Operating Institutions and Article 100 of the Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Subject to compliance with the relevant laws and administrative regulations by a general meeting, a Director can be removed by an ordinary resolution passed at the general meeting before the expiry of his or her term of office (but such removal does not prejudice the Director's claim for damages pursuant to any contract).	Subject to compliance with the relevant laws and administrative regulations by a general meeting, a Director can be removed by an ordinary resolution passed at the general meeting before the expiry of his or her term of office (but such removal does not prejudice the Director's claim for damages pursuant to any contract).
A written notice on the intention to nominate a Director candidate and the candidate's presentation of being willing to accept the nomination shall be issued to the Company at least 7 days prior to the general meeting.	The appointment and removal of any director by the Company shall be reported to the securities regulatory authorities of the State Council for filing. Directors of the Company must meet the following requirements:
The period for submitting the notice mentioned in the preceding paragraph shall commence from the date when the notice of convening a general meeting for such election is given by the Company and shall end not later than 7 days before the date of the general meeting (or earlier).	(1) being a person of honesty, integrity and good behavior; (2) being conversant with laws and regulations in respect of securities and funds, and the requirements of the CSRC;
The appointment and removal of any director by the Company shall be reported to the securities regulatory authorities of the State Council for filing. Directors of the Company must meet the following requirements:	(3) having more than three years of working experience in securities, funds, finance, laws, accounting and information technology relevant to his/her proposed position;
(1) being a person of honesty, integrity and good behavior;
(2) being familiar with securities laws, administrative regulations, rules and other normative documents and having the operation and management ability necessary for performing the duties;
(3) have been working in the fields of securities, finance, law and accounting for more than 3 years, or in economic sectors for more than 5 years;

Original articles	Amended articles	Basis of amendment
(4) have obtained academic qualification of college degree or above;	(4) having management experience and business management capability commensurate with his/ her proposed position;
(5) other requirements as stipulated by laws, administrative regulations, departmental rules and the Articles of Association.	(5) other requirements as stipulated by laws and regulations and the CSRC.
The term of office of a Director shall commence from the date of taking the position until the expiry of the term of office of the current session of the Board. Where a re-election fails to be carried out in a timely manner upon the expiry of the term of office of a Director, such Director shall continue to perform his or her duties as a Director in accordance with the laws, administrative regulations, departmental rules and the Articles of Association until the newly elected Director assumes the office.	The term of office of a Director shall commence from the date of taking the position until the expiry of the term of office of the current session of the Board. Where a re-election fails to be carried out in a timely manner upon the expiry of the term of office of a Director, such Director shall continue to perform his or her duties as a Director in accordance with the laws, administrative regulations, departmental rules and the Articles of Association until the newly elected Director assumes the office.
Senior management officers may serve concurrently as Directors (other than the independent Directors), provided that the total number of such Directors who concurrently serve as senior management officers and the employee representatives shall not exceed a half of the total number of the Directors of the Company.	Senior management officers may serve concurrently as Directors (other than the independent Directors), provided that the total number of such Directors who concurrently serve as senior management officers and the employee representatives shall not exceed a half of the total number of the Directors of the Company.
T h e B o a r d m a y c o m p r i s e o n e e m p l o y e e representative. The employee representative in the Board shall be elected by employees of the Company at the employee representatives' meeting or the staff meeting or by other democratic means, and shall become a member of the Board directly.	The Board shall comprise one employee representative. The employee representative in the Board shall be elected by employees of the Company at the employee representatives' meeting or the staff meeting or by other democratic means, and is not required to be submitted to the general meeting for consideration.

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A standardized and transparent procedure shall be in place for election of Directors to ensure the transparency, fairness and impartiality of the election:	A standardized and transparent procedure shall be in place for election of Directors to ensure the transparency, fairness and impartiality of the election:
(1) the Company shall disclose detailed profiles of the candidates for Directors prior to the general meeting to make sure that shareholders have adequate understanding of such candidates when they cast their votes.	(1) the Company shall disclose detailed profiles of the candidates for Directors prior to the general meeting to make sure that shareholders have adequate understanding of such candidates when they cast their votes.
(2) the Company shall enter into engagement contracts with the Directors to clarify the relevant matters, such as the rights and obligations between the Company and the Directors, the term of the directorship, the Directors' liabilities in case of breach of laws, regulations and the Articles of Association, and the compensation from the Company in case of early termination of such contracts by the Company for reasons.	(2) the Company shall enter into engagement contracts with the Directors to clarify the relevant matters, such as the rights and obligations between the Company and the Directors, the term of the directorship, the Directors' liabilities in case of breach of laws, regulations and the Articles of Association, and the compensation from the Company in case of early termination of such contracts by the Company for reasons.
The Directors are not required to hold any shares in the Company.
Article 147 Directors shall observe laws, administrative regulations and the Articles of Association, and fulfill the following obligations of loyalty to the Company:	Article 114 Directors shall observe laws, administrative regulations and the provisions of the Articles of Association, and fulfill the obligations of loyalty to the Company. They shall take measures to avoid conflicts between their	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 101 of
(1) not to abuse their powers to take bribes or other unlawful income, and not to misappropriate the Company's property;	own interests and those of the Company, and shall not leverage their powers and positions to seek improper benefits.	the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
(2) not to divert the assets of the Company or any of its customers;	Directors shall fulfill the following obligations of loyalty to the Company:	situation of the Company.
(3) not to deposit any assets or money of the Company in any amounts under their names or in the names of others;	(1) not to misappropriate the Company's property or divert the money of the Company;
	(2) not to deposit any money of the Company in any amounts under their names or in the names of others;

Original articles	Amended articles	Basis of amendment
(4) not to lend the money of the Company to other persons or provide guarantee for other persons with the property of the Company in violation of Articles	(3) not to abuse their powers to take bribes or other unlawful income;
of Association or without the consent of the general meeting or the Board;	(4) not to directly or indirectly sign any contract or deal with the Company without reporting to the Board or the general meeting and being
(5) not to enter into any contract or conduct any transaction with the Company in violation of Articles of Association or without the consent of the general meeting;	approved by a resolution of the Board or the general meeting in accordance with the provisions of the Articles of Association;
(6) without the consent of the general meeting, not to take advantage of their positions to seek for themselves or others any business opportunities that are due to the Company, or conduct any businesses similar to those of the Company for themselves or others;	(5) not to take advantage of their positions to seek for themselves or others any business opportunities that are due to the Company, unless such opportunities have been reported to the Board or the general meeting and approved by a resolution of the general meeting or the Company is not able to take advantage of the business opportunity in accordance with the laws,
(7) not to take as their own any commission for any transaction with the Company;	administrative regulations or the provisions of the Articles of Association;
(8) not to disclose any secret of the Company; (9) not to use his or her connected relationships to harm the interests of the Company; and	(6) not to conduct any businesses similar to those of the Company for themselves or others without reporting to the Board or the general meeting and being approved by a resolution of the general
	meeting;
(10) to fulfill other obligations of loyalty stipulated by laws, administrative regulations, departmental rules and Articles of Association.	(7) not to take as their own any commission for any transaction between other parties and the Company;
Directors' income derived from violation of this Article shall belong to the Company; Directors shall be liable to compensate any loss incurred to the	(8) not to disclose any secret of the Company;
Company.	(9) not to use his or her connected relationships to harm the interests of the Company; and
	(10) to fulfill other obligations of loyalty stipulated by laws, administrative regulations, departmental rules and Articles of Association.
	Directors' income derived from violation of this Article shall belong to the Company; Directors shall be liable to compensate any loss incurred to the Company.

Original articles	Amended articles	Basis of amendment
	The provisions of item (4) of paragraph 2 of this Article shall apply to the conclusion of contracts or engagement in transactions with the Company by close relatives of the Directors and senior management officers or enterprises directly or indirectly controlled by the Directors and senior management officers or their close relatives, as well as persons who are otherwise related to the Directors and senior management officers.
Article 148 Directors shall observe laws, administrative regulations and the Articles of Association and fulfill the following obligations of diligence: (1) to prudently, conscientiously and diligently exercising the rights granted him or her by the Company, so as to ensure that the commercial acts of the Company comply with state laws, administrative regulations and the requirements of	Article 115 Directors shall observe laws, administrative regulations and the provisions of the Articles of Association and fulfill the obligations of diligence to the Company. Directors should exercise the reasonable care that a manager generally should have to serve the best interests of the Company in performing their duties. Directors shall fulfill the following obligations of	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 102 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
the various economic policies of the state, and that its commercial activities do not exceed the scope of business specified on the business license;	diligence to the Company: (1) to prudently, conscientiously and diligently exercising the rights granted him or her by the Company, so as to ensure that the commercial acts of the Company comply with state laws, administrative regulations and the requirements of the various economic policies of the state, and that its commercial activities do not exceed the scope of business specified on the business license;

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(2) to treat all shareholders impartially;	(2) to treat all shareholders impartially;
(3) to keep informed of the operation and management conditions of the Company;	(3) to keep informed of the operation and management conditions of the Company;
(4) to sign the written confirmation in respect of the securities issuance documents and regular reports of the Company to assure that the Company discloses information in a timely and fair manner and the information disclosed by the Company is true, accurate and complete. If he/she cannot guarantee the truthfulness, accuracy and completeness of the contents of securities issuance documents and periodic reports or has disputes, he/she shall issue opinions and state reasons in the written confirmation and the Company shall disclose them. Where the Company refuses to disclose, he/she may directly apply for disclosure;	(4) to sign the written confirmation in respect of the securities issuance documents and regular reports of the Company to assure that the Company discloses information in a timely and fair manner and the information disclosed by the Company is true, accurate and complete. If he/she cannot guarantee the truthfulness, accuracy and completeness of the contents of securities issuance documents and periodic reports or has disputes, he/she shall issue opinions and state reasons in the written confirmation and the Company shall disclose them. Where the Company refuses to disclose, he/she may directly apply for disclosure;
(5) to honestly provide the Supervisory Committee with relevant information and data, and not to prevent the Supervisory Committee or Supervisors from performing their duties and powers; and	(5) to honestly provide the Audit Committee with relevant information and data, and not to prevent the Audit Committee from performing their duties and powers; and
(6) to fulfill other obligations of diligence stipulated by laws, administrative regulations, departmental rules and the Articles of Association.	(6) to fulfill other obligations of diligence stipulated by laws, administrative regulations, departmental rules and the Articles of Association.
Article 149 If a Director fails to attend Board meetings, either in person or by authorizing another Director on behalf of him or her, for two consecutive meetings, he or she shall be deemed as failing to perform his or her duties. The Board shall propose at the general meeting to replace him or her.	Article 116 If a Director fails to attend Board meetings, either in person or by authorizing another Director on behalf of him or her, for two consecutive meetings, he or she shall be deemed as failing to perform his or her duties. The Board shall propose at the general meeting to replace him or her.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 103 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

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Article 150 A Director may resign before expiry of his or her term of office, provided that a written resignation report in respect of his or her resignation shall be submitted to the Board and the Board shall disclose the relevant information within 2 days. If the number of the Directors falls below the minimum quorum due to the resignation of Directors, the resigned Director shall continue to perform his or her duties pursuant to the requirements of the laws, administrative regulations, departmental rules and the Articles of Association before the newly elected Director takes office. Save for the circumstances referred to in the preceding paragraph, the Director's resignation takes effect upon delivery of his or her resignation report to the Board. Subject to the relevant laws and regulations, as well as regulatory rules of the place(s) where the shares of the Company are listed, if the Board appoints a new Director to fill a vacancy or as an additional Director, the term of office of the appointed Director shall expire at the next general meeting of the Company and such Director shall be eligible for re-election.	Article 117 A Director may resign before expiry of his or her term of office, provided that a written resignation report in respect of his or her resignation shall be submitted to the Company. The resignation shall take effect on the day when the Company receives the resignation report, and the Company shall disclose the relevant information within two trading days. If the number of the Directors falls below the minimum quorum due to the resignation of Directors, the resigned Director shall continue to perform his or her duties pursuant to the requirements of the laws, administrative regulations, departmental rules and the Articles of Association before the newly elected Director takes office. Subject to the relevant laws and regulations, as well as regulatory rules of the place(s) where the shares of the Company are listed, if the Board appoints a new Director to fill a vacancy or as an additional Director, the term of office of the appointed Director shall expire at the next general meeting of the Company and such Director shall be eligible for re-election.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 104 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC and Rule 4(2) of Appendix A1 to the Hong Kong Listing Rules, and taking into account the actual situation of the Company.
Article 151 When a Director's resignation takes effect or his or her term of service expires, the Director shall complete all transfer procedures with the Board. His or her obligations of loyalty (including but not limited to duty of confidentiality) towards the Company and the shareholders do not necessarily cease after the termination of his or her term of service and shall still be in effect for a period of 2 years.	Article 118 The Company shall establish a director resignation management system, specifying safeguards to hold accountable and seek compensation for unfulfilled public commitments and other outstanding matters. When a Director's resignation takes effect or his or her term of service expires, the Director shall complete all transfer procedures with the Board. His or her obligations of loyalty towards the Company and the shareholders do not necessarily cease after the termination of his or her term of service and shall still be in effect for a period of 2 years. A Director's liability arising from the performance of his/her duties during his/her tenure shall not be exempted or terminated by his/her resignation.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 105 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
-	Article 119 The general meeting may remove any Director by a resolution, which shall come into effect from the date on which such resolution is made. Where a Director is removed prior to expiration of his/her tenure without reasonable cause, the Director may demand compensation from the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 106 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 153 If a Director breaches the laws, administrative regulations, departmental rules or the Articles of Association when performing his or her duties and causes loss to the Company, he or she shall be held responsible for damages.	Article 121 If any damage is caused to others due to the performance of his/her duties by a Director to the Company, the Company shall be held responsible for damages. If the Director is found to have acted intentionally or with gross negligence, he/she shall also be held responsible for damages. If a Director breaches the laws, administrative regulations, departmental rules or the Articles of Association when performing his or her duties and causes loss to the Company, he or she shall be held responsible for damages.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 108 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 154 Independent Directors shall act in accordance with the laws, administrative regulations, the relevant provisions of the CSRC and listing rules of the place(s) where the shares of the Company are listed. If an independent Director resigns or is removed prior to the expiry of his or her term of office, such Director and the Company shall submit written statements to the delegated authority of the CSRC and the general meeting respectively.	-	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 155 The Company shall establish a Board which shall be accountable to the general meeting.	-	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 156 The Board shall comprise 13 Directors	Article 122 The Company shall have a Board, and	A m e n d m e n t i s m a d e i n
with at least one-third of them being independent	the Board shall comprise 13 Directors with at least	accordance with the relevant
Directors; The Company shall have one Chairman	one-third of them being independent Directors; The	requirements of relevant laws,
and may have vice chairman. The number of internal	Company shall have one Chairman and may have	regulations and normative
directors shall not exceed a half of the number of	vice chairman. The Chairman and vice chairman	documents such as Articles 6
Directors.	shall be elected by a majority of all members of	and 8 of the currently effective
	the Board. The number of internal directors shall not	Measures for the Supervision
The Chairman, vice chairman of the Company shall	exceed a half of the number of Directors.	and Administration of Directors,
meet the following requirements:		Supervisors, Senior Management
	An individual proposed to serve as the Chairman	Officers and Practitioners of
(1) being of honesty, integrity and good behavior;	of the Company shall meet the requirements for	Securities Fund Operating
	professionals engaged in the securities and fund	Institutions and Article 109 of
(2) being familiar with securities laws, administrative	industries. Individuals proposed to serve as the	the Guidelines for the Articles of
regulations, rules and other normative documents	Chairman or vice chairman of the Company	Association of Listed Companies
and having the operation and management ability	may participate in the level assessment test	of the CSRC, and taking into
necessary for performing the duties;	organized by industry associations as a reference	account the actual situation of the
	to demonstrate their familiarity with laws and	Company.
(3) engaging in the work of securities for more than	regulations in respect of securities and funds;
3 years, or the work of finance, law and accounting	those who do not participate in such tests shall
for more than 5 years, or the work of economy for	meet one of the following requirements:
more than 10 years;
	(1) having more than 10 years of domestic work
(4) a bachelor's degree holder or above, or having	experience in securities, funds, finance, laws,
equivalent education background;	accounting and information technology relevant
	to his/her proposed position, and having not
(5) having passed the qualification examination	received any administrative punishments or
recognized by the CSRC; and	administrative regulatory measures from any
	financial regulators;
(6) other requirements stipulated by laws,
administrative regulations, departmental rules and	(2) other requirements stipulated by the CSRC
Articles of Association.	and industry associations.

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Article 157 The Board shall exercise the following functions and powers:	Article 123 The Board shall exercise the following functions and powers:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
(1) to convene general meetings and report to general meetings;	(1) to convene general meetings and report to general meetings;	regulations and normative documents such as Article 110 of the currently effective Guidelines
(2) to implement resolutions of general meetings;	(2) to implement resolutions of general meetings;	for the Articles of Association of Listed Companies of the
(3) to resolve on the Company's business plans and investment plans;	(3) to resolve on the Company's business plans and investment plans;	CSRC, the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, Article 5 of the
(4) to prepare the annual financial budgets and final accounting plans of the Company;	(4) to prepare the profit distribution plan and loss makeup plan of the Company;	Implementation Rules for the Integrity Practices of Securities Firms and Their Staff, Article 18
(5) to prepare the profit distribution plan and loss makeup plan of the Company;	(5) to formulate proposals for the Company in respect of increase or reduction of registered capital, issue of bonds or other securities and the listing	of the Securities Industry Code of Conduct and Article 7 of the Regulation on Comprehensive
(6) to formulate proposals for the Company in respect of increase or reduction of registered capital,	thereof;	Risk Management of Securities Companies of the Securities
issue of bonds or other securities and the listing thereof;	(6) to prepare plans for material acquisitions, purchase of shares of the Company (due to circumstances provided in items (1) and (2) of	Association of China, and taking into account the actual situation of the Company.
(7) to formulate plans for material acquisitions,	Article 28 of the Articles of Association), merger,
purchase of shares of the Company (due to circumstances provided in items (1) and (2) of Article 29 of the Articles of Association), merger, division,	division, dissolution or transformation of the Company;
dissolution or transformation of the Company;	(7) to determine, within the authority granted by the general meeting, such matters as external investment,
(8) to determine, within the authority granted by the	acquisition and disposal of assets, asset mortgage,
general meeting, such matters as external investment, acquisition and disposal of assets, asset mortgage, external guarantee, consigned financial management,	external guarantee, consigned financial management, connected transactions, external donations, etc.;
connected transactions, external donations, etc.;	(8) to decide on the establishment of internal management organizations of the Company;

Original articles	Amended articles	Basis of amendment
(9) to decide on the establishment of internal management organizations of the Company;	(9) to determine the appointment or dismissal of the Chief Executive Officer, the Co-Chief Executive Officer, secretary to the Board and other senior
(10) to determine the appointment or dismissal of the	management officers of the Company, and to
Chief Executive Officer, secretary to the Board and	determine their remunerations, rewards and penalties;
other senior management officers of the Company,	to determine the appointment or dismissal of senior
and to determine their remunerations, rewards and	management officers including the Co-Chief
penalties; to determine the appointment or dismissal	Executive Officer, members of the executive
of senior management officers including members	committee, the Chief Operation Officer, the Chief
of the executive committee, the Chief Financial	Financial Officer, the Chief Compliance Officer, the
Officer, the Chief Compliance Officer, the Chief	Chief Risk Officer and Chief Information Officer of
Risk Officer and Chief Information Officer of the	the Company in accordance with the nominations by
Company in accordance with the nominations by	the Chief Executive Officer, and to determine their
the Chief Executive Officer, and to determine their remunerations, rewards and penalties;	remunerations, rewards and penalties;
	(10) to set up the basic management system of the
(11) to set up the basic management system of the Company;	Company;
	(11) to formulate the proposals for any amendment
(12) to formulate the proposals for any amendment to the Articles of Association;	to the Articles of Association;
	(12) to manage information disclosure of the
(13) to manage information disclosure of the Company;	Company;
	(13) to be responsible for the strategic decision of
(14) to be responsible for the strategic decision of	the objectives and planning of cultural construction,
the objectives and planning of cultural construction,	and direct the Company to strengthen its cultural
and direct the Company to strengthen its cultural construction;	construction;
	(14) to propose to the general meeting the
(15) to propose to the general meeting the	appointment or replacement of the accounting firms
appointment or replacement of the accounting firms which provide audit services to the Company;	which provide audit services to the Company;
	(15) to listen to work reports of the executive
	committee and review its work;

Original articles	Amended articles	Basis of amendment
(16) to listen to work reports of the executive	(16) to determine the compliance management
committee and review its work;	objectives of the Company, and assume responsibility
	for the effectiveness of compliance management,
(17) to determine the compliance management	including but not limited to, to consider and approve
objectives of the Company, and assume responsibility	the fundamental system of compliance management
for the effectiveness of compliance management,	and the annual compliance reports, to evaluate
including but not limited to, to consider and approve	the effectiveness of compliance management,
the fundamental system of compliance management	to supervise the resolution of problems existing
and the annual compliance reports, to evaluate	in compliance management and to establish the
the effectiveness of compliance management,	mechanism for direct communication with the Chief
to supervise the resolution of problems existing	Compliance Officer to ensure assessment by the
in compliance management and to establish the	Chief Compliance Officer on senior management
mechanism for direct communication with the Chief	officers, each department, branch and subsidiary
Compliance Officer to ensure assessment by the	of each level ("Subordinate Units"), compliance
Chief Compliance Officer on senior management	department and compliance management personnel;
officers, each department, branch and subsidiary
of each level ("Subordinate Units"), compliance	(17) to formulate corruption-free practice
department and compliance management personnel;	management goal and overall requirements, and
	to take the responsibility for the effectiveness of
	corruption-free practice management; to decide
	on honest practice management goal, and to
	take responsibility for the effectiveness of honest
	practice management;

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(18) to formulate risk control system of the	(18) to take ultimate responsibility for
Company;	comprehensive risk management, to establish
	a risk management concept aligned with
(19) to determine Directors' remunerations and	the Company, and to advance the overall
distribution plan thereof;	development of the Company's risk culture;
	to review and approve the Company's risk
(20) to decide on the purchase of the shares of the	management strategy, and to promote its effective
Company by the Company due to circumstances	implementation in the operation and management
provided in items (3), (5) and (6) of Article 29 of the	of the Company; to review and approve the basic
Articles of Association;	system for comprehensive risk management of the
	Company; to review and approve the Company's
(21) to exercise other functions and powers as	risk appetite, risk tolerance and material risk
stipulated by laws, administrative regulations,	limits; to review the Company's periodic risk
departmental rules or the Articles of Association.	assessment reports; and to establish a direct
	communication mechanism with the Chief Risk
The Board may resolve on the issues specified in	Officer;
the above paragraphs by approval of more than half
of the Directors save for the issues specified in (6),	(19) to determine Directors' remunerations and
(7) and (12), for which approval of two-thirds of the	distribution plan thereof;
Directors is required.
	(20) to decide on the purchase of the shares of the
The Board and Chairman of the Company shall	Company by the Company due to circumstances
exercise their powers to the extent as provided by	provided in items (3), (5) and (6) of Article 28 of the
laws, administrative regulations, the CSRC and the	Articles of Association;
Articles of Association, and shall not exceed their
powers to interfere in operation and management by	(21) to exercise other functions and powers as
the operational management.	stipulated by laws, administrative regulations,
	departmental rules, the Articles of Association or
Matters beyond the scope of authorization of the	the general meeting.
general meeting should be submitted to the general
meeting for consideration.

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	The Board may resolve as specified in the above paragraphs by approval of more than half of all Directors by way of a resolution save for the issues specified in (5), (6) and (11), for which approval of more than two-thirds of all Directors by way of a resolution is required. If the laws, administrative regulations, departmental rules, normative documents or the listing rules of the place(s) where the Company's shares are listed have any other provisions, such provisions shall prevail. The Board and Chairman of the Company shall exercise their powers to the extent as provided by laws, administrative regulations, the CSRC and the Articles of Association, and shall not exceed their powers to interfere in operation and management by the operational management. Matters beyond the scope of authorization of the general meeting should be submitted to the general
Article 158 When disposing fixed assets, the Board shall not, without prior approval of general meeting, dispose or agree to dispose of any fixed assets of the Company where the aggregate amount of the expected consideration for the proposed disposal and the proceeds from any such disposal of any fixed assets of the Company completed within 4 months immediately preceding the proposed disposal exceeds 33% of the value of fixed assets of the Company as shown in the latest balance sheet considered at the general meeting. For the purposes of this article, disposal of fixed assets includes the transfer of interest in assets but does not include the charge of fixed assets as security. The validity of a disposal of fixed assets by the Company shall not be affected by any breach of the first paragraph of this article.	meeting for consideration. -	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

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Article 159 The Board shall explain at the general meeting with respect to any nonstandard audit opinions that any certified public accountant issues for the financial report of the Company.	Article 124 The Board shall explain at the general meeting with respect to any nonstandard audit opinions that any certified public accountant issues for the financial report of the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 111 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 160 The Board shall formulate the rules of procedures of the Board meetings to ensure the Board's implementation of the resolutions of the general meeting, so as to improve the efficiency of work and ensure scientific decision-making. The rules of procedures of the Board meetings which shall stipulate the holding and voting procedures of the Board meetings, shall be included in the Articles of Association as a part thereof or an Appendix thereto and shall be formulated by the Board and approved by the general meeting.	Article 125 The Board shall formulate the rules of procedures of the Board meetings to ensure the Board's implementation of the resolutions of the general meeting, so as to improve the efficiency of work and ensure scientific decision-making. The rules of procedures of the Board meetings which shall stipulate the holding and voting procedures of the Board meetings, shall be included in the Articles of Association as a part thereof or an Appendix thereto and shall be formulated by the Board and approved by the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 112 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Articles 161 The Board shall determine the scope of external investment, acquisition and disposal of assets, asset mortgage, external guarantee, consigned financial management, connected transactions, external donations, etc., and establish strict examination and decision-making procedures; major investment projects shall be assessed by relevant experts and professionals engaged for this purpose and proposed to the general meeting for approval.	Articles 126 The Board shall determine the scope of external investment, acquisition and disposal of assets, asset mortgage, external guarantee, consigned financial management, connected transactions, external donations, etc., and establish strict examination and decision-making procedures; major investment projects shall be assessed by relevant experts and professionals engaged for this purpose and proposed to the general meeting for approval.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 113 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC and Rules 6.1.15, 6.3.6 and 6.3.7 of the Rules Governing the
Save for the guarantees subject to consideration and approval at the general meeting as provided in Article 77, external guarantees provided by the Company are subject to approval of the Board:	Save for the guarantees subject to consideration and approval at the general meeting as provided in Article 60, external guarantees provided by the Company are subject to approval of the Board:	Listing of Stocks on the Shanghai Stock Exchange, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Connected transactions between the Company and its connected persons which satisfied the following standards shall be submitted to the Board for	Connected transactions between the Company and its connected persons which satisfied the following standards shall be submitted to the Board for
consideration and approval:	consideration and approval:
1 any contemplated connected transaction between the Company and its connected natural person in an	1 any contemplated connected transaction between the Company and its connected natural person in
amount over RMB300,000;	an amount (including liabilities and expenses assumed) over RMB300,000;
2 any contemplated connected transaction between
the Company and its connected legal person in an	2 any contemplated connected transaction
amount over RMB3,000,000 and accounting for 0.5% or more of the latest audited absolute value of net	between the Company and its connected legal person (or other organizations) in an amount
assets of the Company.	(including liabilities and expenses assumed) over
	RMB3,000,000 and accounting for 0.5% or more of
Any contemplated connected transaction between the	the latest audited absolute value of net assets of the
Company and its connected person in an amount over	Company.
RMB30,000,000 and accounting for 5% or more of
the latest audited absolute value of net assets of the	Any contemplated connected transaction between
Company shall be submitted to the general meeting	the Company and its connected person in an amount
for consideration after such transaction is considered	(including liabilities and expenses assumed) over
and approved by the Board.	RMB30,000,000 and accounting for 5% or more of the latest audited absolute value of net assets of the
The Board shall be entitled to approve and decide	Company shall be submitted to the general meeting
external investment, acquisition and disposal of	for consideration after such transaction is considered
assets, asset mortgage, etc. which are in an amount	and approved by the Board.
accounting for more than 5% but not exceeding 50%
of the latest audited absolute value of net assets of	The Board shall be entitled to approve and decide
the Company. In conducting aforesaid transactions,	external investment, acquisition and disposal of
the Company shall calculate based on the actual	assets, asset mortgage, etc. which are in an amount
amount, and all the transactions that are completed	accounting for more than 5% but not exceeding
within a period of twelve consecutive months shall	50% of the latest audited absolute value of net
be aggregated by category.	assets of the Company. In conducting aforesaid
	transactions, the Company shall calculate based on
	the actual amount, and all the transactions related
	to the subject matter under the same type of transactions and that are completed within a period
	of twelve consecutive months shall be aggregated.

Original articles	Amended articles	Basis of amendment
Any single external investment, acquisition and disposal of assets, asset mortgage, etc. which are in an amount accounting for more than 2% of the latest audited value of net assets of the Company shall be subject to the approval of the Board.	Any single external investment, acquisition and disposal of assets, asset mortgage, etc. which are in an amount accounting for more than 2% of the latest audited value of net assets of the Company shall be subject to the approval of the Board.
Where the CSRC and the stock exchange on which the shares of the Company are listed have other special provisions for the aforesaid transactions, the Company shall conduct the transactions in accordance with such provisions stipulated by the CSRC and the stock exchange on which the shares of the Company are listed.	Where the CSRC and the stock exchange on which the shares of the Company are listed have other special provisions for the aforesaid transactions, the Company shall conduct the transactions in accordance with such provisions stipulated by the CSRC and the stock exchange on which the shares of the Company are listed.
Article 162 The Chairman and vice chairman shall be elected or removed by a majority of all members of the Board. The Chairman and vice chairman shall serve a term of 3 years, and are eligible for re-election.	-	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 163 The Chairman shall exercise the following functions and powers:	Article 127 The Chairman shall exercise the following functions and powers:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
(1) to preside over the general meetings and to convene and preside over the Board meetings;	(1) to preside over the general meetings and to convene and preside over the Board meetings;	regulations and normative documents such as Article 114 of the currently effective Guidelines
(2) to supervise and examine the implementation of the resolutions of the Board;	(2) to supervise and examine the implementation of the resolutions of the Board;	for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
(3) to sign the share certificates, corporate bonds and other marketable securities of the Company;	(3) to sign the share certificates, corporate bonds and other marketable securities of the Company;	situation of the Company.
(4) to sign important documents of the Board and other documents which shall be signed by the legal representative of the Company;	(4) to sign important documents of the Board and other documents which shall be signed by the legal representative of the Company;
(5) to exercise the functions and powers as a legal representative; and	(5) to exercise the functions and powers as a legal representative; and
(6) to exercise other functions and powers conferred by the Board.	(6) to exercise other functions and powers conferred by the Board.
Article 164 The vice chairman of the Company shall assist the Chairman in work. Where the Chairman is unable or fails to perform his or her duties, the vice chairman shall discharge such duties (if the Company has two or more vice chairmen, then the duties shall be performed by the vice chairman elected by more than one half of the Directors). Where the vice chairman is unable or fails to perform his or her duties, more than one half of the Directors shall elect a Director to discharge such duties.	Article 128 The vice chairman of the Company shall assist the Chairman in work. Where the Chairman is unable or fails to perform his or her duties, the vice chairman shall discharge such duties (if the Company has two or more vice chairmen, then the duties shall be performed by the vice chairman elected by more than one half of the Directors). Where the vice chairman is unable or fails to perform his or her duties, more than one half of the Directors shall elect a Director to discharge such duties.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 115 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 165 Regular meetings of the Board shall be held at least 4 times a year. Meetings shall be convened by the Chairman. Notice of the meeting shall be given to all Directors and Supervisors 14 days before convening the meeting.	Article 129 Regular meetings of the Board shall be held at least 4 times a year. Meetings shall be convened by the Chairman. Notice of the meeting shall be given to all Directors 14 days before convening the meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 116 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 166 Any shareholder(s) holding more than one-tenth voting rights, more than one-third of the Directors or the Supervisory Committee and the Chief Executive Officer may propose the holding of an extraordinary meeting of the Board. The Chairman shall convene and preside over a Board meeting within 10 days after receipt of such proposal.	Article 130 Any shareholder(s) holding more than one-tenth voting rights, more than one-third of the Directors or the Audit Committee and the Chief Executive Officer may propose the holding of an extraordinary meeting of the Board. The Chairman shall convene and preside over a Board meeting within 10 days after receipt of such proposal.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 117 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 169 Unless otherwise specified in the Articles of Association, a Board meeting shall be attended by more than one half of the Directors. Save as otherwise specified in the Articles of Association, resolutions made by the Board must be passed by more than half of all Directors. As for the voting on a Board resolution, each Director shall have one vote. If the votes for and against a resolution are the same, the Chairman shall be entitled to an additional vote.	Article 133 Unless otherwise specified in the Articles of Association, a Board meeting shall be attended by more than one half of the Directors. Save as otherwise specified in the Articles of Association, resolutions made by the Board must be passed by more than half of all Directors. As for the voting on a Board resolution, each Director shall have one vote.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 120 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 170 If a Director has a connected relationship with an enterprise involved in a matter on which a resolution is to be made at a meeting of the Board, he/she may not exercise his or her right to vote regarding such resolution, nor may he/she exercise the voting right of another director as such Director's proxy thereon. Such a Board meeting may be held only if more than one half of the Directors without a connected relationship are present, and the resolutions made at such a Board meeting shall require adoption by more than one half of the Directors without a connected relationship. The independent directors shall issue independent opinions on the material connected transactions, and have the right to report to the delegated authority of the CSRC where the Company is domiciled when necessary. If the number of non-connected directors attending the meetings is less than three, the matter shall be submitted to the general meeting for consideration.	Article 134 If a Director has a connected relationship with an enterprise or individual involved in a matter on which a resolution is to be made at a meeting of the Board, such Director shall report to the Board in writing in a timely manner. The connected Director may not exercise his or her right to vote regarding such resolution, nor may he/ she exercise the voting right of another director as such Director's proxy thereon. Such a Board meeting may be held only if more than one half of the Directors without a connected relationship are present, and the resolutions made at such a Board meeting shall require adoption by more than one half of the Directors without a connected relationship. If the number of non-connected directors attending the meetings is less than three, the matter shall be submitted to the general meeting for consideration.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Measures for the Administration of Independent Directors of Listed Companies and Article 121 of the Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 172 If any resolution of the Board meeting is in violation of the laws, administrative regulations or the requirements of the CSRC, the Supervisory Committee shall require the Board to make rectification, and the operational management shall refuse to execute the resolution.	Article 136 If any resolution of the Board meeting is in violation of the laws, administrative regulations or the requirements of the CSRC, the operational management shall refuse to execute the resolution.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 173 Directors shall attend Board meetings in person. If any director cannot attend the meeting for any reason, he or she may authorize in writing another director to act on his or her behalf. The power of attorney shall set out the name of the proxy, the matters represented, scope of authorization and validity period, and shall be signed or sealed by the appointing Director. The appointed director who attends the meeting shall exercise the Director's duties within the scope of authorization. If a Director does not attend a Board meeting in person and does not appoint a proxy to attend the meeting, he or she shall be deemed to have waived the voting rights at the meeting.	Article 137 Directors shall attend Board meetings in person. If any director cannot attend the meeting for any reason, he or she may authorize in writing another director to act on his or her behalf. The power of attorney shall set out the name of the proxy, the matters represented, scope of authorization and validity period, and shall be signed or sealed by the appointing Director. The appointed director who attends the meeting shall exercise the Director's duties within the scope of authorization. If a Director does not attend a Board meeting in person and does not appoint a proxy to attend the meeting, he or she shall be deemed to have waived the voting rights at the meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 123 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 174 The Board shall file resolutions passed at the meeting as minutes, and audio record can be made. Minutes shall be true, accurate and complete records of the meeting process, the content of the resolution, speech and voting results of directors. Minutes shall be signed by the attending Directors and the recorder. The directors shall be responsible for the resolutions passed at Board meetings. If any resolution made by the Board is in violation of the laws, administrative regulations or the Articles of Association and causes any substantial losses to the Company, directors who vote for the said resolution shall be liable for compensation to the Company. If any director raises an objection to the resolution and the said objection is recorded in the minutes, the said director may be exempt from any liability. The minutes of Board meetings shall be kept for the Company's record for a term of not less than 15 years.	Article 138 The Board shall file resolutions passed at the meeting as minutes, and audio record can be made. Minutes shall be true, accurate and complete records of the meeting process, the content of the resolution, speech and voting results of directors. Minutes shall be signed by the attending Directors and the recorder. The directors shall be responsible for the resolutions passed at Board meetings. If any resolution made by the Board is in violation of the laws, administrative regulations, the Articles of Association or the resolutions of the general meeting and causes any substantial losses to the Company, directors who vote for the said resolution shall be liable for compensation to the Company. If any director raises an objection to the resolution and the said objection is recorded in the minutes, the said director may be exempt from any liability. The minutes of Board meetings shall be kept for the Company's record for a term of not less than 15 years.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 125 of the currently effective Company Law of the People's Republic of China, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
-	Section 3 Independent Directors	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
-	Article 140 Independent Directors shall diligently perform their duties in accordance with laws, administrative regulations, and the provisions of the CSRC, stock exchanges and the Articles of Association. They shall play roles in participating in decision-making, supervising and checking balances, and providing professional consultation in the Board, safeguard the overall interests of the Company and protect the legitimate rights and interests of minority shareholders.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 126 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
-	Article 141 Independent Directors must maintain their independence. None of the following persons may serve as Independent Directors: (1) any person who holds a position in the Company and its subsidiaries or the related parties of the Company in recent three years; (2) any person whose immediate relative and major social contact holds a position in the Company and its subsidiaries or the related parties of the Company; (3) any individual shareholder who directly or indirectly holds 1% or more of the issued shares of the Company or who ranks among the top 10 shareholders of the Company, or his/her immediate relatives;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 9 of the currently effective Measures for the Supervision and Administration of Directors, Supervisors, Senior Management Officers and Practitioners of Securities Fund Operating Institutions, Article 6 of the Measures for the Administration of Independent Directors of Listed Companies and Article 127 of the Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
	(4) any person who holds a position in a shareholder entity that directly or indirectly holds 5% or more of the issued shares of the Company or that ranks among the top 5 shareholders of the Company, or his/her immediate relatives;
	(5) any person who holds a position in a subsidiary of the controlling shareholder or de facto controller of the Company, or his/her immediate relatives;
	(6) any person who provides financial, legal, consulting, sponsorship, or other services to the Company, its controlling shareholder, de facto controller, or any of their respective subsidiaries, including but not limited to all members of the project team, reviewers at all levels, persons who sign the reports, partners, directors, senior management officers, and the primary persons in charge of the intermediaries that provide services;
	(7) any person who has interest relationship with senior management officers, other directors, supervisors and other personnel in important position of the Company and its related parties;
	(8) any person who holds a position in an organization that has business transactions with or is interested in the Company and its subsidiaries;
	(9) any person who has significant business transactions with the Company, its controlling shareholder, de facto controller, or any of their respective subsidiaries, or any person who holds a position in an entity that has significant business transactions with the Company or its controlling shareholder or de facto controller;

Original articles	Amended articles	Basis of amendment
	(10) any person who holds a position other than independent director in other securities and fund business institution;
	(11) any person who falls under any of the circumstances set forth in items (2) to (10) in one recent year;
	(12) any other person who is not independent as prescribed by laws, administrative regulations, the provisions of the securities regulatory authority of the places where the Company's shares are listed, the business rules of the stock exchanges and the Articles of Association.
	The subsidiaries of the controlling shareholder or de facto controller of the Company as mentioned in items (5), (6) and (9) in the preceding paragraph shall not include an enterprise controlled by the same state-owned assets management institution with the Company and does not constitute any related party relationship with the Company according to relevant requirements.
	Independent Directors shall conduct a self-assessment on their independence annually and submit the self-assessment results to the Board. The Board shall annually evaluate the independence of the incumbent Independent Directors and issue a specific opinion, which shall be disclosed concurrently with the annual report.

Original articles	Amended articles	Basis of amendment
-	Article 142 An Independent Director of the Company shall satisfy the conditions as follows:	A m e n d m e n t i s m a d e i n accordance with the relevant
	(1) being qualified to be a director of the listed	requirements of relevant laws, regulations and normative
	companies or securities companies in accordance	documents such as Article 7 of
	with laws, administrative regulations and other relevant provisions;	the currently effective Measures f o r t h e A d m i n i s t r a t i o n o f
		Independent Directors of Listed
	(2) meeting the independence requirement as	Companies and Article 128 of
	required by relevant laws and regulations and the	the Guidelines for the Articles of
	Articles of Association;	Association of Listed Companies
		of the CSRC, and taking into
	(3) having basic knowledge on the operation of listed companies and financial enterprises and	account the actual situation of the Company.
	being familiar with relevant laws, administrative
	regulations, policies and rules;

	(4) having over five years of work experience in
	law, accounting or economics and other necessary experience for performing the duties of an
	independent director;

	(5) having good personal moral character and
	no major breach of integrity or other adverse
	records;
	(6) not subject to the circumstances specified in
	Article 7 of the Measures for the Supervision
	and Administration of Directors, Supervisors,
	Senior Management Officers and Practitioners of
	Securities Fund Operating Institutions;
	(7) at least one of the Independent Directors of
	the Company shall be ordinarily resident in Hong
	Kong;

	(8) other conditions provided by laws,
	administrative regulations, the requirements of the CSRC, the business rules of the stock
	exchanges of the place(s) where the Company's
	shares are listed and the Articles of Association.

Original articles	Amended articles	Basis of amendment
-	Article 143 As members of the Board, the Independent Directors shall have duties of loyalty and diligence to the Company and all	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
	shareholders, and shall prudently perform the	regulations and normative
	following duties:	documents such as Article 129 of
		the currently effective Guidelines
	(1) participating in the decision-making of the	for the Articles of Association of
	Board and expressing explicit opinions on the	Listed Companies of the CSRC,
	matters considered;	and taking into account the actual
		situation of the Company.
	(2) supervising matters on potential material
	conflicts of interest between the Company and
	controlling shareholders, de facto controllers,
	Directors and senior management officers, and
	protecting the lawful rights and interests of minority shareholders;
	(3) providing professional and objective advice on the operation and development of the Company
	and improving the decision-making of the Board; (4) performing other duties prescribed by laws,
	administrative regulations, the requirements of the CSRC and the Articles of Association.

Original articles	Amended articles	Basis of amendment
-	Article 144 The Independent Directors may exercise the following special powers:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
	(1) engaging intermediaries independently to	regulations and normative
	conduct audit, consultation or verification on	documents such as Article 130 of
	specific matters of the Company;	the currently effective Guidelines
		for the Articles of Association of
	(2) proposing to the Board to convene an	Listed Companies of the CSRC,
	extraordinary general meeting;	and taking into account the actual
		situation of the Company.
	(3) proposing to convene Board meetings;

	(4) soliciting shareholders' rights from
	shareholders publicly in accordance with laws;

	(5) expressing independent opinions on matters
	that may prejudice the rights and interests of the
	Company or minority shareholders;

	( 6 ) o t h e r p o w e r s p r e s c r i b e d b y l a w s ,
	administrative regulations, the requirements of the CSRC and the Articles of Association.

	Independent Directors shall seek the consent of
	a majority of all Independent Directors before
	exercising the powers under items (1) to (3) of the
	preceding paragraph.

	The Company shall make disclosure in a timely
	manner if an Independent Director exercises the
	power specified in paragraph 1 of this Article.
	If the aforesaid power cannot be performed
	normally, the Company shall disclose the specific
	circumstances and reasons therefor.

Original articles	Amended articles	Basis of amendment
-	Article 145 The following matters shall be submitted to the Board for consideration after approval by a majority of all Independent Directors of the Company:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
	(1) related party transactions that should be disclosed;	documents such as Article 131 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC,
	(2) the Company and the relevant parties' plan to change or waive the undertaking;	and taking into account the actual situation of the Company.
	(3) the decisions made and measures taken by the board of directors of the acquired listed company regarding the acquisition;
	( 4 ) o t h e r m a t t e r s s t i p u l a t e d b y l a w s , administrative regulations, the requirements of the CSRC and the Articles of Association.
-	Article 146 The Company shall establish a mechanism for special meetings attended by all Independent Directors. Matters such as the consideration of related party transactions by the Board shall require prior approval by the special meeting of Independent Directors.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 132 of the currently effective Guidelines for the Articles of Association of
	The Company shall hold a special meeting of Independent Directors on a regular or irregular basis. Matters listed in items (1) to (3) of paragraph 1 of Article 144, and Article 145 of the Articles of Association shall be considered at the special meeting of Independent Directors.	Listed Companies of the CSRC, and taking into account the actual situation of the Company.
	The special meeting of Independent Directors may study and discuss other matters of the Company if necessary.

Original articles	Amended articles	Basis of amendment
	The special meeting of Independent Directors shall be convened and presided over by an Independent Director jointly elected by a majority of the Independent Directors; in the event that the convener fails to or is unable to perform his/her duties, two or more Independent Directors may convene and elect a representative to preside over the meeting on their own.
	Meeting minutes shall be prepared for the special meeting of Independent Directors in accordance with regulations, and the opinions of Independent Directors shall be recorded in the meeting minutes. Independent Directors shall sign the meeting minutes for confirmation.
	The Company shall facilitate and support the convening of the special meeting of Independent Directors.
Article 176 The Board establishes Compliance and Risk Management Committee, Audit Committee, Development Strategy Committee, Nomination Committee and Remuneration and Appraisal Committee. The special committees shall be responsible for the Board of Directors, and the Board of Directors shall be responsible for formulating the working procedures of the special committees and regulating their operation. All members of the special committees shall be Directors, among which, a majority of the members of Audit Committee, Nomination Committee and Remuneration and Appraisal Committee shall be independent Directors, one of whom shall act as the convener. The convener of the Audit Committee shall be an accounting professional. The establishment of special committees under the Board is subject to the approval in the general meeting.	Article 147 The Board establishes Audit Committee, Compliance and Risk Management Committee, Development Strategy Committee, Nomination Committee and Remuneration and Appraisal Committee, which perform their duties in accordance with the Articles of Association and the authorization of the Board. Proposals from special committees shall be submitted to the Board for review and decision. The rules of procedure for special committees shall be formulated by the Board. All members of the special committees shall be Directors, among which, more than half of the members of Audit Committee, Nomination Committee and Remuneration and Appraisal Committee shall be independent Directors, with independent Director acting as the convener. The establishment of special committees under the Board is subject to the approval in the general	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 137 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
-	Article 148 The Audit Committee of the Board	A m e n d m e n t i s m a d e i n
	of the Company shall exercise the powers and	accordance with the relevant
	functions of the supervisory committee as	requirements of relevant laws,
	stipulated in the Company Law.	regulations and normative
		documents such as Article 133 of
		the currently effective Guidelines
		for the Articles of Association of
		Listed Companies of the CSRC,
		and taking into account the actual
		situation of the Company.
-	Article 149 The Audit Committee shall comprise	A m e n d m e n t i s m a d e i n
	more than three members. Members of the Audit	accordance with the relevant
	Committee shall be the Directors who do not hold	requirements of relevant laws,
	senior management positions in the Company. A	regulations and normative
	majority of them shall be Independent Directors,	documents such as Article 134 of
	and an accounting professional among the	the currently effective Guidelines
	Independent Directors shall serve as the convener.	for the Articles of Association of
	The employee representative among the members	Listed Companies of the CSRC,
	of the Board may become a member of the Audit	and taking into account the actual
	Committee.	situation of the Company.

Original articles	Amended articles	Basis of amendment
-	Article 150 The Audit Committee shall be responsible for reviewing the Company's financial information and its disclosure, and supervising and evaluating internal and external auditing work and internal control. Main duties of the Audit Committee: (1) monitoring the annual audits, making judgments on the truthfulness, accuracy and completeness of audited financial reports and submitting them to the Board for consideration;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 135 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
	(2) proposing to hire or replace the external auditor, and supervise the practice of external auditors;
	(3) being responsible for communications between the internal audit and the external audit;
	(4) reviewing the financial supervision, internal control and risk management system of the Company;
	(5) discussing with the management level about the internal control system to ensure that the management level has performed its duty of establishing an effective internal control system;
	(6) other duties specified by the Articles of Association and the listing rules of the places where the shares of the Company are listed.
	The following matters shall be submitted to the Board for consideration with the approval of more than half of all members of the Audit Committee:
	(1) disclosure of financial information in the financial accounting report and periodic report, as well as the internal control and evaluation report;

Original articles	Amended articles	Basis of amendment
	(2) engagement or dismissal of the accounting firm performing audit of the Company;
	(3) appointment or dismissal of the Chief Financial Officer of the Company;
	(4) change of accounting policies, accounting estimates or correction of material accounting
	errors for reasons other than changes in accounting standards;
	(5) other matters as stipulated by laws, administrative regulations, the requirements of the CSRC and the Articles of Association.
-	Article 151 The Audit Committee shall hold at least one meeting every quarter. An extraordinary meeting may be convened upon proposal by two or more members, or when deemed necessary by the convener. Meetings of the Audit Committee require the attendance of over two-thirds of its	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 136 of the currently effective Guidelines
	members. Resolutions of the Audit Committee shall be	for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
	passed by more than half of its members.	situation of the Company.
	Voting on resolutions of the Audit Committee shall be on a one-member, one-vote basis.
	Meeting minutes shall be prepared for the resolutions of the Audit Committee in accordance
	with regulations, and members of the Audit Committee attending the meeting shall sign the meeting minutes.
	The rules of procedure for the Audit Committee shall be formulated by the Board.

Article 178 Main duties of the Audit Committee: – A m e n d m e n t i s m a d e i n
accordance with the relevant (1) monitoring the annual audits, making judgments requirements of relevant laws,
on the truthfulness, accuracy and completeness of regulations and normative
audited financial reports and submitting to the Board documents such as the currently
for consideration; effective Guidelines for the
Articles of Association of Listed
(2) proposing to hire or replace the external auditor, Companies of the CSRC, and
and supervise the practice of external auditors; taking into account the actual
situation of the Company.
(3) being responsible for the communications
between the internal audit and the external audit;
(4) reviewing the financial supervision, internal
control and risk management system of the
Company;

(5) discussing with the management level about
the internal control system to ensure that the
management level has performed its duty of
establishing an effective internal control system;

(6) other duties specified by the Articles of
Association and the listing rules of the locality where
the shares of the Company are listed.

The Audit Committee shall comprise at least three
members, all of whom are non-executive Directors,
and at least one of the independent Directors is an
accounting professional with more than five years'
experience engaged in accounting work.
The meeting of the Audit Committee shall be
convened by an independent Director of the
Company.

Original articles	Amended articles	Basis of amendment
Article 180 Main duties of the Nomination	Article 154 The Nomination Committee is	A m e n d m e n t i s m a d e i n
Committee:	responsible for formulating the selection	accordance with the relevant
	criteria and procedures for Directors and senior	requirements of relevant laws,
(1) reviewing and opining on the election standards	management officers, selecting and reviewing	regulations and normative
and procedures of the Directors and senior	candidates for Directors and senior management	documents such as Article 138 of
management officers;	officers and their qualifications, and making	the currently effective Guidelines
	recommendations to the Board. Main duties of the	for the Articles of Association of
(2) searching for eligible candidates for Directors	Nomination Committee include:	Listed Companies of the CSRC
and senior management officers;		and the Hong Kong Listing Rules,
	(1) reviewing the structure, headcount and	and taking into account the actual
(3) reviewing and opining on the qualification criteria	composition (including skills, knowledge and	situation of the Company.
of candidates for Directors and senior management	experience) of the Board at least once each year,
officers;	assisting the Board in preparing a Board skills
	matrix, and making recommendations regarding
(4) reviewing the structure, size and composition of	any proposed changes in the Board in line with
the Board (including the expertise, knowledge and	the Company's strategies;
experience) at least annually; and
	(2) considering and opining on the criteria and
(5) other duties specified by the Articles of	procedures for the selection of Directors and
Association and the listing rules of the locality where	senior management officers;
the shares of the Company are listed.
	(3) searching for qualified candidates for
The meeting of the Nomination Committee shall	Directors and senior management officers, and
be convened by an independent Director of the	selecting from the list of nominated Director
Company.	candidates or making recommendations to the
	Board;

Original articles	Amended articles	Basis of amendment
	(4) reviewing and opining on the qualification
	criteria of candidates for Directors and senior
	management officers;

	(5) assessing the independence of independent
	Directors;
	(6) making recommendations to the Board on the
	appointment or reappointment of Directors and
	succession planning for Directors (in particular
	the Chairman and the Chief Executive Officer);

	(7) supporting the Company in regularly assessing
	the performance of the Board; and

	(8) other matters as required by laws,
	administrative regulations, the CSRC, listing
	rules of the stock exchanges where the Company's
	shares are listed, and the Articles of Association.
	If the Board fails to adopt or fails to fully
	adopt the recommendations of the Nomination
	Committee, it shall record the opinions of the
	Nomination Committee and the specific reasons
	for non-adoption in the resolutions of the Board,
	and make disclosures accordingly.

Original articles	Amended articles	Basis of amendment
Article 181 Main duties of the Remuneration and Appraisal Committee: (1) reviewing and opining on the remuneration and appraisal management system of Directors and senior management officers; (2) assessing and opining on the Directors and senior management officers; (3) such other duties specified by the Articles of Association and the listing rules of the locality where	Article 155 The Remuneration and Appraisal Committee is responsible for formulating appraisal standards for Directors and senior management officers and conducting appraisals, formulating and reviewing the remuneration policies and proposals including compensation decision mechanism and process, payment and stop-payment recourse arrangements for Directors and senior management officers, and making recommendations to the Board. Main duties of the Remuneration and Appraisal Committee include:	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 139 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
the shares of the Company are listed. The meeting of the Remuneration and Appraisal Committee shall be convened by an independent Director of the Company.	(1) reviewing and opining on the remuneration and appraisal management system of Directors and senior management officers;
	(2) assessing the Directors and senior management officers and making recommendations on their remuneration;
	(3) making recommendations on formulating or changing equity incentive schemes, employee shareholding schemes, and conditions for incentive participants to be granted with and exercise interests;
	(4) making recommendations on arrangement of stock ownership plans for subsidiaries to be spun off by Directors and senior management officers; and
	(5) other matters as required by laws, administrative regulations, the CSRC, listing rules of the stock exchanges where the Company's shares are listed, and the Articles of Association.
	If the Board fails to adopt or fails to fully adopt the recommendations of the Remuneration and Appraisal Committee, it shall record the opinions of the Remuneration and Appraisal Committee and the specific reasons for non-adoption in the resolutions of the Board, and make disclosures accordingly.

Original articles	Amended articles	Basis of amendment
Article 182 Each specialized committee may engage intermediaries to provide professional advice at the expense of the Company.	Article 156 A specialized committee may engage intermediaries to provide professional advice. The expenses incurred by the specialized committee in performing its duties shall be borne by the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 44 of the currently effective Code of Corporate Governance for Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 183 All the specialized committees shall be accountable to the Board and submit working reports to the Board pursuant to the requirements of the Articles of Association. The Board shall listen to the opinions of the specialized committees before making any decision on matters related to the duties of the specialized committees.	Article 157 Specialized committees shall be accountable to the Board and submit working reports to the Board pursuant to the requirements of the Articles of Association. The Board shall listen to the opinions of the specialized committees before making any decision on matters related to the duties of the specialized committees.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 41 of the currently effective Corporate Governance Rules for Securities Companies of the CSRC, and taking into account the actual situation of the Company.
Article 184 The Company shall have a secretary to the Board, concurrently being a senior management officer of the Company and shall be responsible for the organization of the general meeting and the Board meeting, document keeping and management of information regarding the shareholders of the Company, and shall provide relevant information and deal with information disclosure and other matters pursuant to the provisions and according to the requirements of the relevant unit including the CSRC and its delegated authorities and shareholders or of individuals. The secretary to the Board shall comply with the relevant provisions of the laws, administrative regulations, departmental rules and in the Articles of Association.	Article 158 The Company shall have a secretary to the Board, concurrently being a senior management officer of the Company and shall be responsible for the organization of the general meeting and the Board meeting, document keeping and management of information regarding the shareholders of the Company, and shall provide relevant information and deal with information disclosure and other matters pursuant to the provisions and according to the requirements of the relevant unit including the CSRC and its delegated authorities and shareholders or of individuals. The secretary to the Board shall comply with the relevant provisions of the laws, administrative regulations, departmental rules and in the Articles of Association.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 185 The secretary to the Board shall have the requisite professional knowledge and experience and shall be appointed by the Board, and shall possess the following criteria: (1) he or she shall be of good character, faithful and honest;	Article 159 The secretary to the Board shall have the requisite professional knowledge and experience and shall be appointed by the Board. Directors and other senior management officers of the Company, except for independent directors, may also act as the secretary to the Board.	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.
(2) he or she shall be familiar with laws, administrative regulations, rules and other regulatory documents, and have the operation and management capacity required to perform his or her duties;	The registered accountant(s) of the certified public accountants' firm and attorney(s) of the law firm appointed by the Company shall not act as the secretary to the Board.
(3) he or she shall have more than three years' experience in securities or more than five years' experience in the field of finance, economics, laws and accounting;
(4) he or she shall be licensed to practice in the securities business;
(5) he or she shall be at least university graduates or possess a degree higher than a bachelor degree;
(6) he or she shall have no less than two years' experience of being in charge of a department in a securities company or no less than four years' experience of being in charge of a department in financial institutions or of comparable management experience;
(7) he or she shall have the requisite qualification recognized by the CSRC;
(8) he or she shall fulfill other criteria required by laws, rules, administrative regulations, departmental rules and the Articles of Association.

Original articles	Amended articles	Basis of amendment
A person may not serve as a secretary to the
Board in event of any of the following:

(1) a person who has been subject to the administrative punishment of the CSRC during
the past three years;

(2) a person who has been publicly reprimanded
by the stock exchange or who has been criticized
for more than three times in the past three years;
(3) any existing Supervisor of the Company;

(4) such other situations where he or she is
considered to be inappropriate, by the Shanghai
Stock Exchange, to act as the secretary to the
Board.
Article 186 Main duties of the secretary to the	Article 160 Main duties of the secretary to the	A m e n d m e n t i s m a d e i n
Board:	Board:	accordance with the relevant
		requirements of relevant laws,
(1) taking charge of the communication and liaison	(1) taking charge of the Company's information	regulations and normative
between the Company and its relevant parties and	disclosure affairs, coordinating the Company's	documents such as Rule 4.4.2
the Shanghai Stock Exchange, the Hong Kong Stock	information disclosure, organizing and	of the Rules Governing the
Exchange and other securities regulatory authorities;	formulating the Company's information	Listing of Stocks on the Shanghai
being responsible for the preparation and submission	disclosure affairs management system, and urging	Stock Exchange, and taking into
of the documents required by the securities regulatory	the Company and the relevant information	account the actual situation of the
authorities at the places where the shares are listed	disclosure obligors to comply with the relevant	Company.
and the organization and completion of the tasks	information disclosure regulations;
arranged by the regulatory authorities; ensuring that
the Company shall prepare and submit the reports
and documents required by the regulatory authorities.

Original articles	Amended articles	Basis of amendment
(2) dealing with the disclosure of information by	(2) being responsible for investor relations
the Company, urging the Company to formulate and	management, coordinating the information
implement policies regarding information disclosure	communication between the Company and
and internal reporting of significant information,	securities regulatory authorities, investors and de
causing the Company and its relevant parties to	facto controllers, intermediary agencies, media,
perform their obligations of information disclosure,	etc.;
and procuring regular and extraordinary reporting
on information disclosure to the stock exchange in	(3) preparing and organizing meetings of the
accordance with the laws.	Board and its specialized committees and general
	meetings, attending general meetings, Board
(3) organizing and preparing general meetings, the	meetings and meetings of the senior management
Board meetings and the meetings of the specialized	officers, and being responsible for making minutes
committees of the Board, preparing and submitting	for the Board meetings and signing thereon;
documents and materials regarding the Board
meetings, general meetings and other relevant	(4) being responsible for the confidentiality of the
meetings; attending the Board meetings and taking	Company's information disclosure, and reporting
minutes, ensuring the accuracy of the minutes and	and disclosing any leakage of major undisclosed
signing on the same; being responsible for safe	information to the Shanghai Stock Exchange in a
keeping the documents and minutes of the Board	timely manner;
meetings, meetings of the specialized committees
of the Board and general meetings; and being	(5) paying attention to media coverage and taking
responsible for submitting the documents of general	the initiative to verify the truth, and urging the
meetings, meetings of the Board and Supervisory	relevant parties in the Company to reply to the
Committee to the CSRC for filing and others.	inquiries of the Shanghai Stock Exchange in a
	timely manner;

Original articles	Amended articles	Basis of amendment
(4) ensuring that the Company has the complete set of the organization documents and records. (5) being responsible for coordinating and organizing the Company's information disclosure matters, including improving a sound information disclosure system, serving guests, being responsible for the communication with media and investors, answering the consultation of the public, connecting with the shareholders, timely providing the publicly disclosed information of the Company to the eligible investors to ensure the timeliness, legality, trueness and completeness of the information disclosure of the Company. (6) attending meetings involving information disclosure. The relevant departments of the Company shall provide the material and information required by the information disclosure to the secretary to the Board. Prior to making material decisions, the	(6) arranging trainings on the relevant laws and regulations and the relevant rules of the Shanghai Stock Exchange for the Company's Directors and senior management officers, and assisting such persons to understand their responsibilities in respect of information disclosure; (7) urging the Directors and senior management officers to abide by the laws and regulations, the relevant rules of the Shanghai Stock Exchange and the Articles of Association, and earnestly fulfil the commitments they have made; when he/she is aware that the Company, Directors and senior management officers have made or may make resolutions that violate the relevant provisions, he/ she shall remind them and report the same to the Shanghai Stock Exchange in a timely manner; (8) being responsible for the management of the changes in the Company's shares and the
Company shall seek the opinions of the secretary to the Board from the perspective of the information disclosure. (7) maintaining confidentiality in respect of information, formulating confidentiality measures, procuring Directors, Supervisors, other senior management officers and relevant informed persons to keep confidential before information disclosure, and taking timely remedies upon the leakage of insider information and reporting the same to the stock exchanges and securities regulatory management authority at the places where the shares are listed.	derivatives thereof; (9) other duties as required under the laws, regulations, departmental rules, normative documents and the listing rules of the place where the Company's shares are listed. The Board and senior management officers shall provide active support for the work of the secretary to the Board. Any entities or individuals of the Company shall not interference with the normal work of the secretary to the Board.

Original articles	Amended articles	Basis of amendment
(8) ensuring the establishing of the register of
shareholders of the Company, and ensuring that
the persons who are entitled to access to relevant
documents and records of the Company obtain such
records and documents in a timely way.

(9) maintaining the register of shareholders, the
register of Directors, Supervisors and senior
management officers of the Company and the
information regarding the shareholding in the
Company of controlling shareholders, Directors,
Supervisors and senior management officers and the
seal of the Board.

(10) assisting the Directors, Supervisors, senior
management officers of the Company to understand
laws, regulations, rules, Articles of Associations
and the securities listing rules at the places where
the shares of the Company are listed and their
responsibilities specified in the share listing
agreement.

(11) procuring the Board to exercise powers by
laws; reminding the attending Directors when the
resolutions to be made by the Board do not comply with the relevant laws, administrative regulations,
departmental rules, securities listing rules, other
regulations of the stock exchanges and the Articles
of Association, and requesting the Supervisors
present at meeting to express their opinions;
recording the opinions of relevant Supervisors
and persons in the minutes if the Board insists on
making the aforesaid resolutions, and simultaneously
reporting such to the Shanghai Stock Exchange.

Original articles	Amended articles	Basis of amendment
(12) providing consultation and advices regarding the material decisions of the Company.
(13) fulfilling other duties specified in the Company Law, other laws, regulations, rules, listing rules at the places where the securities of the Company are listed.
The Board and senior management officers shall provide active support for the work of the secretary to the Board. Any entities or individuals of the Company shall not interference with the normal work of the secretary to the Board.
Article 187 Directors and other senior management officers of the Company, except for independent directors, may also act as the secretary to the Board. The registered accountant(s) of the certified public accountants' firm and attorney(s) appointed by the Company shall not act as the secretary to the Board.	–	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company, with articles combined.
Article 188 The secretary to the Board shall be nominated by the Chairman and appointed or dismissed by the Board. When the office of the secretary to the Board is held concurrently by a Director, and an act is required to be made by a Director and the secretary to the Board separately, the person who concurrently holds the offices of Director and Secretary to the Board shall not perform the act in dual capacity.	Article 161 The secretary to the Board shall be appointed or dismissed by the Board. When the office of the secretary to the Board is held concurrently by a Director, and an act is required to be made by a Director and the secretary to the Board separately, he/she shall not perform the act in dual capacity.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 110 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 189 The Company proactively establishes and improves the management system on investor relations and reports the same to be considered by the Board. The Company shall enhance the communication and exchange with shareholders, and in particular, the public shareholders, via various means. The secretary to the Board shall be responsible for the management on investor relations.	–	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company, with articles combined.
CHAPTER VI CHIEF EXECUTIVE OFFICER, EXECUTIVE COMMITTEE AND OTHER SENIOR MANAGEMENT OFFICERS	CHAPTER VI SENIOR MANAGEMENT OFFICERS	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.
Article 190 The Company shall have an executive committee and the Chief Executive Officer. The Executive Committee is the highest operational and management organ of the Company for the purpose of carrying out the guidelines and policies of the Board of Directors. It includes one Chief Executive Officer and several members of the Executive Committee. The Chief Executive Officer is the director of the Executive Committee of the Company.	Article 162 The Company shall have an executive committee and the Chief Executive Officer and Co Chief Executive Officer. The Executive Committee is the highest operational and management organ of the Company for the purpose of carrying out the guidelines and policies of the Board of Directors, which consists of the director of the Executive Committee and several other members of the Executive Committee. The Chief Executive Officer is the director of the Executive Committee of the Company. The Board may appoint Co-Chief Executive Officers as necessary for management purposes to assist the Chief Executive Officer in the exercise of his or her powers.	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
A Director may be employed to concurrently act as the Chief Executive Officer, members of the Executive Committee or other senior management officers.	A Director may be employed to concurrently act as the Chief Executive Officer, Co-Chief Executive Officer, members of the Executive Committee or other senior management officers.
The Chief Executive Officer, members of the Executive Committee and other senior management officers shall be appointed or dismissed by the Board.	The Chief Executive Officer, Co-Chief Executive Officer, members of the Executive Committee and other senior management officers shall be appointed or dismissed by the Board.
The senior management officers of the Company shall not concurrently hold offices in other profit making institutions, except for those otherwise stipulated by laws, administrative regulations or the CSRC.	The senior management officers of the Company shall not concurrently hold offices in other profit making institutions, except for those otherwise stipulated by laws, administrative regulations or the CSRC.
The senior management officers shall meet the requirements of laws and regulations and the CSRC. Persons failing to meet such requirements shall not be authorized by the Company to perform the duties of the senior management officers.	The senior management officers shall meet the requirements of laws and regulations and the CSRC. Persons failing to meet such requirements shall not be authorized by the Company to perform the duties of the senior management officers.
The appointment or removal of senior management officers of the Company shall be reported to the securities regulatory authority of the State Council for filing.	The appointment or removal of senior management officers of the Company shall be reported to the securities regulatory authority of the State Council for filing.

Original articles	Amended articles	Basis of amendment
Article 191 The provisions under Article 147 in relation to the fiduciary duties of Directors and provisions (4) to (6) under Article 148 in relation to the due diligence obligations shall be applicable to the senior management officers. Senior management officers of the Company shall faithfully perform their duties and safeguard the best interests of the Company and all shareholders. If any senior management officers of the Company causes damage to the interests of the Company and its public shareholders due to failure in faithfully performing their duties or violation of his/her fiduciary duties, he/she shall be liable for compensation in accordance with the laws.	Article 163 The provisions under the Articles of Association in relation to circumstances under which a person may not serve as a Director and the resignation management system shall be applicable to senior management officers. The provisions under the Articles of Association in relation to fiduciary duties and due diligence obligations of Directors shall be applicable to senior management officers.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 141 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 193 The principal person in charge of the operation and management of the Company shall report to the Board or Supervisory Committee on the execution of significant contracts, implementation status, application of funds as well as profit and loss of the Company as requested by the Board or Supervisory Committee. The principal person in charge of the operation and management shall ensure the trueness, accuracy and completeness of the report. The principal person in charge of the operation and management who does not hold the position of Director can attend the Board meeting. The principal person in charge of the operation and management refers to the Chief Executive Officer, or the person in charge of the management committee or executive committee exercising the power of the Chief Executive Officer of the Company.	Article 165 The principal person in charge of the operation and management of the Company shall report to the Board on the execution of significant contracts, implementation status, application of funds as well as profit and loss of the Company as requested by the Board. The principal person in charge of the operation and management shall ensure the trueness, accuracy and completeness of the report. The principal person in charge of the operation and management who does not hold the position of Director can attend the Board meeting. The principal person in charge of the operation and management refers to the Chief Executive Officer, or the person in charge of the management committee or executive committee exercising the power of the Chief Executive Officer of the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 196 The Chief Executive Officer, members of the Executive Committee and other senior management officers shall serve a term of three years and may serve consecutive terms upon reappointment.	Article 168 The Chief Executive Officer, Co Chief Executive Officer, members of the Executive Committee and other senior management officers shall serve a term of three years and may serve consecutive terms upon reappointment.	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.
Article 197 The Chief Executive Officer shall be accountable for the Board and exercise the following powers:	Article 169 The Chief Executive Officer shall be accountable for the Board and exercise the following powers:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles
(1) to be in charge of the operation and management of the Company, to organize the implementation of the resolutions of the Board, and to report his or her work to the Board;	(1) to be in charge of the operation and management of the Company, to organize the implementation of the resolutions of the Board, and to report his or her work to the Board;	of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative
(2) to organize and implement the Company's annual operational plan and investment plan;	(2) to organize and implement the Company's annual operational plan and investment plan;	documents such as Article 144 of the currently effective Guidelines for the Articles of Association of
(3) to prepare the plan of the basic management system of the Company;	(3) to prepare the plan of the basic management system of the Company;	Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(4) to formulate the Company's specific rules;	(4) to formulate the Company's specific rules;
(5) to propose to the Board to appoint or dismiss members of the executive committee, Chief Financial Officer, Chief Compliance Officer, Chief Risk Officer and other senior management officers of the Company; (6) to decide to appoint or dismiss executives other	(5) to propose to the Board to appoint or dismiss Co Chief Executive Officer, members of the executive committee, Chief Operation Officer, Chief Financial Officer, Chief Compliance Officer, Chief Risk Officer and other senior management officers of the Company;
than those appointed or removed by the Board;	(6) to decide to appoint or dismiss executives other than those appointed or removed by the Board;

Original articles	Amended articles	Basis of amendment
(7) to determine the appointment and dismissal of the	(7) to determine the appointment and dismissal of the
staff of the Company;	staff of the Company;

(8) to carry out the Company's risk control system,	(8) to carry out the Company's risk control system,
and to ensure the Company complies with the risk	and to ensure the Company complies with the risk
control index prescribed by the CSRC;	control index prescribed by the CSRC;
(9) to exercise other functions and powers conferred	(9) to exercise other functions and powers conferred
in the Articles of Association and by the Board.	in the Articles of Association and by the Board.

The Chief Executive Officer shall be in charge of	The Chief Executive Officer shall be in charge of
the daily work of the Company, attend the Board	the daily work of the Company, attend the Board
meeting and report his or her work to the Board.	meeting and report his or her work to the Board.
Chief Executive Officer who is not a Director does
not have voting rights at the Board meeting.	As for the connected transactions between the
	Company and connected persons, should the
In exercising his or her power, the Chief Executive	transactions not reach the standards specified
Officer shall fulfill a fiduciary obligation and	in paragraph 3 of Article 126 in the Articles of
have a duty of due diligence pursuant to the	Association, the Chief Executive Officer is entitled
requirements of laws, administrative regulations	to make the decision of examination and approval.
and the Articles of Association.
	As for external investments, acquisition and disposal
As for the connected transactions between the	of assets, assets mortgages and other matters of
Company and connected persons, should the	the Company, should the foregoing matters not
transactions not reach the standards specified	reach the standards specified in paragraph 5 of
in paragraph 3 of Article 161 in the Articles of	Article 126 in the Articles of Association, the Chief
Association, the Chief Executive Officer is entitled	Executive Officer is entitled to make the decision of
to make the decision of examination and approval.	examination and approval.




	The Chief Executive Officer of the Company shall take the major responsibility for the effectiveness of the execution of the comprehensive risk management of the Company.

Original articles	Amended articles	Basis of amendment
As for external investments, acquisition and disposal
of assets, assets mortgages and other matters of
the Company, should the foregoing matters not
reach the standards specified in paragraph 5 of
Article 161 in the Articles of Association, the Chief
Executive Officer is entitled to make the decision of
examination and approval.

The Chief Executive Officer of the Company shall
take the major responsibility for the effectiveness of
the execution of the comprehensive risk management
of the Company.
Article 198 The executive committee shall perform	Article 170 The executive committee shall perform	A m e n d m e n t i s m a d e i n
the following functions and powers:	the following functions and powers:	accordance with the relevant
		requirements of relevant laws,
(1) to implement business policy as approved by the	(1) to implement business policy as approved by the	regulations and normative
Board and determine important issues relating to the	Board and determine important issues relating to the	documents such as the currently
operation and management of the Company;	operation and management of the Company;	effective Guidelines for the
		Articles of Association of Listed
(2) to draft and implement the financial budget of	(2) to draft profit distribution plan and loss	Companies of the CSRC and
the Company;	recovery plan of the Company;	Article 9 of the Regulation on
		Comprehensive Risk Management
(3) to draft final accounting plan, profit distribution	(3) to draft plans for change of registered capital and	of Securities Companies of the
plan and loss recovery plan of the Company;	issuance of corporate bonds;	Securities Association of China,
		and taking into account the actual
(4) to draft plans for change of registered capital and	(4) to draft plans for merger, division, change or	situation of the Company.
issuance of corporate bonds;	dissolution;

Original articles	Amended articles	Basis of amendment
(5) to draft plans for merger, division, change or	(5) to draft business plans, investment, financing and
dissolution;	assets disposal plans, which shall be submitted for
	approval by the board of directors in accordance with
(6) to draft business plans, investment, financing and	corresponding scope of authority;
assets disposal plans, which shall be submitted for
approval by the board of directors in accordance with	(6) to develop specific implementation plans for
corresponding scope of authority;	risk appetite, risk tolerance and major risk limits,
	regularly assess the Company's overall risk and
(7) to draft the plan for establishment of the internal	various important risk management conditions,
management departments of the Company;	resolve issues in risk management, and report to
	the Board;
(8) to deploy and implement various works for
cultural construction;	(7) to draft the plan for establishment of the internal
	management departments of the Company;
(9) to formulate and approve the plans for wages,
awards and penalties of the staff of the Company;	(8) to deploy and implement various works for
	cultural construction;
(10) to perform other powers and duties authorized
by the Board.	(9) to formulate and approve the plans for wages,
	awards and penalties of the staff of the Company;

	(10) to perform other powers and duties authorized
	by the Board.

Original articles	Amended articles	Basis of amendment
Article 199 The Chief Executive and the executive committee shall formulate working rules, which shall be implemented upon approval by the Board. The working rules of the Chief Executive Officer and the executive committee shall include the following: (1) conditions for the convening of and the procedure for the meeting of the executive committee, and the personnel to attend the meeting;	Article 171 The Executive Committee shall formulate working rules, which shall be implemented upon approval by the Board. The working rules of the Executive Committee shall include the following: (1) conditions for the convening of and the procedure for the meeting of the executive committee, and the personnel to attend the meeting;	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
(2) specific duties and allocation of work of the Chief Executive Officer, members of the executive committee and other senior management officers; (3) the authority to utilize the Company's funds and assets and to enter into significant contracts, and the reporting system to the Board and the Supervisory Committee; (4) other matters which the Board considers necessary.	(2) specific duties and allocation of work of the Chief Executive Officer, Co-Chief Executive Officer, members of the executive committee and other senior management officers; (3) the authority to utilize the Company's funds and assets and to enter into significant contracts, and the reporting system to the Board; (4) other matters which the Board considers necessary.
Article 200 The Chief Executive Officer, members of the executive committee and other senior management officers can tender their resignation prior to the expiry of their term of office. The specific procedures for such resignation shall be governed by the labour contract between senior management officers and the Company.	Article 172 The Chief Executive Officer, Co Chief Executive Officer, members of the executive committee and other senior management officers can tender their resignation prior to the expiry of their term of office. The specific procedures for such resignation shall be governed by the labour contract between senior management officers and the Company.	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 201 Members of the executive committee of the Company shall be nominated by the Chief Executive Officer, and shall be appointed or dismissed by the Board. Members of the executive committee shall assist the Chief Executive Officer in working and shall be accountable for and report duty to the president. He or she shall perform the relevant duties according to the business scope of work allocation. Should the Chief Executive Officer be unable to or fails to perform his or her duties, the senior management officers designated by the Board shall perform the duties of the president on his or her behalf.	Article 173 Members of the Executive Committee of the Company shall be appointed or dismissed by the Board. Members of the executive committee shall assist the Chief Executive Officer in working and shall be accountable for and report duty to the president. He or she shall perform the relevant duties according to the business scope of work allocation. Should the Chief Executive Officer be unable to or fails to perform his or her duties, the senior management officers designated by the Board shall perform the duties of the president on his or her behalf.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 110 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 202 The Company shall enter into agreements with the senior management officers in respect of their terms of office, performance appraisal, remunerations, dismissal, the rights and obligations of both parties and liabilities for contractual breach, etc. The performance-based annual remuneration of the senior management officers shall be determined by the Board in accordance with their annual performance appraisal results. Payment of 40% of the remuneration shall be deferred for a period of three years. The distribution of the deferred payment of remuneration shall be subject to the principal of equality.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
If a senior management officer fails to perform duties in a diligent manner, resulting in Company's significant violation of laws or regulations or having the Company exposed to material risk, the Company shall suspend the payment of all or part of his or her outstanding performance based annual remuneration

Original articles	Amended articles	Basis of amendment
Article 203 If a senior management officer violates	Article 174 Where the senior management	A m e n d m e n t i s m a d e i n
any provisions of laws, administrative regulations or	officer causes damage to others in the course	accordance with the relevant
the Articles of Association and damages the lawful	of performing their duties, the Company	requirements of relevant laws,
interests and rights of the Company or its clients,	shall be liable for compensation; where the	regulations and normative
he or she shall be subject to internal punishment by	senior management officer acts with willful or	documents such as Article 150 of
the Board and the Supervisory Committee of the	material default, he or she shall also be liable for	the currently effective Guidelines
Company.	compensation.	for the Articles of Association of
		Listed Companies of the CSRC,
The Company shall not pay any fines or	Where the senior management officer, in	and taking into account the actual
compensations on behalf of a Director, Supervisor, or	discharging his or her duty with the Company,	situation of the Company.
senior management officer for which he or she shall	causes damage to the Company in violation of the
be individually liable for.	laws, administrative regulations, departmental
	rules or the Articles of Association, shall bear the
	liability of compensation.
–	Article 175 Senior management officers of the	A m e n d m e n t i s m a d e i n
	Company shall faithfully perform their duties and	accordance with the relevant
	safeguard the best interests of the Company and	requirements of relevant laws,
	all shareholders.	regulations and normative
		documents such as Article 151 of
	If any senior management officer of the Company	the currently effective Guidelines
	causes damage to the interests of the Company	for the Articles of Association of
	and its public shareholders due to failure in	Listed Companies of the CSRC,
	faithfully performing their duties or violation of	and taking into account the actual
	his/her fiduciary duties, he/she shall be liable for	situation of the Company.
	compensation in accordance with the laws.

Original articles	Amended articles	Basis of amendment
C H A P T E R V I I C H I E F C O M P L I A N C E	CHAPTER VII COMPLIANCE MANAGEMENT	A m e n d m e n t i s m a d e i n
OFFICER	AND RISK MANAGEMENT	accordance with the relevant
		r e q u i r e m e n t s o f c u r r e n t l y
		effective laws, regulations and
		normative documents, and taking
		into account the actual situation
		of the Company, with sections
		combined.

Article 204 The Company shall have the Chief	Article 176 The Company shall have the Chief	A m e n d m e n t i s m a d e i n
Compliance Officer. The Chief Compliance Officer	Compliance Officer. The Chief Compliance Officer	accordance with the relevant
shall be the Company's senior management officer	shall be the Company's senior management officer	requirements of relevant laws,
who shall be accountable for and report duty to the	who shall be accountable for and report duty to the	regulations and normative
Board for internal matters; and shall be accountable	Board for internal matters; and shall be accountable	documents such as the Measures
for and report duty to the regulatory authority	for and report duty to the regulatory authority	for the Compliance Management
pursuant to the provisions for external matters. The	pursuant to the provisions for external matters. The	of Securities Companies and
Chief Compliance Officer shall not concurrently take	Chief Compliance Officer shall not concurrently take	Securities Investment Fund
the duties of operational management or take charge	the duties of operational management or take charge	Management Companies of the
of the department of which conflict with compliance	of the department of which conflict with compliance	CSRC, and taking into account
management function, nor make decisions for	management function, nor make decisions for	the actual situation of the
specific operational management activities.	specific operational management activities.	Company.

Original articles	Amended articles	Basis of amendment
The Company shall sufficiently protect the	The Company shall sufficiently protect the
independence of the Chief Compliance Officer	independence of the Chief Compliance Officer and
and safeguard his or her full right of information	safeguard his or her full right of information and
and enquiry necessary for implementing his or her	enquiry necessary for implementing his or her duties.
duties. When the Company convenes important
meetings, such as a Board meeting and a business
decision meeting, which the Chief Compliance
Officer requires to participate in or attend,
a prior notice shall be delivered to the Chief
Compliance Officer. The Chief Compliance
Officer shall have the right to participate in or
attend relevant meetings, access to and duplicate
relevant files and information if necessary for
implementing his or her duties, and require the
Company's relevant personnel to give explanation
on relevant matters, and ask for information from
those institutions which provide auditing, legal
and other intermediary services to the Company.
When the Chief Compliance Officer considers
it necessary, he or she could employ external
professional institutions or personnel directly to
assist in his jobs under the name of the Company,
and the costs shall be borne by the Company.

Original articles	Amended articles	Basis of amendment
The Company's shareholders, Directors and
senior management officers shall not violate
the stipulated duties and procedures nor give
direct instructions to the Chief Compliance
Officer or interfere with his or her work. The
Company's Directors, Supervisors, senior
management officers and subordinate units shall
provide support to and coordinate with the Chief
Compliance Officer and shall not, by any reason,
restrict or prevent the Chief Compliance Officer
from performing his or her duties.

In the event that the Company does not accept
the compliance review opinion of the Chief
Compliance Officer, relevant matters shall be
submitted to the Board for decision-making.

Original articles	Amended articles	Basis of amendment
Article 205 The Chief Compliance Officer shall	–	A m e n d m e n t i s m a d e i n
thoroughly understand relevant laws, regulations		accordance with the relevant
and standards. He or she shall be an honest and		r e q u i r e m e n t s o f c u r r e n t l y
credible person, who is familiar with the securities		effective laws, regulations and
and fund businesses, and possesses such professional		normative documents, and taking
knowledge and skills required for carrying out		into account the actual situation
compliance management. In addition, such person		of the Company, with articles
shall meet with the following criteria:		combined.

(1) he or she has been engaging in securities and
funds work for more than ten years, and has passed
the Competence Examination for Compliance
Management Personnel organized by the Securities
Association of China or Asset Management
Association of China; or he or she has been engaging
in securities and funds work for more than five years,
and has passed the legal professional qualification examination; or he or she has worked in securities
regulatory authorities or self-discipline organization
in securities or fund industry for more than five
years;

(2) financial regulatory authorities have not imposed
any administrative penalty or implemented any
material administrative measure on such person over
the past three years;

(3) other conditions set by the CSRC.

Original articles	Amended articles	Basis of amendment
Article 206 The Chief Compliance Officer shall	Article 177 The Chief Compliance Officer shall	A m e n d m e n t i s m a d e i n
be appointed and dismissed by the Board of the	be appointed and dismissed by the Board of the	accordance with the relevant
Company. Prior to the appointment of the Chief	Company. Prior to the appointment of the Chief	requirements of relevant laws,
Compliance Officer, the Company shall submit the	Compliance Officer, the Company shall submit the	regulations and normative
curriculum vitae and relevant materials of evidence	curriculum vitae and relevant materials of evidence	documents such as the Measures
to the delegated authority by the CSRC where the	to the delegated authority by the CSRC where the	for the Compliance Management
Company is domiciled for approval.	Company is domiciled for approval. The Chief	of Securities Companies and
	Compliance Officer appointed by the Company	Securities Investment Fund
The dismissal of the Chief Compliance Officer shall	shall meet the eligibility requirements specified by	Management Companies of the
be made with appropriate reasons and, the fact of	the regulatory authorities.	CSRC, and taking into account
and the reason for dismissal and the reasons for		the actual situation of the
such dismissal shall be reported in writing, within	The dismissal of the Chief Compliance Officer shall	Company.
10 business days prior to the date of relevant Board	be made with appropriate reasons and, the fact of
meeting, to the delegated authority by the CSRC	and the reason for dismissal and the reasons for
where the Company is domiciled.	such dismissal shall be reported in writing, within
	10 business days prior to the date of relevant Board
The proper reasons as set out under the previous	meeting, to the delegated authority by the CSRC
clause shall include the individual application	where the Company is domiciled.
made by the Chief Compliance Officer, or change
of chief compliance officer under the order of
the CSRC and its delegated authority, or there
is evidence showing that such person is unable to
perform normal duties or fails to be diligent and
responsible, etc.
CHAPTER VIII CHIEF RISK OFFICER	–	A m e n d m e n t i s m a d e i n
		accordance with the relevant
		r e q u i r e m e n t s o f c u r r e n t l y
		effective laws, regulations and
		normative documents, and taking
		into account the actual situation
		of the Company, with sections
		combined.

Original articles	Amended articles	Basis of amendment
Article 209 The Company shall have the Chief Risk Officer. The Chief Risk Officer shall be the Company's senior management officer who shall not concurrently take duties nor take charge of departments which shall be in conflict with his or her duties.	Article 180 The Company shall have the Chief Risk Officer to be responsible for comprehensive risk management, who shall be appointed or dismissed by the Board. The Chief Risk Officer shall be the Company's senior management officer who shall not concurrently take duties nor take charge of departments which shall be in conflict with his or her duties. The Chief Risk Officer appointed by the Company shall meet the eligibility requirements specified by the regulatory authorities.	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company.
Article 210 The Chief Risk Officer shall be responsible for the comprehensive risk management. The Chief Risk Officer shall be nominated by the Chief Executive Officer and appointed by the Board.	–	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company, with articles combined.
Article 213 The Chief Risk Officer shall possess the following qualifications: (1) he or she has the qualifications for taking the role of a senior management officer at a securities company; (2) he or she is familiar with securities business, and possesses such professional knowledge and skills required for carrying out risk management; (3) he or she has been engaging in securities work and working in securities regulatory authority for more than 5 years;	–	A m e n d m e n t i s m a d e i n accordance with the relevant r e q u i r e m e n t s o f c u r r e n t l y effective laws, regulations and normative documents, and taking into account the actual situation of the Company, with articles combined.
(4) he or she possesses academic qualifications higher than the bachelor's degree at a university or is a holder of degrees higher than the bachelor's degree.

Original articles	Amended articles	Basis of amendment
Article 214 The main duties of the Chief Risk	Article 183 The main duties of the Chief Risk	A m e n d m e n t i s m a d e i n
Officer are as follows:	Officer are as follows:	accordance with the relevant
		requirements of relevant laws,
(1) to be responsible for facilitating the construction	(1) to be responsible for facilitating the construction	regulations and normative
of the comprehensive risk management system, to	of the comprehensive risk management system, to	documents such as Article
formulate risk management procedures and system;	formulate risk management procedures and system;	10 of the currently effective
		Regulation on Comprehensive
(2) to be responsible for leading the Company's risk	(2) to be responsible for leading the Company's	Risk Management of Securities
management department to monitor, evaluate and	risk management department, and organizing to	Companies of the Securities
report the overall risk level of the Company;	identify, monitor, evaluate and report the overall risk	Association of China, and taking
	level of the Company and various risk situations;	into account the actual situation
(3) to conduct examination and evaluation on the risk		of the Company.
management regarding the Company's innovative	(3) to conduct examination and evaluation on the risk
business, and to issue opinions on risk management;	management regarding the Company's innovative
	business, and to issue opinions on risk management;
(4) to be responsible for appointing, dismissing,
examining, awarding and punishing the risk	(4) to organize and conduct assessments and
management personnel of the Company;	evaluations related to the Company's risk
	management, be responsible for appointing,
(5) to cultivate good risk management culture of the	dismissing, examining, awarding and punishing the
Company and to undertake the duty of the training	risk management personnel of the Company;
and conduction of risk knowledge;
	(5) to cultivate good risk management culture of the
(6) to study and facilitate the Company's	Company and to provide guidance on establishing
implementation of advanced risk management	risk culture training and promotion campaigns;
method and tools and to enhance the effectiveness of
risk management;

Amended articles	Basis of amendment
(6) to organize and formulate important risk
management policies such as risk management
systems and risk appetite;

(7) to study and facilitate the Company's
implementation of advanced risk management
method and tools and to enhance the effectiveness of
risk management;

(8) to assist, instruct and examine the risk
management of all departments and branches;

(9) to provide suggestions regarding risk
management for the Company's business
development, participate in the Company's
strategic planning and annual operational plan,
and research or decisions on major business and






	A m e n d m e n t i s m a d e i n
	accordance with the relevant
	requirements of relevant laws,
	regulations and normative
	documents such as the currently
	effective Guidelines for the
	Articles of Association of Listed
	Companies of the CSRC, and
	taking into account the actual situation of the Company.
	major risk events; (10) to be responsible for handling the Company's major risk events and implementing the examination policy of the risk management of the Company's business.

Original articles	Amended articles	Basis of amendment
Section 1 Supervisors	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 215 The Directors and senior management officers shall not concurrently take the position of Supervisors.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 216 The Supervisors shall abide by the laws, administrative regulations and the Articles of Association and perform the obligations faithfully and diligently. They shall not abuse their authority of office to obtain bribes or other illegal income nor misappropriate the property of the Company.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 217 The term of office of each Supervisor shall be three years per session. Upon expiry of the term, the Supervisor may be re-appointed upon re	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws,
election. Should a Supervisor be dismissed from his or her duties prior to the expiry of his or her office, such explanation thereon shall be provided at the general meeting of the Company. Such Supervisor being dismissed shall have the right to state his or her opinions at the general meeting, to the CSRC or the delegated authority of the CSRC		regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
The appointment and removal of any Supervisor by the Company shall be reported to the securities regulatory authorities of the State Council for filing.
Article 218 If the term of office of a Supervisor expires but re-election is not timely made or if any Supervisor resigns during his or her term of office so that the membership of the Supervisory Committee falls short of the quorum, the said Supervisor shall continue performing the duties as Supervisor pursuant to laws, administrative regulations and the Articles of Association until a new Supervisor is elected.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 219 Supervisors shall sign the written confirmation in respect of the securities issuance documents and periodic reports of the Company. Supervisors shall ensure that the Company discloses information in a timely and fair manner and all information disclosed by the Company is true, accurate and complete. If a Supervisor cannot guarantee the truthfulness, accuracy and completeness of the contents of securities issuance documents or periodic reports or	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
has disputes, he/she shall issue opinions and state reasons in the written confirmation and the Company shall disclose them. Where the Company refuses to disclose, he/she may directly apply for disclosure.
Article 220 Supervisors may attend Board meetings and make enquiries or suggestions in respect matters that are the subject of the resolutions of the Board meetings.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 221 Supervisors shall have the right to know the Company's operation condition and shall assume the corresponding duty of confidentiality.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
The Company shall timely report the internal audit report, compliance report, monthly or quarterly financial and accounting report, annual financial and accounting report and other material matters to the Supervisory Committee. The Supervisory Committee shall provide specific explanation on the Company's financial status and compliance condition at the annual general meeting.		documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 222 Supervisors shall not use the connected relations to harm the interests of the Company and shall be liable for damages if the Company suffers loss as a result thereof.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 223 Supervisors shall faithfully perform their supervisory duties in accordance with the laws, administrative regulations, departmental rules and the Articles of Association. Where the Supervisor, in discharging his or her duty with the Company, causes damage to the Company in violation of the laws, administrative regulations, departmental rules or the Articles of Association, shall bear the liability of compensation.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Section 2 Supervisory Committee	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Article 224 The Company shall have a Supervisory – A m e n d m e n t i s m a d e i n Committee. The Supervisory Committee comprises accordance with the relevant seven Supervisors. It shall have one chairman, requirements of relevant laws, and may have the vice-chairman. The chairman regulations and normative and vice-chairman of the Supervisory Committee documents such as the currently shall be appointed or removed by the affirmative effective Guidelines for the votes of more than two-thirds of the members of Articles of Association of Listed the Supervisory Committee. The chairman of the Companies of the CSRC, and Supervisory Committee shall convene and preside taking into account the actual over the meeting of the Supervisory Committee; If situation of the Company. the chairman of the Supervisory Committee cannot or does not fulfill his or her duties, the vice-chairman of the Supervisory Committee shall convene and preside over the meeting of the Supervisory Committee. If the vice-chairman of the Supervisory Committee becomes unable to or will not fulfill his or her duties, a Supervisor jointly elected by half or above of the Supervisors shall convene and preside over the meeting of the Supervisory Committee. The Supervisory Committee shall include shareholder representatives and an appropriate proportion of employee representatives of the Company, provided that the proportion of employee representatives shall not be less than one-third. The employee representatives in the Supervisory Committee shall be elected democratically by the general meeting of employee representatives, the general meeting of employees or in other ways.	Original articles	Amended articles	Basis of amendment




























The requirements of Chairman of the Company
stipulated in the Clause (2) of Article 156 in the
Articles of Association are also applicable to the
chairman of the Supervisory Committee.

Original articles	Amended articles	Basis of amendment
Article 225 The Supervisory Committee shall be	–	A m e n d m e n t i s m a d e i n
accountable to the general meeting and exercise the		accordance with the relevant
following functions and powers:		requirements of relevant laws,
		regulations and normative
(1) to review the securities issuance documents and		documents such as the currently
periodic reports of the Company prepared by the		effective Guidelines for the
Board and submit written review opinions thereon;		Articles of Association of Listed
		Companies of the CSRC, and
(2) to check the financial condition of the Company;		taking into account the actual
		situation of the Company.
(3) to monitor the Directors and senior management
officers in the discharge of their duties and
their performance of compliance management
duties, and propose dismissal of Directors and
senior management officers who have violated
laws, administrative regulations, the Articles of
Association or the resolutions of the general meetings
and assume the primary or leadership responsibility
for the occurrence of major compliance risks;

(4) to require directors and senior management
officers to correct his or her act that is harmful to the
interests of the Company;

(5) to propose the convening of extraordinary
general meetings, and convene and preside over the
general meetings, if the Board fails to perform the
obligations to convene and preside over the general
meetings in accordance with Company Law;

(6) to propose a proposal to general meeting;

(7) to formulate the amount of the remuneration of
the Company's Supervisors and the proposal for the
method of distributing such remuneration;

Original articles	Amended articles	Basis of amendment
(8) to bring an action of law against Directors and senior management officers according to the provisions of the Company Law;
(9) to check the financial report, the operational report and the profit distribution plan that the Board proposes to submit to the general meeting, and in case of any doubt or any operational abnormality of the Company, start an investigation and if necessary, employ an accounting firm, law firm or other professional institutions to assist in his or her work at the expenses of the Company.
Article 226 The Supervisory Committee may request the Company's Directors, senior management officers and other relevant personnel to attend the meeting of the Supervisory Committee and to reply to the questions raised. The Supervisory Committee may carry out examination for specific items regarding the Company's financial status and compliance condition. If it is necessary, external professionals will be hired to provide assistance and such reasonable costs incurred shall be borne by the Company.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
When the Supervisory Committee examines the act of performing the duties by the Company's Directors and senior management officers, it may get some information from the Company's Directors, senior management officers and other relevant personnel. The Company's Directors, senior management officers and other relevant personnel shall cooperate with the Supervisory Committee.

Original articles	Amended articles	Basis of amendment
Article 227 In the event of the violation of laws, administrative regulations or the Articles of Association by the Directors and senior management officers, which impairs the interests of the Company, the shareholders or clients of the Company, the Supervisory Committee shall require the Directors and senior management officers to make rectification within a deadline. Should the impairment be serious or the Directors and senior management officers fail to make rectification within the deadline, the Supervisory Committee shall propose to convene the general meeting and to propose specific proposals at the general meeting	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
In the event of the serious act by the Directors and senior management officers in violation of laws and regulations, the Supervisory Committee shall directly report to the CSRC or the delegated authority of the CSRC. The Supervisors know or should know that some Directors and senior management officers are in violation of the provisions of laws, administrative regulations or the Articles of Association or their act
impairs the Company's interests and fail to perform their duties, they shall be liable for the corresponding responsibilities.
Article 228 Meetings of the Supervisory Committee shall be held at least once every six months. Supervisors may propose the convening of extraordinary meetings of the Supervisory Committee.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the
Resolutions made by the Supervisory Committee shall be approved by two-thirds or above of the members of the Supervisory Committee.		Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 229 The Supervisory Committee shall	–	A m e n d m e n t i s m a d e i n
formulate rules of procedure for the Supervisory		accordance with the relevant
Committee, specifying the procedures for the		requirements of relevant laws,
discussion of matters and voting at such meetings so		regulations and normative
as to ensure the efficiency of the work and rationality		documents such as the currently
of the decisions of the Supervisory Committee.		effective Guidelines for the
		Articles of Association of Listed
It is stipulated in the rules of procedure for the		Companies of the CSRC, and
Supervisory Committee about the convening of		taking into account the actual
the meeting of the Supervisory Committee and the		situation of the Company.
procedures of voting. The rules of procedure shall be
incorporated into the Articles of Association or be
attached as appendix. The rules of procedure shall be
formulated by the Supervisors and approved at the
general meeting.

The meeting of the Supervisory Committee shall
be convened on site or adopt video or telephone
conference. Should the meeting cannot be convened
on site or adopt video or telephone conference due
to emergency or force majeure and other special
reasons, the extraordinary meeting of the Supervisory
Committee shall be convened subject to the fact
that the Supervisors are protected for expressing
sufficient opinions and upon obtaining consent of the
convenor for the meeting. Resolutions can be made
by facsimile and signed by such Supervisors who
attended the meeting.

Original articles	Amended articles	Basis of amendment
Article 230 The Supervisory Committee shall record	–	A m e n d m e n t i s m a d e i n
its decisions on the items of the agenda in form of		accordance with the relevant
minutes and sound recording is also allowed. Minutes		requirements of relevant laws,
shall truly, accurately and completely record the		regulations and normative
process of the meeting, the content of the resolutions,		documents such as the currently
speech given by Supervisors and the voting. The		effective Guidelines for the
attending Supervisors and the recorders shall sign on		Articles of Association of Listed
the minutes.		Companies of the CSRC, and
		taking into account the actual
Any Supervisor shall be entitled to have an		situation of the Company.
explanatory note made in the minutes regarding
his or her speech at the meeting. The minutes of
meetings of the Supervisory Committee shall be kept
as the Company's record for a term of at least 15
years.
Article 231 A notice to a Supervisory Committee	–	A m e n d m e n t i s m a d e i n
meeting shall include the following contents:		accordance with the relevant
		requirements of relevant laws,
(1) date, venue, and duration of the meeting;		regulations and normative
		documents such as the currently
(2) reasons and issues of discussion;		effective Guidelines for the
		Articles of Association of Listed
(3) date of issuance of the notice.		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
C H A P T E R X Q U A L I F I C A T I O N S A N D	–	Due to the abolishment of
O B L I G A T I O N S O F D I R E C T O R S ,		relevant requirements such as the
SUPERVISORS AND SENIOR MANAGEMENT		Notice on Implementation of the
OFFICERS OF THE COMPANY		Mandatory Provisions of Articles
		of Association of Companies
		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 232 The following person shall not serve as a	–	Due to the abolishment of
Director, Supervisor or senior management officer of		relevant requirements such as the
the Company:		Notice on Implementation of the
		Mandatory Provisions of Articles
(1) persons without capacity or with limited capacity		of Association of Companies
of civil conduct;		that List Overseas, amendment
		is made in accordance with the
(2) persons who were sentenced to criminal		relevant requirements of relevant
punishment for the crime of corruption, bribery,		laws, regulations and normative
misappropriation of property or diversion of property		documents such as the currently
or for disrupting the order of the socialist market		effective Guidelines for the
economy, where less than five years have elapsed		Articles of Association of Listed
since the expiration of the sentence, or who have		Companies of the CSRC, and
been deprived of the political rights due to a criminal		taking into account the actual
offense, where less than five years have elapsed since		situation of the Company.
the expiration of the period of deprivation;

Original articles	Amended articles	Basis of amendment
(3) persons who were former Directors, factory
managers or managers of a company or enterprise
which was declared bankrupt and was liquidated and
who were personally liable for insolvency of such
company or enterprise, where less than three years
have elapsed since the date of completion of the
bankruptcy liquidation of the company or enterprise;
(4) persons who were legal representatives of
a company or enterprise which had its business
license revoked or was ordered to close down due to
violation of the law and who were personally liable,
where less than three years has elapsed since the date
of the revocation;

(5) persons who have a substantial amount of debts due and outstanding;

(6) persons who are banned by the CSRC from
entering into the securities market for a period which
has not yet expired;

(7) persons in charge of stock dealing institutions,
securities registration and clearing institutions or
Directors, Supervisors or senior management officers
of securities companies, who were dismissed for any
act against law or relevant discipline where less than
five years have elapsed since the date of the removal;
(8) persons who have been convicted by the relevant
competent authority for violation of securities
regulations by acting fraudulently or dishonestly,
where less than five years have elapsed since the date
of the conviction;

Original articles	Amended articles	Basis of amendment
(9) persons who were attorneys, certified public
accountants or professionals of other securities
service institutions, whose certified certificates or
qualifications were revoked for any act against law
or relevant discipline, where less than five years have
elapsed since the date of the revocation of certified
certificates or qualifications;
(10) employees of stock dealing institutions,
securities companies, registration and clearing
institution, securities service institutions who had
been dismissed for any act against law or relevant
discipline, and government officers who had been
dismissed;

(11) government officers and other persons who are
prohibited by law and administrative regulations
from concurrently holding position in a company;
(12) persons who were subject to administrative
penalties by the financial regulatory department due
to his or her serious violation of laws or regulations
where less than three years have elapsed since the
date of completion of the penalties;
(13) persons who were determined to be unfit by the
CSRC where less than two years has elapsed since
the date of the determination;

(14) persons who are prohibited from acting as
a leader of an enterprise by virtue of laws or
administrative regulations;

Original articles	Amended articles	Basis of amendment
(15) persons other than a natural person;
(16) persons who are under the investigation of the legal authority in accordance with the criminal laws and the case is not concluded;
(17) other circumstances identified by the CSRC;
(18) other contents required by the laws, administrative regulations, departmental rules or the listing rules at the place where the shares of the Company are listed.
Any election, designation or appointment of Directors, Supervisors or senior management officers in violation of this provision shall be invalid. The Company shall dismiss the Director, Supervisor or senior management officers if they are involved in the said circumstances during their respective term of office.
Article 233 The validity of an act of a Director or senior management officers on behalf of the Company to a bona fide third person is not affected by any incompliance in the appointment, election or qualification thereof.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Amended articles	Basis of amendment
–	Due to the abolishment of
	relevant requirements such as the
	Notice on Implementation of the
	Mandatory Provisions of Articles
	of Association of Companies
	that List Overseas, amendment
	is made in accordance with the
	relevant requirements of relevant
	laws, regulations and normative
	documents such as the currently
	effective Guidelines for the
	Articles of Association of Listed
	Companies of the CSRC, and
	taking into account the actual
	situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 235 Each of the Company's Directors, Supervisors and senior management officers owes a duty, in the exercise of his or her powers and discharge of his or her obligations, to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 236 In fulfilling their duties, the Directors, Supervisors and senior management officers must observe the principle of honesty and shall not set themselves in a position where their own interests conflict with their obligations. The said principle includes (but not limited to) the following obligations: (1) to sincerely act in the best interests of the Company; (2) to exercise their rights within their terms of reference; (3) to exercise the discretion vested in them in person and shall not be controlled by others and; save as permitted by laws or administrative regulations or with the informed consent of shareholders given at the general meeting, not to transfer the exercise of their discretion to others;	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
(4) to be equal towards shareholders of the same
class and fair towards shareholders of different
classes;

(5) not to conclude any contract, conduct any
transaction or make any arrangement with the
Company saved as otherwise specified in the Articles
of Association or with the informed consent of
shareholders given at the general meeting;

(6) not to seek personal gains by using the property
of the Company in any form without the informed
consent of shareholders given at the general meeting;

(7) not to abuse official powers to accept bribes or
other unlawful income, and not to expropriate the
Company's property in any form, including (but not
limited to) opportunity favorable to the Company;

(8) not to accept commissions in connection with
the Company's transactions without the informed
consent of shareholders given at the general meeting;

(9) to observe the Articles of Association, fulfill
duties honestly, protect the interests of the Company,
and not to seek personal gains by using their
positions and powers in the Company;
(10) not to compete with the Company in any form
without the informed consent of shareholders given
at the general meeting;

Original articles	Amended articles	Basis of amendment
(11) not to divert the Company funds or lend the
same to others, not to deposit the Company's assets
in the accounts of their own or others, and not to use
the Company's assets as security for the personal
debts of the shareholders of the Company or others;
(12) not to disclose any confidential information
related to the Company acquired by them during the
term of their office without the informed consent
of the shareholders given at the general meeting;
not to use the said information save for the interests
of the Company; however, they may disclose
such information to a court or other governmental
regulatory authorities in the following circumstances:
1. As required by law;
2. As required for the interests of the public;
3. As required for the interests of the said Directors,
Supervisors and senior management officers.

Original articles	Amended articles	Basis of amendment
Article 237 Each Director, Supervisor and senior	–	Due to the abolishment of
management officer of the Company shall not cause		relevant requirements such as the
the following persons or institutions ("associates") to		Notice on Implementation of the
do what he or she is prohibited from doing:		Mandatory Provisions of Articles
		of Association of Companies
(1) the spouse or minor child of such Director,		that List Overseas, amendment
Supervisor and senior management officer;		is made in accordance with the
		relevant requirements of relevant
(2) a person acting in the capacity of trustee of such		laws, regulations and normative
Director or senior management officer or any person		documents such as the currently
specified in subparagraph (1) hereinabove;		effective Guidelines for the
		Articles of Association of Listed
(3) a person acting in the capacity of partner of such		Companies of the CSRC, and
Director, Supervisor or senior management officer		taking into account the actual
or any person specified in subparagraphs (1) and (2)		situation of the Company.
hereinabove;

(4) a company in which that Director, Supervisor
or senior management officer, alone or jointly with
one or more persons specified in subparagraphs (1),
(2) and (3) hereinabove, have a de facto controlling
interest; and

(5) the Directors, Supervisors and senior management
officers of the controlled company referred to in
clause (4) of this Article.

Original articles	Amended articles	Basis of amendment
Article 238 The fiduciary duties of Directors, Supervisors and senior management officers shall not end with the expiry of their terms of office, and their confidentiality obligation in respect of any commercial secrets of the Company shall continue after expiry of their terms of office. Other duties may continue for such period as the principle of fairness may require depending on the time lapse between the termination and the occurrence of the matter and the specific circumstances and conditions under which the relationship between them and the Company was terminated.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
Article 239 Except as provided in the Article 75 of	–	situation of the Company. Due to the abolishment of
the Articles of Association, a Director, Supervisor and senior management officer of the Company may		relevant requirements such as the Notice on Implementation of the
be relieved of liability for specific breaches of his or her duty by the informed consent of shareholders given at the general meeting.		Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 240 If the Directors, Supervisors and senior	–	Due to the abolishment of
management officers of the Company have any		relevant requirements such as the
direct or indirect material interests in any contract,		Notice on Implementation of the
transaction or arrangement already concluded		Mandatory Provisions of Articles
or proposed with the Company (excluding any		of Association of Companies
employment contracts signed by the Company with		that List Overseas, amendment
such Directors, Supervisors and senior management		is made in accordance with the
officers), they shall responsively disclose the		relevant requirements of relevant
nature and extent of the said interests to the Board		laws, regulations and normative
regardless whether the relevant matters are subject to		documents such as the currently
approval by the Board in normal circumstances.		effective Guidelines for the
		Articles of Association of Listed
Except as provided in Note 1, Appendix III of the		Companies of the CSRC, and
Hong Kong Listing Rules or as allowed by the		taking into account the actual
Hong Kong Stock Exchange, a Director shall not		situation of the Company.
be entitled to vote on any contract, arrangement
or any other relevant proposals in which he or she
or any person connected to him or her (as defined
in the Hong Kong Listing Rules) has any material
interest and which is to be approved by the Board.
Additionally, he or she may not count in the quorum
for the meeting.

Original articles	Amended articles	Basis of amendment
Unless the interested Director, Supervisor and senior management officer of the Company has disclosed his or her interests to the Board in accordance with the preceding paragraph hereof and the matter has been approved by the Board at a meeting in which the interested Director, Supervisor or senior management officer was not counted in the quorum and has abstained from voting, the Company shall have the right to void the contract, transaction or arrangement, unless the other party is a bona fide party acting without knowledge of the breach of obligation by the Director, Supervisor and senior management officer concerned.
A Director, Supervisor and senior management officer of the Company is deemed to be interested in a contract, transaction or agreement in which an associate of that Director, Supervisor and senior management officer is interested.
Article 241 Where a Director, Supervisor and senior management officer of the Company gives to the Board a written notice before the conclusion of the contract, transaction or arrangement is first considered by the Company stating that, by reason of the facts specified in the notice, he or she is interested in contracts, transactions or arrangements of any description which may subsequently be made by the Company, such Director, Supervisor or senior management officer of the Company shall be deemed for the purposes of the preceding Article to have declared his or her interests, to the extent stated in the notice.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 242 The Company shall not, by any means,	–	Due to the abolishment of
pay taxes for or on behalf of its Director, Supervisor		relevant requirements such as the
and senior management officers.		Notice on Implementation of the
		Mandatory Provisions of Articles
		of Association of Companies
		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 243 The Company shall not, directly	–	Due to the abolishment of
or indirectly, provide a loan to, or any loan		relevant requirements such as the
guarantee for, its Director, Supervisor and senior		Notice on Implementation of the
management officers, or provide loans to, or any		Mandatory Provisions of Articles
loan guarantee for those of the related persons of the		of Association of Companies
abovementioned persons.		that List Overseas, amendment
		is made in accordance with the
However, the preceding paragraph shall not apply if:		relevant requirements of relevant
		laws, regulations and normative
(1) the provision by the Company of a loan or a loan		documents such as the currently
guarantee for a subsidiary of the Company;		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
(2) the provision by the Company of a loan or loan guarantee, or any other funds to any of its Directors, Supervisors and senior management officers to meet expenditure incurred by him or her for the purposes of the Company or for the purpose of enabling him or her to perform his or her duties properly, in accordance with the terms of a service contract approved by the shareholders in the general meeting;
(3) the provision by the Company of a loan or loan guarantee to a relevant Director, Supervisor or senior management officers of the Company or to an associate thereof based on normal commercial terms, if the ordinary business scope of the Company includes the lending of money or the provision of loan guarantee.
Article 244 A loan made by the Company in breach of the preceding Article shall be forthwith repayable by the recipient of the loan regardless of the terms of the loan.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 245 Any loan guarantee provided by the	–	Due to the abolishment of
Company in breach of paragraph 1 of Article 243		relevant requirements such as the
shall not be enforceable against the Company, unless:		Notice on Implementation of the
		Mandatory Provisions of Articles
(1) loan guarantee was provided to an associate		of Association of Companies
of any of the Directors, Supervisors and senior		that List Overseas, amendment
management officers of the Company or of the		is made in accordance with the
Company's holding company and the lender did not		relevant requirements of relevant
know the relevant circumstances at the time the loan		laws, regulations and normative
was advanced;		documents such as the currently
		effective Guidelines for the
(2) the collateral provided by the Company has been		Articles of Association of Listed
lawfully disposed of by the lender to a bona fide		Companies of the CSRC, and
purchaser.		taking into account the actual
		situation of the Company.
Article 246 For the purpose of the foregoing	–	Due to the abolishment of
provisions of this Chapter, a "guarantee" includes		relevant requirements such as the
an act whereby the guarantor assumes liability		Notice on Implementation of the
or provides property to guarantee or secure the		Mandatory Provisions of Articles
performance of obligations by the obligor.		of Association of Companies
		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 247 If the Directors, Supervisors or senior	–	Due to the abolishment of
management officers violate the obligations to the		relevant requirements such as the
Company, the Company shall, in addition to the		Notice on Implementation of the
rights and remedies provided for under the relevant		Mandatory Provisions of Articles
laws and administrative regulations, be entitled to		of Association of Companies
take the following actions:		that List Overseas, amendment
		is made in accordance with the
(1) requiring the Directors, Supervisors or senior		relevant requirements of relevant
management officers to compensate the Company for		laws, regulations and normative
the losses arising from their dereliction of duties;		documents such as the currently
		effective Guidelines for the
(2) rescinding the contracts or transactions concluded		Articles of Association of Listed
between the Company and the Directors, Supervisors		Companies of the CSRC, and
or senior management officers of the Company,		taking into account the actual
or between the Company and a third party (if the		situation of the Company.
third party knows or should have known that the
Directors, Supervisors or senior management officers
representing the Company have breached their
obligations to the Company);

(3) requiring the relevant Directors, Supervisors or
senior management officers to surrender their gains
arising from breach of obligations;
(4) recovering the money, including (but not limited
to) commissions, received by Directors, Supervisions
or senior management officers which should be given
to the Company;

(5) requiring the relevant Directors, Supervisors or
senior management officers to return any interest that
is earned or may be earned on the monies that should
have been paid to the Company.

Original articles	Amended articles	Basis of amendment
Article 248 The Company shall enter into a written	–	Due to the abolishment of
contract with each Director, Supervisor and senior		relevant requirements such as the
management officer and such contract shall at least		Notice on Implementation of the
include the following provisions:		Mandatory Provisions of Articles
		of Association of Companies
(1) Directors, Supervisors and senior management		that List Overseas, amendment
officers shall make commitment to the Company and		is made in accordance with the
express that they shall comply with the Company		relevant requirements of relevant
Law, Special Provisions, the Articles of Association,		laws, regulations and normative
the Code on Takeovers and Mergers (《公司收購		documents such as the currently
及合併守則》), the Code on Share Buy-backs 《股		effective Guidelines for the
份購回守則》 and other provisions of Hong Kong		Articles of Association of Listed
Stock Exchange and agree that the Company shall		Companies of the CSRC, and
be entitled to the remedial measures provided		taking into account the actual
herein. Such contract and their positions shall not be		situation of the Company.
transferred;

(2) Directors, Supervisors and senior management
officers shall make commitment to the Company
and express that they shall comply with and perform
such duties that they should be accountable to the
shareholders as provided herein;

(3) such arbitration terms as provided in Article 310
hereof.

Original articles	Amended articles	Basis of amendment
The Company shall conclude written contracts
with Directors and Supervisors in relation to their
remunerations, subject to prior approval of the
general meeting. The aforesaid remunerations shall
include:
(1) the remunerations in respect of his or her service
as Director, Supervisor or senior management officer
of the Company;

(2) the remunerations in respect of his or her service
as director, supervisor or senior management officer
of any subsidiary of the Company;
(3) the remunerations in respect of the provision of
other services in connection with the management
of the affairs of the Company and any of its
subsidiaries;

(4) the payment by way of compensation for loss of
office, or as consideration for or in connection with
his or her retirement from office.
Directors and Supervisors shall not sue the Company
for benefits due to him or her on the basis of the
aforementioned matters, except under a contract as
mentioned above.

Original articles	Amended articles	Basis of amendment
Article 249 The contract concerning the	–	Due to the abolishment of
remunerations between the Company and its		relevant requirements such as the
Directors or Supervisors should provide that in the		Notice on Implementation of the
event of a takeover of the Company, the Company's		Mandatory Provisions of Articles
Directors and Supervisors shall, subject to the prior		of Association of Companies
approval of the shareholders in general meeting, have		that List Overseas, amendment
the right to receive compensation or other payment		is made in accordance with the
in respect of his or her loss of office or retirement.		relevant requirements of relevant
A takeover of the Company referred to in this		laws, regulations and normative
paragraph means any of the followings:		documents such as the currently
		effective Guidelines for the
(1) a take-over offer made by any person to all the		Articles of Association of Listed
shareholders;		Companies of the CSRC, and
		taking into account the actual
(2) a take-over offer made by any person with the		situation of the Company.
purpose of the offer or becoming a "controlling
shareholder".

If the relevant Director or Supervisor does not
comply with this article, any sum so received by
him or her shall belong to those persons who have
sold their shares as a result of the acceptance of said
offer. The expense incurred in distributing that sum
pro rata amongst those persons shall be borne by the
relevant Director or Supervisor and not paid out of
that sum.

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Original articles	Amended articles	Basis of amendment
Article 251 The Company shall submit and disclose	Article 185 The Company shall submit and disclose	A m e n d m e n t i s m a d e i n
its annual reports to the CSRC and the stock	its annual reports to the delegated authority of the	accordance with the relevant
exchange(s) within four months from the ending	CSRC and the stock exchange(s) within four months	requirements of relevant laws,
date of each fiscal year, and submit and disclose	from the ending date of each fiscal year, and submit	regulations and normative
its interim reports to the delegated authority of	and disclose its interim reports to the delegated	documents such as Article 153 of
the CSRC where the Company is domiciled and	authority of the CSRC and the stock exchange(s)	the currently effective Guidelines
the stock exchange(s) within two months from the	within two months from the ending date of the first	for the Articles of Association of
ending date of the first half of each fiscal year.	half of each fiscal year.	Listed Companies of the CSRC,
		and taking into account the actual
The aforesaid annual reports and interim reports shall	The aforesaid annual reports and interim reports shall	situation of the Company.
be prepared in accordance with the relevant laws,	be prepared in accordance with the relevant laws,
administrative regulations and the regulations of the	administrative regulations and the regulations of the
CSRC and the stock exchange(s).	CSRC and the stock exchange(s).
Article 252 The Board shall, at each annual general	–	Due to the abolishment of
meeting, submit to the shareholders a financial report		relevant requirements such as the
which shall be prepared by the Company under the		Notice on Implementation of the
requirement of the relevant laws, administrative		Mandatory Provisions of Articles
regulations, rules and regulatory documents.		of Association of Companies
		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 253 The financial reports of the Company	–	Due to the abolishment of
shall be made available for shareholders' inspection		relevant requirements such as the
at the Company twenty days before the date of every		Notice on Implementation of the
annual general meeting. Each shareholder of the		Mandatory Provisions of Articles
Company shall be entitled to obtain a copy of the		of Association of Companies
financial reports referred to in this chapter.		that List Overseas, amendment
		is made in accordance with the
Unless otherwise specified in the Articles of		relevant requirements of relevant
Association, the Company shall deliver by hand or		laws, regulations and normative
send by prepaid mail to each shareholder of overseas		documents such as the currently
listed foreign shares a copy of the aforesaid reports		effective Guidelines for the
or the report of Directors together with the balance		Articles of Association of Listed
sheet (including each document shall be included		Companies of the CSRC, and
as appendix to the balance sheet as required by the		taking into account the actual
laws) and profit and loss account or statement of		situation of the Company.
income and expenditure, or summary financial report
no later than twenty-one days before the date of
every annual general meeting, and the addresses of
recipient shall be subject to the addresses appear on
the register of shareholders.
Article 254 The financial statements of the Company	–	Due to the abolishment of
shall be prepared in accordance with not only PRC		relevant requirements such as the
accounting standards and regulations, but also the		Notice on Implementation of the
international accounting standards or the accounting		Mandatory Provisions of Articles
standards of the overseas place where the Company's		of Association of Companies
shares are listed. If the financial statements prepared		that List Overseas, amendment
under the two accounting standards are discrepant		is made in accordance with the
significantly, such discrepancy shall be indicated in		relevant requirements of relevant
the notes to the financial statements. For purposes of		laws, regulations and normative
the Company's distribution of after-tax profits of a		documents such as the currently
given fiscal year, the lesser of the amounts of after		effective Guidelines for the
tax profits shown in the aforementioned two kinds of		Articles of Association of Listed
financial statements shall govern.		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 255 The interim results or financial	–	Due to the abolishment of
information published or disclosed by the Company		relevant requirements such as the
shall be prepared in accordance with the PRC		Notice on Implementation of the
accounting standards and regulations as well as the		Mandatory Provisions of Articles
international accounting standards or the accounting		of Association of Companies
standards of the overseas place where the Company's		that List Overseas, amendment
shares are listed.		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 256 The Company shall publish two financial	–	Due to the abolishment of
reports each fiscal year, i.e. interim financial report		relevant requirements such as the
published within 60 days after the end of the first		Notice on Implementation of the
six months of the fiscal year and the annual financial		Mandatory Provisions of Articles
report published within 120 days after the end of the		of Association of Companies
fiscal year.		that List Overseas, amendment
		is made in accordance with the
Other regulations of the securities regulatory		relevant requirements of relevant
authorities at the place where the shares of the		laws, regulations and normative
Company are listed shall prevail.		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 257 The Company shall not establish account books other than the statutory account books. The assets of the Company shall not be deposited in any personal account.	Article 186 The Company does not establish account books other than the statutory account books. The funds of the Company shall not be deposited in any personal account.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 154 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 258 In accordance with the specific ratios as stipulated by the CSRC, the Company shall withdraw the statutory common reserve account. If the cumulative statutory common reserve amount is more than 50% of the registered capital, the Company may stop withdrawing from its profit. The Company shall, in distributing its after-tax profit of the year, withdraw 10% of the profit and put the amount so withdrawn into the statutory common reserve.	Article 187 In accordance with the specific ratios as stipulated by the CSRC, the Company shall withdraw the statutory common reserve account. If the cumulative statutory common reserve amount is more than 50% of the registered capital, the Company may stop withdrawing from its profit. The Company shall, in distributing its after-tax profit of the year, withdraw 10% of the profit and put the amount so withdrawn into the statutory common reserve.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 155 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
When the Company allocates the after-tax profits for the current year, it shall extract 10% of the profits into the Company's statutory reserve fund. Should the accumulated amount of the Company's statutory reserve fund is more than 50% of the Company's registered capital, no withdrawal shall be made. In the event that the Company's statutory reserve fund is not sufficient to cover all the losses for the	When the Company allocates the after-tax profits for the current year, it shall extract 10% of the profits into the Company's statutory reserve fund. Should the accumulated amount of the Company's statutory reserve fund is more than 50% of the Company's registered capital, no withdrawal shall be made. In the event that the Company's statutory reserve fund is not sufficient to cover all the losses for the
previous year, the profits for the current year shall be firstly used to cover the loss before making appropriation to the statutory reserve fund pursuant to the foregoing provisions.	previous year, the profits for the current year shall be firstly used to cover the loss before making appropriation to the statutory reserve fund pursuant to the foregoing provisions.

Original articles	Amended articles	Basis of amendment
After the Company has made appropriation to the	After the Company has made appropriation to the
statutory reserve fund from the after-tax profits,	statutory reserve fund from the after-tax profits,
optional reserve fund may also be extracted from	optional reserve fund may also be extracted from the
the after-tax profits upon the resolution at the	after-tax profits upon the resolution at the general
shareholders' general meeting.	meeting.
As for the remaining after-tax profits after the	As for the remaining after-tax profits after the
Company has covered loss and has extracted	Company has covered loss and has extracted
statutory reserve fund, shareholders shall be	statutory reserve fund, shareholders shall be
allocated pursuant to the ratio of the shareholding	allocated pursuant to the ratio of the shareholding
of the shareholders, except for those allocations not	of the shareholders, except for those allocations not
pursuant to the ratio of the shareholding as provided	pursuant to the ratio of the shareholding as provided
by the Articles of Association.	by the Articles of Association.
In the event that the general meeting is in violation	In the event that the general meeting distributes
of the foregoing provisions and distributes profits to	profits to shareholders in violation of the
shareholders before the Company has covered the	Company Law, the shareholders shall return the
loss and has extracted for statutory reserve fund, the	profits distributed in violation of the provision
shareholders shall return such distributed profits in	to the Company; where any loss is caused to the
violation of rules to the Company.	Company; the shareholders and the responsible
	Directors and senior management officers shall be
The Company is not allowed to use the gains	liable for compensation.
from fair value changes of financial assets that are
included in distributable profits as cash distribution	The Company is not allowed to use the gains
to shareholders.	from fair value changes of financial assets that are
	included in distributable profits as cash distribution
The shares of the Company held by the Company shall not be subject to profit distribution.	to shareholders.
	The shares of the Company held by the Company
	shall not be subject to profit distribution.

Original articles	Amended articles	Basis of amendment
Article 259 The Company's surplus reserves shall	Article 188 The Company's surplus reserves shall	Due to the abolishment of
be used to cover the Company's losses, expand the	be used to cover the Company's losses, expand the	relevant requirements such as the
Company's production and operation or converted	Company's production and operation or converted to	Notice on Implementation of the
to the Company's additional capital. However,	the Company's additional registered capital.	Mandatory Provisions of Articles
the capital reserves shall not be used to cover		of Association of Companies
the Company's losses. The capital reserves shall	Where the surplus reserves are used for covering	that List Overseas, amendment
include the following amounts:	losses of the Company, the optional reserve fund	is made in accordance with the
	and statutory surplus reserves shall be used in	relevant requirements of relevant
(1) the premium resulting from issuance of shares	priority; if not sufficient, the capital reserves may	laws, regulations and normative
at a price above par value;	be used according to regulations.	documents such as Article 158 of
		the currently effective Guidelines
(2) other incomes included into the capital	When the statutory surplus reserves are converted	for the Articles of Association of
reserves as stipulated by the finance authority	into additional registered capital, the remainder	Listed Companies of the CSRC,
under the State Council.	of such fund shall not be less than 25% of the	and taking into account the actual
	Company's registered capital prior to the conversion.	situation of the Company.
When the statutory surplus reserves are converted
into capital, the remainder of such fund shall not be
less than 25% of the Company's registered capital
prior to the conversion.
Article 260 After the general meeting makes	Article 189 After the general meeting makes	A m e n d m e n t i s m a d e i n
resolution for the proposal of profit distribution, the	resolution for the proposal of profit distribution,	accordance with the relevant
Company's Board of Directors shall complete the	or after the Company's Board has formulated	requirements of relevant laws,
dividends (or shares) distribution within two months	specific proposal based on the conditions and	regulations and normative
after such general meeting has been convened.	upper limit for the next year interim dividend	documents such as Article 157 of
	approved by the annual general meeting, the	the currently effective Guidelines
	Board shall complete the dividends (or shares)	for the Articles of Association of
	distribution within two months.	Listed Companies of the CSRC,
		and taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
The decision-making procedure regarding the	The decision-making procedure regarding the
Company's profit distribution plan is: The proposal	Company's profit distribution plan is: The proposal
of the Company's profit distribution shall be	of the Company's profit distribution shall be drafted
drafted and formulated by the Company's Board	and formulated by the Company's Board of Directors
of Directors pursuant to the provisions of the laws,	pursuant to the provisions of the laws, regulations
regulations and the relevant normative documents	and the relevant normative documents of the PRC
of the PRC and the Articles of Association, in	and the Articles of Association, in combination with
combination with the Company's profits, capital	the Company's profits, capital needs and return
needs and return to shareholders. Independent	to shareholders. After considered and approved
directors shall express independent opinions.	by the Board of Directors, such proposal shall be
After considered and approved by the Board of	submitted to the general meeting for consideration
Directors, such proposal shall be submitted to the	and approval. Independent Directors are entitled
general meeting for consideration and approval.	to express independent opinions in the event that
When the general meeting considers the proposal for	they believe the profit distribution proposal may
the profit distribution, it shall take the initiative to	harm the interests of the Company or the medium
communicate and exchange with shareholders and	and small shareholders. When the general meeting
in particular, the medium and small shareholders	considers the proposal for the profit distribution, it
through many channels, truly protect the rights of the	shall take the initiative to communicate and exchange
public shareholders to attend the general meeting,	with shareholders and in particular, the medium
sufficiently listen to the opinions and requests of the	and small shareholders through many channels,
medium and small shareholders, and timely reply to	truly protect the rights of the public shareholders
the issues that the medium and small shareholders	to attend the general meeting, sufficiently listen to
concern about.	the opinions and requests of the medium and small
	shareholders, and timely reply to the issues that the
	medium and small shareholders concern about.

Original articles	Amended articles	Basis of amendment
The decision-making procedure regarding the	The decision-making procedure regarding the
adjustment made to the Company's profit distribution	adjustment made to the Company's profit distribution
proposal is: If the Company needs to adjust the profit	proposal is: If the Company needs to adjust the profit
distribution policy due to the external operating	distribution policy due to the external operating
environment or some major changes occurred in its	environment or some major changes occurred in its
operating status, the Company shall be oriented on	operating status, the Company shall be oriented on
protection of the interests of the shareholders and	protection of the interests of the shareholders and
shall elaborate and explain the reasons in details. The	shall elaborate and explain the reasons in details. The
profit distribution policy after adjustment may not be	profit distribution policy after adjustment may not be
in violation of the relevant provisions of the CSRC,	in violation of the relevant provisions of the CSRC,
stock exchange(s) and the Articles of Association.	stock exchange(s) and the Articles of Association.
The proposal related to the adjustment made to the	The proposal related to the adjustment made to the
profit distribution policy shall be formulated by the	profit distribution policy shall be formulated by the
Board of Directors. Independent directors shall	Board of Directors. After considered and approved
express their independent opinions regarding	by the Board of Directors, such proposal shall be
the adjustment made to the profit distribution	submitted to the general meeting for consideration
policy. After considered and approved by the Board	and approval. When the general meeting considers
of Directors, such proposal shall be submitted to	the proposal of the adjusted profit distribution policy,
the general meeting for consideration and approval.	it shall sufficiently listen to the opinions of the
The Supervisory Committee shall consider such	public shareholders. In addition to setting up on-site
adjusted profit distribution policy formulated	voting at the meeting, online voting system shall be
by the Board of Directors and sufficiently listen	provided to shareholders to support the voting. The
to the opinions of external supervisors who do	passing and approval of such proposal shall require
not hold any positions in the Company. Such	more than two-thirds of the effective votes made by
proposal shall be passed and approved by voting	the shareholders attending the general meeting.
of more than a half of all of the Supervisors of
the Supervisory Committee. When the general	The Company shall disclose the formulation and
meeting considers the proposal of the adjusted profit	implementation of the cash dividend policy, in
distribution policy, it shall sufficiently listen to the	details, in regular reports.
opinions of the public shareholders. In addition
to setting up on-site voting at the meeting, online	Where there are any misappropriations of the
voting system shall be provided to shareholders to	Company's funds by the shareholders in violation of
support the voting. The passing and approval of such	rules, the Company shall deduct the cash dividends
proposal shall require more than two-thirds of the	distributed to such shareholder for making up such
effective votes made by the shareholders attending	funds misappropriated.
the general meeting.

Original articles	Amended articles	Basis of amendment
The Company shall disclose the formulation and implementation of the cash dividend policy, in details, in regular reports.
Where there are any misappropriations of the Company's funds by the shareholders in violation of rules, the Company shall deduct the cash dividends distributed to such shareholder for making up such funds misappropriated.
Article 263 Shareholders shall be entitled to dividend of any shares before making call in arrears but shall not be entitled to dividends of any advance on subscription announced and distributed before the subscription payment day. Subject to the relevant laws, regulations, rules and normative documents of the PRC, the Company may exercise the power to forfeit unclaimed dividends, provided that it does so only after the expiration of the applicable relevant period. The Company has the power to cease sending dividend warrants by post to a given holder of overseas listed foreign shares, but may exercise such power only if such warrants have been left uncashed on two consecutive occasions. However, the Company may exercise such power after the first occasion on which such a warrant is undelivered and returned.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
The Company has the power to sell by a method deemed fit by the Board the shares of a holder of overseas listed foreign shares who is untraceable, provided that it complies with the following conditions:

Original articles	Amended articles	Basis of amendment
(1) the Company has distributed dividends on such
foreign shares for at least three times in 12 years,
but none of such dividends are claimed by anybody
during the period;

(2) upon expiration of the 12-year period, the
Company makes an announcement of its intention
to sell such shares in one or more newspapers, and
notifies the local securities regulatory authority in the
place where the stock of the Company is listed.

If the power is granted to forfeit any unclaimed
dividends, this power may not be exercised until at
least six years following the date that the dividends
are announced on.
Article 264 The Company shall appoint receiving	–	Due to the abolishment of
agents for holders of overseas listed foreign shares.		relevant requirements such as the
The receiving agents shall, on behalf of the related		Notice on Implementation of the
shareholders, receive dividends distributed and other		Mandatory Provisions of Articles
accounts payable by the Company to the overseas		of Association of Companies
listed foreign shares.		that List Overseas, amendment
		is made in accordance with the
The receiving agents appointed by the Company		relevant requirements of relevant
shall be in compliance with the requirements of the		laws, regulations and normative
laws or local stock exchange in the place where the		documents such as the currently
stock of the Company is listed.		effective Guidelines for the
		Articles of Association of Listed
The receiving agents appointed by the Company		Companies of the CSRC, and
for holders of overseas listed foreign shares which		taking into account the actual
are listed in Hong Kong shall be trust companies		situation of the Company.
registered pursuant to Trustee Ordinance of Hong
Kong.

Original articles	Amended articles	Basis of amendment
Article 265 The Company shall implement the internal audit system and is equipped with full time auditing staff to conduct internal audit and supervision regarding the Company's financial income and expenses, and economic activities.	Article 192 The Company shall implement the internal audit system, which clearly defines the leadership system, responsibilities and authorities, personnel allocation, funding support, application of audit results and accountability for internal audit. The internal audit system of the Company shall be implemented after being approved by the Board and disclosed to the public.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 159 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 266 The internal audit system of the Company and the duties of the auditing staff shall be implemented upon the approval of the Board. The officer in charge of internal audit shall be accountable to the Board and report his or her work to the same.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 159 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
–	Article 193 The Company's internal audit institution supervises and inspects the Company's business activities, risk management, internal control, financial information and other matters.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 160 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
–	Article 194 The internal audit institution is accountable to the Board.	A m e n d m e n t i s m a d e i n accordance with the relevant
	The internal audit institution shall accept the supervision and guidance of the Audit Committee in the course of supervising and inspecting the Company's business activities, risk management, internal control and financial information. If the internal audit institution discovers relevant major issues or clues, it shall report directly to the Audit Committee immediately.	requirements of relevant laws, regulations and normative documents such as Article 161 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
–	Article 195 The internal audit institution is responsible for the specific organization and implementation of the internal control evaluation of the Company. The Company issues the annual internal control evaluation report based on the evaluation report issued by the internal audit institution and reviewed by the Audit Committee and relevant materials.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 162 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
–	Article 196 When the Audit Committee communicates with external audit entities such as accounting firms and national audit institutions, the internal audit institution shall actively cooperate and provide necessary support and collaboration.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 163 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
–	Article 197 The Audit Committee participates in the assessment of the person in charge of internal audit.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 164 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 268 The appointment of accounting firm by the Company shall be subject to the approval of general meetings. The Board of Directors may not appoint accounting firm before the approval of the general meeting.	Article 199 The appointment and dismissal of accounting firm by the Company shall be subject to the approval of general meetings. The Board of Directors may not appoint accounting firm before the approval of the general meeting.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 166 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 270 The accounting firm appointed by the Company shall have the following rights: (1) to inspect the accounting books, records or proofs at any time, and to require directors or senior management officers of the Company to provide relevant documents and explanations; (2) to require the Company to take all reasonable actions to obtain from the Company's subsidiaries such information and explanation as are necessary for the purpose of discharging its duties; (3) to attend general meetings, to receive all notices of, and other information relating to, the meeting that any shareholder is entitled to receive, and to speak at any general meeting in relation to matters concerning its role as the Company's accounting firm.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 271 If there is a vacancy in the position of	–	Due to the abolishment of
accounting firm of the Company, the Board may		relevant requirements such as the
appoint an accounting firm to fill such vacancy		Notice on Implementation of the
before the convening of the general meeting, but		Mandatory Provisions of Articles
the appointment shall be confirmed by shareholders		of Association of Companies
in the next general meeting. Any other accounting		that List Overseas, amendment
firm which has been appointed by the Company may		is made in accordance with the
continue to act during the period of existence of such		relevant requirements of relevant
vacancy		laws, regulations and normative
		documents such as the currently
In the event that if a resolution is proposed to the		effective Guidelines for the
general meeting to engage a non-current accounting		Articles of Association of Listed
firm to fill any vacancy of the office of accounting		Companies of the CSRC, and
firm, or to renew the engagement of an accounting		taking into account the actual
firm appointed by the Board of Directors to fill the		situation of the Company.
vacancy, or to remove an accounting firm before the
expiration its term of office, the following provisions
shall be followed:

(1) the relevant proposal for appointment or removal
of accounting firm shall be sent to the accounting
firm proposed to be appointed, who intends to
vacate its office or who has vacated from its office
in the relevant year, before the notice of the general
meeting is served on the shareholders. Vacating
office shall include leaving by removal, resignation
and retirement.

(2) if the accounting firm vacating its office makes
a written representation and requires the Company
to notify the shareholders of the representation, the
Company shall take the following measures unless
it is too late when the Company receives the written
representation:

1. in any notice of the resolution given to the
shareholders, state the fact of the representation
having been made;

Original articles	Amended articles	Basis of amendment
2. sending a duplicate of the representation to the
shareholders as attachment to the notice in the
manner as prescribed in the Articles of Association.
(3) if the Company does not send the representation
of the relevant accounting firm as specified in (2)
above, such accounting firm may require that the
representation be read out at the shareholders general
meeting, and may make further statements.
(4) the accounting firm vacating its position shall be
entitled to attend the following meetings:
1. the general meeting at which its term of office would otherwise have expired;
2. the general meeting at which it is proposed to
fill the vacancy caused by the removal of such
accounting firm;
3. the general meetings convened due to the active
resignation of such accounting firm.
Accounting firm vacating its office shall be entitled
to receive all notices or other information of the
aforesaid meetings, and to speak at the said meetings
in respect of the matters involving such firm as a
former accounting firm of the Company.

Original articles	Amended articles	Basis of amendment
Article 272 Regardless of the terms in the contract	–	Due to the abolishment of
concluded between the accounting firm and the		relevant requirements such as the
Company, the general meetings of the Company		Notice on Implementation of the
may, through an ordinary resolution, remove such		Mandatory Provisions of Articles
accounting firm before the expiration of the term		of Association of Companies
thereof. In the event of any rights claimed by the		that List Overseas, amendment
accounting firm against the Company, the said rights		is made in accordance with the
shall not be affected.		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 273 The service fees of the accounting firm	Article 201 The service fees of the accounting firm	Due to the abolishment of
or mechanism for determining their service fees shall	shall be approved by the general meeting.	relevant requirements such as the
be approved by the general meeting. The service fees		Notice on Implementation of the
of such accounting firms appointed by the Board		Mandatory Provisions of Articles
of Directors shall be confirmed by the Board of		of Association of Companies
Directors.		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as Article 168 of
		the currently effective Guidelines
		for the Articles of Association of
		Listed Companies of the CSRC
		and Rule 17 of Appendix A1 to
		the Hong Kong Listing Rules,
		and taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
The Company shall send a copy of the written notice referred to in the aforesaid paragraph to
the relevant governing authority within 14 days
after receipt. If the notice contains a statement referred to in (2) above, a duplicate of such
statement shall be placed at the Company for
inspection by shareholders. Unless otherwise
stated in the Articles of Association, the Company
shall also send a duplicate of such statement by
prepaid post to each shareholder who is entitled to
receive the report regarding financial conditions
of the Company at the address registered in the
register of shareholders.
If the notice of resignation of accounting firm
contains a statement on any other circumstances
that should be accounted for, it may require
the Board to convene an extraordinary general
meeting for the purpose of giving an explanation
of the circumstances in connection with its
resignation.
Article 277 The notice of convening the general	Article 205 The notice of convening the general	A m e n d m e n t i s m a d e i n
meeting of the Company shall be made in form of an	meeting of the Company shall be made in form of an	accordance with the relevant
announcement.	announcement.	requirements of relevant laws,
		regulations and normative
		documents such as Article 172 of
		the currently effective Guidelines
		for the Articles of Association of
		Listed Companies of the CSRC,
		and taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 279 The notice of convening the Supervisory Committee meeting shall be delivered by hand, mail, facsimile or in the form of an announcement.	–	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 280 The Company's notice be delivered by hand, the recipient shall sign (or chop) on the reply slip upon delivery and the receipt date of the recipient shall be the date of delivery. Should the Company's notice be delivered by mail, the delivery date shall be five business days after the mail has been handed to post office. Should the Company's notice be delivered in the form of an announcement, the first date of announcement shall be the date of delivery.	Article 207 The Company's notice be delivered by hand, the recipient shall sign (or chop) on the reply slip upon delivery and the receipt date of the recipient shall be the date of delivery. Should the Company's notice be delivered by mail, the delivery date shall be five business days after the mail has been handed to post office. Should the Company's notice be delivered in the form of an announcement, the first date of announcement shall be the date of delivery.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 174 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 281 The accidental omission to give the notice of a meeting to, or the failure to receive the notice of a meeting by any person entitled to receive such notice, shall not invalidate the meeting or the resolutions passed thereat.	Article 208 The accidental omission to give the notice of a meeting to, or the failure to receive the notice of a meeting by any person entitled to receive such notice, shall not invalidate the meeting or the resolutions passed thereat solely for such reason.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 175 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 284 The Company shall disclose to the public	Article 211 The Company shall disclose to the public	A m e n d m e n t i s m a d e i n
the audited annual financial report of the Company	the audited annual financial report of the Company	accordance with the relevant
and other information pursuant to the regulations and	and other information pursuant to the regulations and	requirements of relevant laws,
ensure the trueness, accuracy and completeness of	ensure the trueness, accuracy and completeness of	regulations and normative
such information disclosed.	such information disclosed.	documents such as the currently
		effective Guidelines for the
The Company shall disclose the information related	The Company shall disclose the information related	Articles of Association of Listed
to the remuneration management regarding the	to the remuneration management regarding the	Companies of the CSRC, and
directors, supervisors and senior management	directors and senior management officers, including	taking into account the actual
officers, including at least:	at least:	situation of the Company.
(1) the basic system and decision-making procedures	(1) the basic system and decision-making procedures
for remuneration management;	for remuneration management;

(2) the total amount of annual remuneration and the	(2) the total amount of annual remuneration and the
distribution status among the directors, supervisors	distribution status among the directors and senior
and senior management officers;	management officers;

(3) delayed payment of remuneration and non-cash	(3) delayed payment of remuneration and non-cash
remuneration.	remuneration.
Article 286 The merger or division of the Company	–	Due to the abolishment of
shall be proposed by the Board and the proposal		relevant requirements such as the
shall be submitted to the general meeting for		Notice on Implementation of the
approval in accordance with the procedures set out		Mandatory Provisions of Articles
in the Articles of Association. Approval procedures		of Association of Companies
for merger or division shall be sought in accordance		that List Overseas, amendment
with the relevant legal requirements. A shareholder		is made in accordance with the
who disagrees with the proposed merger or division		relevant requirements of relevant
shall have the right to demand the Company or the		laws, regulations and normative
consenting shareholders to acquire his or her shares		documents such as the currently
at a fair price. The resolution of merger or division		effective Guidelines for the
of the Company shall be made as a special document		Articles of Association of Listed
for inspection by shareholders.		Companies of the CSRC, and taking into account the actual
The foregoing documents shall also be sent by		situation of the Company.
mail or other methods stipulated in the Articles of
Association to shareholders of overseas listed foreign
shares.

Original articles	Amended articles	Basis of amendment
–	Article 213 If the price paid for the merger of the Company does not exceed 10% of the net assets of the Company, it may not be subject to a resolution of the general meeting, unless otherwise provided in the Articles of Association. Where the merger of the Company pursuant to the preceding paragraph is not subject to a resolution of the general meeting, it shall be subject to a resolution of the Board.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 178 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 287 If the Company is involved in a merger, the parties to the merger shall enter into a merger agreement. The parties to the merger shall prepare a balance sheet and a property list. Within 10 days from the date of adoption of the merger resolution, the Company shall notify its creditors and within 30 days it shall make an announcement in the newspapers designated by the CSRC, on its website and on the website of the stock exchange. A creditor may, within 30 days from the date of receipt of the written notice or, if he did not receive a written notice, within 45 days from the date of the announcement, require the Company to pay its debt to him in full or to provide commensurate security.	Article 214 If the Company is involved in a merger, the parties to the merger shall enter into a merger agreement. The parties to the merger shall prepare a balance sheet and a property list. Within 10 days from the date of adoption of the merger resolution, the Company shall notify its creditors and within 30 days it shall make an announcement in newspapers or the National Enterprise Credit Information Publicity System. A creditor may, within 30 days from the date of receipt of the notice or, if he did not receive a notice, within 45 days from the date of the announcement, require the Company to pay its debt to him in full or to provide commensurate security.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 179 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 288 When the Company is merged, the claims and debts of each party to the merger shall be succeeded to by the company surviving the merger or the new company established subsequent to the merger.	Article 215 When the Company is merged, the claims and debts of each party to the merger shall be succeeded to by the company surviving the merger or the new company established subsequent to the merger.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 180 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 289 Where there is a division of the Company, its assets shall be divided accordingly. Where there is a division of the Company, a balance	Article 216 Where there is a division of the Company, its assets shall be divided accordingly. Where there is a division of the Company, a balance	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
sheet and inventory of assets shall be prepared. The Company shall notify its creditors within 10 days as of the date of the division resolution and shall publish an announcement in newspapers or by other means within 30 days as of the date of such resolution.	sheet and inventory of assets shall be prepared. The Company shall notify its creditors within 10 days as of the date of the division resolution and shall publish an announcement in newspapers or the National Enterprise Credit Information Publicity System within 30 days as of the date of such resolution.	documents such as Article 181 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 291 Where the Company needs to reduce its registered capital, it shall prepare a balance sheet and an inventory of assets.	Article 218 Where the Company reduces its registered capital, it will prepare a balance sheet and an inventory of assets.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative
The Company shall notify its creditors within 10 days as of the date of the resolution for the reduction of its registered capital and shall publish an announcement in the newspapers or by other means within 30 days as of the date of such resolution. A creditor has the right within 30 days as of the receipt of the notice or, in case where it fails to receive such notice, within 45 days of the date of the announcement, to demand the Company to repay its debts or provide guarantees for such debts. The registered capital of the Company after the reduction shall not be less than the statutory	The Company shall notify its creditors within 10 days as of the date of the resolution made by the general meeting for the reduction of its registered capital and shall publish an announcement in the newspapers or the National Enterprise Credit Information Publicity System within 30 days as of the date of such resolution. A creditor has the right within 30 days as of the receipt of the notice or, in case where it fails to receive such notice, within 45 days of the date of the announcement, to demand the Company to repay its debts or provide guarantees for such debts.	documents such as Article 183 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
minimum amount.	Where the Company reduces its registered capital, the amount of capital contribution or shares shall be reduced correspondingly in proportion to the shares held by its shareholders, unless otherwise provided by law or by the Articles of Association.

Original articles	Amended articles	Basis of amendment
-	Article 219 Where the Company still incurs	A m e n d m e n t i s m a d e i n
	losses after making up its losses in accordance	accordance with the relevant
	with Paragraph 2 of Article 188 of the Articles of	requirements of relevant laws,
	Association, it may reduce its registered capital to	regulations and normative
	make up for the losses. If the registered capital is	documents such as Article 184 of
	reduced to make up for losses, the Company shall	the currently effective Guidelines
	not make distribution to its shareholders, nor	for the Articles of Association of
	exempt the shareholders from their obligation to	Listed Companies of the CSRC,
	make capital contribution or calls on share.	and taking into account the actual
		situation of the Company.
	The provisions of Paragraph 2 of Article 218 of
	the Articles of Association shall not apply to the
	reduction in the registered capital in accordance
	with the preceding paragraph. The Company
	shall publish an announcement on newspapers
	or the National Enterprise Credit Information
	Publicity System within 30 days from the date of
	the resolution on the reduction of its registered
	capital at the general meeting.

	After reducing its registered capital in accordance
	with the provisions of the preceding two
	paragraphs, the Company shall not distribute
	profits until the cumulated amount of the
	statutory reserve fund and optional reserve fund
	reaches 50% of its registered capital.
-	Article 220 If the reduction of the registered	A m e n d m e n t i s m a d e i n
	capital is in violation of the Company Law and	accordance with the relevant
	other relevant provisions, shareholders shall	requirements of relevant laws,
	return the funds they have received and the	regulations and normative
	reduced capital contribution of the shareholders	documents such as Article 185 of
	shall be restored to its original amount; in case of	the currently effective Guidelines
	losses caused to the Company, the shareholders	for the Articles of Association of
	and the liable Directors and senior management	Listed Companies of the CSRC,
	officers shall be liable for compensation.	and taking into account the actual
		situation of the Company.

Original articles	Amended articles	Basis of amendment
-	Article 221 Where an increase in registered capital of the Company is made by means of issue of new shares, the shareholders do not have any pre-emptive right unless otherwise provided in the Articles of Association or the general meeting resolves that the shareholders shall have pre emptive right.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 186 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 293 The Company shall be dissolved upon the occurrence of any of the following events:	Article 223 The Company shall be dissolved upon the occurrence of any of the following events:	Due to the abolishment of relevant requirements such as the Notice on Implementation of the
(1) expiry of the term of business provided in the Articles of Association or other cause of dissolution as specified therein;	(1) expiry of the term of business provided in the Articles of Association or other cause of dissolution as specified therein;	Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the
(2) a resolution on dissolution is passed by general meeting;	(2) a resolution on dissolution is passed by general meeting;	relevant requirements of relevant laws, regulations and normative documents such as Article 188 of
(3) dissolution is required due to the merger or division of the Company;	(3) dissolution is required due to the merger or division of the Company;	the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC,
(4) the Company is declared bankrupt due to its failure to repay debts due; (5) the Company's business license is revoked or the	(4) the Company's business license is revoked or the Company is ordered to close down or dissolved in accordance with the laws;	and taking into account the actual situation of the Company.
Company is ordered to close down or dissolved in accordance with the laws;	(5) the Company suffers significant hardships in operation and management that cannot be resolved through other means, and its continuation may
(6) the Company suffers significant hardships in operation and management that cannot be resolved through other means, and its continuation may cause substantial loss in shareholders' interests, shareholders representing 10% or above of the total	cause substantial loss in shareholders' interests, shareholders representing 10% or above of the voting rights of the Company may plead the people's court to dissolve the Company.
voting rights of the Company may plead the people's court to dissolve the Company.	Upon the occurrence of events of dissolution specified in the preceding paragraph, the Company shall publicize the events of dissolution through the National Enterprise Credit Information Publicity System within 10 days.

Original articles	Amended articles	Basis of amendment
Article 294 With regard to the occurrence of the situation described in sub-paragraph (1) of Article 293 in the Articles of Association, the Company may continue to exist by amending the Articles of Association. Amendments to the Articles of Association pursuant to the preceding paragraph shall be subject to the approval of shareholders representing two-thirds or above of the voting rights present at the general meetings of shareholders.	Article 224 With regard to the occurrence of the situation described in sub-paragraph (1) and (2) of Article 223 in the Articles of Association, and the Company has not distributed any property to its shareholders, the Company may continue to exist by amending the Articles of Association or by resolution of the general meeting. Amendments to the Articles of Association pursuant to the preceding paragraph or by resolution of the general meeting shall be subject to the approval of shareholders representing two thirds or above of the voting rights present at the general meetings.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 189 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 295 Where the Company is dissolved pursuant to sub-paragraph (1), (2) or (6) of Article 293 hereof, it shall establish a liquidation committee within 15 days as of the dissolution circumstance arises. And the liquidation shall be thereby started. The liquidation committee shall comprise Directors or those determined by the general meeting, which shall be determined by general meeting in the form of ordinary resolution. If the liquidation committee is not duly set up, the creditors may plead the people's court to designate related persons to form a liquidation committee to carry out the liquidation Where the Company is dissolved pursuant to sub-paragraph (3) of Article 293, the Company shall file its dissolution application to CSRC with dissolution reasons for dissolution and related documents. The Company shall be dissolved upon obtaining the approval by CSRC.	Article 225 Where the Company is dissolved pursuant to sub-paragraph (1), (2), (4) or (5) of Article 223 hereof, it shall be liquidated. The Directors are the obligor of liquidation of the Company, and shall establish a liquidation committee to carry out liquidation within 15 days as of the dissolution circumstance arises. The liquidation committee shall consist of Directors, unless otherwise provided in the Articles of Association or other persons are elected by the general meeting by way of a resolution. If the liquidation obligor fails to perform its liquidation obligations in a timely manner and causes losses to the Company or its creditors, it shall be liable for compensation.	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 190 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Where the Company is dissolved in accordance with sub-paragraph (4) of Article 293, the people's court shall, according to the relevant laws, order the formation of a liquidation committee comprising members from the securities regulatory authorities of the State Council, shareholders, relevant authorities and professionals to process the liquidation in accordance with the bankruptcy related laws. Where the Company is dissolved pursuant to the provisions of sub-paragraph (5) of Article 293 hereof, a liquidation committee comprised of shareholders, relevant authorities and professionals shall be formed by the governing authority, for carrying out the liquidation.
Article 296 Where the Board resolves to liquidate the Company for any reason other than bankruptcy, the Board shall include a statement in its notice convening a meeting of shareholders for such issue, stating the Board has performed a full investigation on the Company, and believes the debts of the Company could be fully repaid within 12 months as of the commencement of the liquidation. Upon the resolution of general meeting for the liquidation of the Company, all functions and powers of the Board shall immediately cease. The liquidation committee shall act in accordance with the instructions of general meeting and make a report at least once every year to general meeting on the group's income and expenses, the business of the Company and the progress of the liquidation, and present a final report to general meeting upon completion of the liquidation.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Article 226 The liquidation committee shall perform the following duties:	A m e n d m e n t i s m a d e i n
	accordance with the relevant requirements of relevant laws,
(1) checking the Company's assets and preparing a balance sheet and an inventory of assets;	regulations and normative documents such as Article 191 of the currently effective Guidelines
(2) n o t i f y i n g t h e c r e d i t o r s b y n o t i c e o r announcement;	for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
(3) dealing with the outstanding liquidation-related business of the Company;	situation of the Company.
(4) paying off outstanding taxes as well as taxes arising in the course of liquidation;
(5) claiming credits and paying off debts;
(6) distributing the remaining properties of the Company after the settlement of debts; and
(7) representing the Company in any civil proceedings.
Article 227 As of the date of its establishment, the liquidation committee shall notify the creditors within 10 days and make public announcement on newspaper(s) or the National Enterprise Credit Information Publicity System within 60 days. Creditors shall, within 30 days after receipt of the notice, or for those who do not receive the notice, within 45 days as of the date of the announcement, declare their claims to the liquidation committee.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 192 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Creditors shall provide explanations and evidence for their claims upon their declarations of such claims. The liquidation committee shall record the creditors' claims. The liquidation committee shall not pay off any debts
	to any creditors during period of credit declaration

Original articles	Amended articles	Basis of amendment
Article 299 After checking the Company's assets and preparing a balance sheet and an inventory of assets, the liquidation committee shall formulate a liquidation plan for the confirmation by general meeting or the people's court.	Article 228 After checking the Company's assets and preparing a balance sheet and an inventory of assets, the liquidation committee shall formulate a liquidation plan for the confirmation by general meeting or the people's court.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 193 of the currently effective Guidelines
The remaining properties of the Company, after the payment for liquidation expenses, wages, social insurance premiums and statutory compensation of staffs, taxes and debts of the Company, shall be distributed to the shareholders in proportion to their shareholding ratios.	The remaining properties of the Company, after the payment for liquidation expenses, wages, social insurance premiums and statutory compensation of staffs, taxes and debts of the Company, shall be distributed to the shareholders in proportion to their shareholding ratios.	for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
During the liquidation period, the Company shall continue to exist but shall not carry out any business activities unrelated to liquidation. The assets of the Company shall not be distributed to the shareholders until the settlement of debts in accordance with the preceding article.	During the liquidation period, the Company shall continue to exist but shall not carry out any business activities unrelated to liquidation. The assets of the Company shall not be distributed to the shareholders until the settlement of debts in accordance with the preceding article.
Article 300 If the liquidation committee, after checking the Company's assets and preparing a balance sheet and an inventory of assets, finds that the Company's assets are insufficient to pay off its debts, it shall immediately file an application to the people's court for bankruptcy. After the Company is declared bankrupt by the people's court, the liquidation committee shall hand	Article 229 If the liquidation committee, after checking the Company's assets and preparing a balance sheet and an inventory of assets, finds that the Company's assets are insufficient to pay off its debts, it shall immediately file an application to the people's court for bankruptcy liquidation. Once the people's court accepts the bankruptcy application, the liquidation committee shall hand	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 194 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual
over the liquidation matters to the people's court.	over the liquidation matters to the bankruptcy administrator designated by the people's court.	situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 301 Upon completion of liquidation of the	Article 230 Upon completion of liquidation of	Due to the abolishment of
Company, the liquidation committee shall prepare	the Company, the liquidation committee shall	relevant requirements such as the
a liquidation report and a statement of the income	prepare a liquidation report, submit the same	Notice on Implementation of the
and expenses and the account books in respect of	to the general meeting or the people's court	Mandatory Provisions of Articles
the liquidation period, and after verification by	for confirmation, and submit the same to the	of Association of Companies
PRC certified public accountants, shall submit the	company registration authority to apply for de	that List Overseas, amendment
same to the general meeting or the people's court	registration of the Company.	is made in accordance with the
for confirmation. The liquidation committee shall,		relevant requirements of relevant
within 30 days after the general meeting or after		laws, regulations and normative
obtaining confirmations from the relevant competent		documents such as Article 195 of
authorities, submit the aforesaid documents to		the currently effective Guidelines
the company registration authority, apply for de		for the Articles of Association of
registration of the Company, and announce the		Listed Companies of the CSRC,
termination of the Company.		and taking into account the actual
		situation of the Company.

Article 302 Members of the liquidation committee	Article 231 Members of the liquidation committee	A m e n d m e n t i s m a d e i n
shall perform their duties with due diligence and	shall perform the liquidation duties and have	accordance with the relevant
carry out their liquidating obligations in accordance	obligations of loyalty and diligence.	requirements of relevant laws,
with the laws.		regulations and normative
	Where members of the liquidation committee	documents such as Article 196 of
Members of the liquidation committee shall not	neglect to perform the liquidation duties and	the currently effective Guidelines
exploit their position to accept bribes or other	cause any loss to the Company, he/she shall be	for the Articles of Association of
illegal income or misappropriate the property of the	liable to make compensation; where any members	Listed Companies of the CSRC,
Company.	of the liquidation committee cause any loss to any	and taking into account the actual
	creditor with intention or due to gross negligence,	situation of the Company.
A member of the liquidation committee who causes	he/she shall be liable to make compensation.
loss to the Company or its creditors due to his or her
intentional misconduct or gross negligence shall be
liable for damages.

Original articles	Amended articles	Basis of amendment
Article 304 The Company may amend the Articles	–	Due to the abolishment of
of Association in accordance with the provisions of		relevant requirements such as the
laws, administrative regulations and the Articles of		Notice on Implementation of the
Association.		Mandatory Provisions of Articles
		of Association of Companies
		that List Overseas, amendment
		is made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Guidelines for the
		Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 305 The Company shall amend the Articles	Article 233 The Company will amend the Articles of	A m e n d m e n t i s m a d e i n
of Association in any of the following circumstances:	Association in any of the following circumstances:	accordance with the relevant
		requirements of relevant laws,
(1) after the amendments are made to the Company	(1) after the amendments are made to the Company	regulations and normative
Law or other relevant laws and administrative	Law or other relevant laws and administrative	documents such as Article 198 of
regulations, any term contained in the Articles	regulations, any term contained in the Articles	the currently effective Guidelines
of Association become inconsistent with the said	of Association become inconsistent with the said	for the Articles of Association of
amendments;	amendments;	Listed Companies of the CSRC,
		and taking into account the actual
(2) if certain changes of the Company occur resulting	(2) if certain changes of the Company occur resulting	situation of the Company.
in the inconsistency with certain terms specified in	in the inconsistency with certain terms specified in
the Articles of Association; and	the Articles of Association; and

(3) the general meeting has resolved to amend the	(3) the general meeting has resolved to amend the
Articles of Association.	Articles of Association.

Original articles	Amended articles	Basis of amendment
Article 306 Where the amendments to the Articles of Association passed by resolutions of the general meetings require approval of the competent authorities, the amendments shall be submitted to the relevant authorities for approval. Where the amendments involve registration matters of the Company, the involved change shall be registered in accordance with the laws.	Article 234 Where the amendments to the Articles of Association passed by resolutions of the general meetings require approval of the competent authorities, the amendments shall be submitted to the relevant authorities for approval. Where the amendments involve registration matters of the Company, the involved change shall be registered in accordance with the laws.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 199 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 307 The Board shall amend the Articles of Association in accordance with the resolution of the general meetings on amendment to the Articles of Association and the examination and approval opinions from relevant authorities.	Article 235 The Board shall amend the Articles of Association in accordance with the resolution of the general meetings on amendment to the Articles of Association and the examination and approval opinions from relevant authorities.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 200 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 309 Any amendment to the Articles of Association involving the Mandatory Provisions for the Articles of Association of Companies Listed Overseas shall become effective upon approval by the approving authority authorized by the State Council and the CSRC. If the amendments involve registration matters, the involved change shall be registered in accordance with the laws.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
CHAPTER XV SETTLEMENT OF DISPUTES	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 310 The Company shall follow the following rules for settlement of disputes: (1) all disputes and claims between shareholders of overseas listed foreign shares and the Company, between shareholders of overseas listed foreign shares and the Company's directors, supervisors and other senior management officers, or between shareholders of overseas listed foreign shares and other shareholders arising from the Articles of Association or any rights or obligations conferred or imposed by the Company Law or any other applicable laws and administrative regulations concerning the affairs of the Company shall be submitted by the relevant parties for arbitration. The dispute or claim shall be submitted for arbitration in their entirely. All parties which have a cause of action due to the same events, or are	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
required to participate in the settlement of the dispute or claim, such parties shall abide by the arbitration result if such parties are the Company or the shareholders, directors, supervisors or senior management officers of the Company.

Original articles	Amended articles	Basis of amendment
Disputes in relation to the identification of the
shareholders and register of shareholders may be
resolved without arbitration.

(2) a claimant may elect arbitration at either the
China International Economic and Trade Arbitration
Commission in accordance with its Arbitration
Rules or the Hong Kong International Arbitration
Centre in accordance with its Securities Arbitration
Rules. Once a claimant refers a dispute or claim to
arbitration, the other party must carry out arbitration
in the arbitral body elected by the claimant.

If a claimant elects arbitration at Hong Kong
International Arbitration Centre, any party to the
dispute or claim may request arbitration to be
conducted in Shenzhen in accordance with the
Securities Arbitration Rules of the Hong Kong
International Arbitration Centre.

(3) if any disputes or claims of rights are settled by
way of arbitration in accordance with provision (1)
of this article, the laws of the People's Republic
of China shall apply, except as otherwise provided
in the laws, administrative regulations, rules and
normative documents.

(4) The award of an arbitration body shall be final
and conclusive and binding on all parties.

Original articles	Amended articles	Basis of amendment
Article 311 Definitions	Article 237 Definitions	Due to the abolishment of
		relevant requirements such as the
(1) the "controlling shareholders" shall refer to	(1) the "controlling shareholders" shall refer to	Notice on Implementation of the
shareholders who possess one of the following	shareholders who possess more than 50% of the	Mandatory Provisions of Articles
conditions:	total equity of the Company; or should the ratio	of Association of Companies
	of shareholding of such shareholder is no more	that List Overseas, amendment
1. such shareholder's shareholding accounts for more	than 50%, such voting right he or she is entitled	is made in accordance with the
than 30% of the total equity of the Company when	to may produce material impact on the resolution	relevant requirements of relevant
he or she is taking action alone or taking concerted	of the general meeting.	laws, regulations and normative
action with others; such shareholder may exercise		documents such as Article 202 of
more than 30% of the voting right of the Company or	(2) the "major shareholder" refers to a shareholder	the currently effective Guidelines
may control more than 30% of the voting right of the	holding more than 5% of the total share capital of the	for the Articles of Association of
Company when he or she is taking action alone or	Company.	Listed Companies of the CSRC,
taking concerted action with others; should the ratio		and taking into account the actual
of shareholding of such shareholder is less than 30%,	(3) the "de facto controller" refers to the natural	situation of the Company.
such voting right he or she is entitled to may produce	person, legal person or other organization that,
material impact on the resolution of the general	through investment relations, agreements or other
meeting.	arrangement, can actually dominate the activities
	of the Company.
2. when such shareholder is taking action alone or
taking concerted action with others, he or she may	(4) the "connected relations" refers to the relationship
decide more than a half of the candidates for the	between the Company's controlling shareholders,
directors.	de facto controller, directors, senior management
	officers and those enterprises which are directly
3. when such shareholder is taking action alone or	or indirectly controlled by the foregoing parties
taking concerted action with others, he or she may	and such other relationships which may cause the
control the Company.	interests of the Company to be transferred. However,
	the state-controlled enterprises do not have connected
(2) the "major shareholder" refers to a shareholder	relations merely because they are all being controlled
holding more than 5% of the total share capital of the	by the State.
Company.

Original articles	Amended articles	Basis of amendment
(3) the "de facto controller" refers to that although such controller is not a shareholder of the Company, he or she is a legal person, other organizations or individuals who can actually dominate the Company and the Company's shareholders to exercise the rights of shareholders by laws or in real fact	(5) the "internal directors" shall refer to such directors who are concurrently taking other positions in the Company; The "independent directors" shall refer to those external directors who do not have any relationship with the Company and shareholders that may probably prevent them from making independent
through investment relations, agreements or other arrangement.	and objective judgment; The "external directors" shall refer to such directors who do not concurrently have other positions in the Company.
(4) the "connected relations" refers to the relationship between the Company's controlling shareholders, de facto controller, directors, supervisors, senior management officers and those enterprises which are directly or indirectly controlled by the foregoing parties and such other relationships which may cause the interests of the Company to be transferred. However, the state-controlled enterprises do not have connected relations merely because they are all being controlled by the State.	(6) the "business day" refers to legal business days stipulated by the State Council, including Saturdays or Sundays declared as temporary business days by the State Council ("business day in lieu of holidays"), but excluding legal holidays and Saturdays or Sundays other than business days in lieu of holidays; and the "trading day" refers to each of days from Monday to Friday, excluding legal holidays and business days in lieu of holidays.
(5) the "internal directors" shall refer to such directors who are concurrently taking other positions in the securities company; The "independent directors" shall refer to those external directors who do not have any relationship with the securities company and its shareholders that may probably prevent them from making independent and objective judgment; The "external directors" shall refer to such directors who do not concurrently have other positions in the securities company.

Original articles	Amended articles	Basis of amendment
(6) the "business day" refers to legal business days stipulated by the State Council, including Saturdays or Sundays declared as temporary business days by the State Council ("business day in lieu of holidays"), but excluding legal holidays and Saturdays or Sundays other than business days in lieu of holidays; and the "trading day" refers to each of days from Monday to Friday, excluding legal holidays and business days in lieu of holidays.
Article 312 The Board may formulate by-laws in accordance with the provisions of the Articles of Association, provided that such by-laws shall not be in violation of the Articles of Association.	Article 238 The Board may formulate by-laws in accordance with the provisions of the Articles of Association, provided that such by-laws shall not be in violation of the Articles of Association.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 203 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 313 The Articles of Association are written in Chinese. In case of any inconsistency between the Articles and the Articles of Association in any other language or of different version, the latest Chinese version of the Articles of Association approved by and registered with the administrative authority for Industry and Commerce shall prevail.	Article 239 The Articles of Association are written in Chinese. In case of any inconsistency between the Articles and the Articles of Association in any other language or of different version, the latest Chinese version of the Articles of Association approved by and registered with the Administration for Market Regulation of Jiangsu Province shall prevail.	A m e n d m e n t i s m a d e i n accordance with the relevant requirements of relevant laws, regulations and normative documents such as Article 204 of the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original articles	Amended articles	Basis of amendment
Article 314 The term "or above", "within",	Article 240 The term "or above", "within",	A m e n d m e n t i s m a d e i n
"following", as stated in the Articles of Association	"following" as stated in the Articles of Association	accordance with the relevant
shall all include the number or amount itself; the	shall all include the number or amount itself; the	requirements of relevant laws,
term "not exceeding", "except", "lower", "more"	term "exceeding", "except", "lower", "more" shall	regulations and normative
shall all exclude the number or amount itself.	all exclude the number or amount itself.	documents such as Article 205 of
		the currently effective Guidelines
		for the Articles of Association of
		Listed Companies of the CSRC,
		and taking into account the actual
		situation of the Company.
Article 316 The attachment hereof shall include the	Article 242 The attachment hereof shall include the	A m e n d m e n t i s m a d e i n
rules of procedure for the general meeting, the rules	rules of procedure for the general meeting and the	accordance with the relevant
of procedure for the Board of Directors and the rules	rules of procedure for the Board.	requirements of relevant laws,
of procedure for the Supervisory Committee.		regulations and normative
		documents such as Article 207 of
		the currently effective Guidelines
		for the Articles of Association of
		Listed Companies of the CSRC,
		and taking into account the actual
		situation of the Company.

II. THE SERIAL NUMBER OF ARTICLES AND SECTIONS IN THE ARTICLES OF ASSOCIATION SHALL BE ADJUSTED IN ACCORDANCE WITH THE ABOVE AMENDMENTS TO THE ARTICLES OF ASSOCIATION.

I. Amendments to the following articles of the Rules of Procedure for General Meeting of the Company

Original Articles	Amended articles	Basis of Amendments
Article 1 In order to safeguard the legitimate	Article 1 In order to safeguard the legitimate	Amendment is made in
rights and interests of all shareholders of Huatai	rights and interests of all shareholders of Huatai	accordance with the relevant
Securities Co., Ltd. (the "Company"), ensure the	Securities Co., Ltd. (the "Company"), ensure the	requirements of relevant laws,
standardized and efficient operation of the	standardized and efficient operation of the	regulations and normative
general meetings of the Company and ensure that	general meetings of the Company and ensure that	documents such as the currently
shareholders can exercise their powers and	shareholders can exercise their powers and	effective Rules for General
functions equally and effectively, these Rules	functions equally and effectively, these Rules	Meetings of Listed Companies of
have been formulated in accordance with the	have been formulated in accordance with the	the CSRC, and taking into
Company Law of the People's Republic of China	Company Law of the People's Republic of China	account the actual situation of
(the "Company Law"), the Corporate	(the "Company Law"), the Corporate	the Company.
Governance Rules for Securities Companies, the	Governance Rules for Securities Companies, the
Code of Corporate Governance for Listed	Code of Corporate Governance for Listed
Companies, the Rules for General Meetings of	Companies, the Rules for General Meetings of
Listed Companies, the Rules Governing the	Listed Companies, the Rules Governing the
Listing of Securities on the Hong Kong Stock	Listing of Securities on The Stock Exchange of
Exchange (the "Hong Kong Listing Rules"), the	Hong Kong Limited (the "Hong Kong Listing
Articles of Association of Huatai Securities Co.,	Rules"), the Articles of Association of Huatai
Ltd. (the "Articles of Association") and other	Securities Co., Ltd. (the "Articles of
relevant national laws and regulations.	Association") and other relevant national laws
	and regulations.
–	Article 2 These Rules shall apply to matters	Amendment is made in
	relating to the convening, proposal,	accordance with the relevant
	notification and holding of the general	requirements of relevant laws,
	meetings of the Company.	regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
–	Article 3 The Company shall convene general	Amendment is made in
	meeting(s) strictly in accordance with the	accordance with the relevant
	relevant provisions of laws, administrative	requirements of relevant laws,
	regulations, these Rules and the Articles of	regulations and normative
	Association to ensure that the shareholders	documents such as the currently
	can exercise their rights in accordance with	effective Rules for General
	the law.	Meetings of Listed Companies of
		the CSRC, and taking into
	The Board of the Company shall duly	account the actual situation of
	discharge its duties and conscientiously	the Company.
	organize general meeting(s) at the prescribed
	time. All Directors of the Company shall be
	diligent and responsible to ensure that general
	meetings are convened in the normal course
	and their powers are exercised in accordance
	with laws.
Article 2 The general meeting shall exercise its	Article 4 The general meeting shall exercise its	Amendment is made in
powers to the extent as provided by the Company	powers to the extent as provided by the Company	accordance with the relevant
Law and the Articles of Association.	Law and the Articles of Association.	requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 5 The Company shall convene general	–	Amendment is made in
meeting(s) strictly in accordance with the		accordance with the relevant
relevant provisions of laws, administrative		requirements of relevant laws,
regulations, these Rules and the Articles of		regulations and normative
Association to ensure that the shareholders can		documents such as the currently
exercise their rights in accordance with the law.		effective Rules for General
		Meetings of Listed Companies of
The Board of the Company shall duly discharge		the CSRC, and taking into
its duties and conscientiously organize general		account the actual situation of
meeting(s) at the prescribed time. All Directors		the Company.
of the Company shall be diligent and responsible
to ensure that general meetings are convened in
the normal course and their powers are exercised
in accordance with laws.
CHAPTER II CONVENING OF GENERAL	CHAPTER II CONVENING OF GENERAL	Amendment is made in
MEETINGS	MEETINGS	accordance with the relevant
		requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 6 The Board shall convene the general	Article 7 The Board shall convene the general	Amendment is made in
meeting on time within the time limit as	meeting on time within the time limit as	accordance with the relevant
prescribed in Article 3 of these Rules.	prescribed in Article 5 of these Rules.	requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 7 The independent Directors shall have	Article 8 With the consent of a majority of	Amendment is made in
the right to propose to the Board to call an	all independent Directors, the independent	accordance with the relevant
extraordinary general meeting. The Board shall,	Directors shall have the right to propose to the	requirements of relevant laws,
in accordance with relevant laws, administrative	Board to call an extraordinary general meeting.	regulations and normative
regulations and the Articles of Association, give	The Board shall, in accordance with relevant	documents such as the currently
a written response on whether or not it agrees to	laws, administrative regulations and the Articles	effective Rules for General
call such an extraordinary general meeting	of Association, give a written response on	Meetings of Listed Companies of
within 10 days after receiving the proposal from	whether or not it agrees to call such an	the CSRC, and taking into
the independent Directors to call such meeting.	extraordinary general meeting within 10 days	account the actual situation of
	after receiving the proposal from the independent	the Company.
If the Board agrees to hold an extraordinary	Directors to call such meeting.
general meeting, it shall issue a notice calling
such meeting within 5 days after it has so	If the Board agrees to hold an extraordinary
resolved. If the Board does not agree to hold the	general meeting, it shall issue a notice calling
extraordinary general meeting, it shall give the	such meeting within 5 days after it has so
reasons and publish an announcement.	resolved. If the Board does not agree to hold the
	extraordinary general meeting, it shall give the
	reasons and publish an announcement.
Article 8 The Supervisory Committee shall have	Article 9 The Audit Committee shall propose to	Amendment is made in
the right to propose to the Board in writing to	the Board in writing to hold an extraordinary	accordance with the relevant
hold an extraordinary general meeting. The	general meeting. The Board shall, in accordance	requirements of relevant laws,
Board shall, in accordance with relevant laws,	with relevant laws, administrative regulations	regulations and normative
administrative regulations and the Articles of	and the Articles of Association, give a written	documents such as the currently
Association, give a written response on whether	response on whether or not it agrees to call such	effective Rules for General
or not it agrees to call such an extraordinary	an extraordinary general meeting within 10 days	Meetings of Listed Companies of
general meeting within 10 days after receiving	after receiving the proposal from the independent	the CSRC, and taking into
the proposal from the independent Directors to	Directors to call such meeting.	account the actual situation of
call such meeting.		the Company.
	If the Board agrees to hold an extraordinary
If the Board agrees to hold an extraordinary	general meeting, it shall issue a notice calling
general meeting, it shall issue a notice calling	such meeting within 5 days after it has so
such meeting within 5 days after it has so	resolved. The consent of the Audit Committee
resolved. The consent of the Supervisory	shall be secured if any change is to be made in
Committee shall be secured if any change is to be	the notice to the original request.
made in the notice to the original request.
	If the Board disagrees to hold an extraordinary
If the Board disagrees to hold an extraordinary	general meeting or fails to give a written
general meeting or fails to give a written	response within 10 days after the receipt of the
response within 10 days after the receipt of the	proposal, the Audit Committee may convene
proposal, the Supervisory Committee may	and preside over an extraordinary general
convene and preside over an extraordinary	meeting on its own.
general meeting on its own.

Original Articles	Amended articles	Basis of Amendments
Article 9 Shareholders that hold, individually or	Article 10 Shareholders that hold, individually	Amendment is made in
collectively, 10% or more of the shares in the	or collectively, 10% or more of the shares in the	accordance with the relevant
Company shall have the right to request in	Company shall request in writing the Board to	requirements of relevant laws,
writing the Board to hold an extraordinary	hold an extraordinary general meeting.	regulations and normative
general meeting. The Board shall, in accordance		documents such as the currently
with relevant laws, administrative regulations	The Board shall, in accordance with relevant	effective Rules for General
and the Articles of Association, give a written	laws, administrative regulations and the Articles	Meetings of Listed Companies of
response on whether or not it agrees to call such	of Association, give a written response on	the CSRC, and taking into
an extraordinary general meeting within 10 days	whether or not it agrees to call such an	account the actual situation of
after receiving the proposal from the above	extraordinary general meeting within 10 days	the Company.
mentioned shareholders to call such meeting.	after receiving the proposal from the above
	mentioned shareholders to call such meeting.
If the Board agrees to hold an extraordinary
general meeting, it will issue a notice calling	If the Board agrees to hold an extraordinary
such meeting within 5 days after it has so	general meeting, it will issue a notice calling
resolved. The consent of the relevant	such meeting within 5 days after it has so
shareholders shall be secured if any change is to	resolved. The consent of the relevant
be made in the notice to the original request.	shareholders shall be secured if any change is to

	be made in the notice to the original request. If
If the Board disagrees to hold an extraordinary	the Board disagrees to hold an extraordinary
general meeting or fails to give a response within	general meeting or fails to give a response within
10 days after the receipt of the proposal, the	10 days after the receipt of the proposal, the
Shareholders that hold, individually or	Shareholders that hold, individually or
collectively, 10% of the Shares of the Company	collectively, 10% of the Shares of the Company
may propose to the Supervisory Committee to	may propose to the Audit Committee to hold an
hold an extraordinary general meeting.	extraordinary general meeting.

If the Supervisory Committee agrees to hold an	If the Audit Committee agrees to hold an
extraordinary general meeting, it will issue a	extraordinary general meeting, it will issue a
notice calling such meeting within 5 days after it	notice calling such meeting within 5 days after it
has so resolved. The consent of the relevant	has so resolved. The consent of the relevant
shareholders shall be secured if any change is to	shareholders shall be secured if any change is to
be made in the notice to the original requirement.	be made in the notice to the original requirement.

If the Supervisory Committee fails to issue the	If the Audit Committee fails to issue the notice
notice calling such meeting within the period	calling such meeting within the period specified
specified hereinabove, it shall be deemed to have	hereinabove, it shall be deemed to have failed to
failed to convene and preside over such meeting.	convene and preside over such meeting. The
The shareholders that hold, individually or	shareholders that hold, individually or
collectively, 10% of the shares in the Company	collectively, 10% of the shares in the Company
for 90 days or more consecutively may convene	for 90 days or more consecutively may convene
and preside over such meeting.	and preside over such meeting.

Original Articles	Amended articles	Basis of Amendments
Article 10 The Supervisory Committee or the	Article 11 The Audit Committee or the	Amendment is made in
shareholders that decide to hold a general	shareholders that decide to hold a general	accordance with the relevant
meeting by itself or themselves shall notify the	meeting by itself or themselves shall notify the	requirements of relevant laws,
Board thereof in writing, and file it with the	Board thereof in writing, and file it with the	regulations and normative
Stock Exchange.	Stock Exchange.	documents such as the currently
		effective Rules for General
The shareholders who convene the general	Upon issuing the notice of the general meeting	Meetings of Listed Companies of
meeting shall hold at least 10% of the shares in	and the resolutions of such meeting, the Audit	the CSRC, and taking into
the Company prior to the publication of the	Committee or the convening shareholder shall	account the actual situation of
resolutions of such meeting.	provide relevant supporting documents to the	the Company.
	Stock Exchange.
Upon issuing the notice of the general meeting
and the resolutions of such meeting, the	The shareholders that convene the general
Supervisory Committee and the convening	meeting shall hold at least 10% of the shares in
shareholder shall provide relevant supporting	the Company prior to the publication of the
documents to the Stock Exchange.	resolutions of such meeting.
Article 11 If the Supervisory Committee or	Article 12 If the Audit Committee or	Amendment is made in
shareholders itself/themselves convene a general	shareholders itself/themselves convene a general	accordance with the relevant
meeting, the Board and the secretary to the Board	meeting, the Board and the secretary to the Board	requirements of relevant laws,
shall provide cooperation. The Board shall	shall provide cooperation.	regulations and normative
provide the register of shareholders as of the date		documents such as the currently
of record. In the event the Board does not	The Board shall provide the register of	effective Rules for General
provide the register of shareholders, the person	shareholders as of the date of record. In the event	Meetings of Listed Companies of
convening the meeting(s) may make an	the Board does not provide the register of	the CSRC, and taking into
application to the securities registration and	shareholders, the person convening the	account the actual situation of
clearing organization to obtain the same by	meeting(s) may make an application to the	the Company.
producing the relevant announcement of the	securities registration and clearing organization
notice of the general meeting(s). The register of	to obtain the same by producing the relevant
shareholders obtained by the person convening	announcement of the notice of the general
the meeting shall not be used for any purpose	meeting(s). The register of shareholders obtained
other than convening of the general meeting(s).	by the person convening the meeting shall not be
	used for any purpose other than convening of the
	general meeting(s).

Original Articles	Amended articles	Basis of Amendments
Article 12 The necessary expenses of the general	Article 13 The necessary expenses of the general	Amendment is made in
meeting convened by the Supervisory Committee	meeting convened by the Audit Committee or	accordance with the relevant
or the shareholders itself/themselves shall be	the shareholders itself/themselves shall be borne	requirements of relevant laws,
borne by the Company from the outstanding	by the Company.	regulations and normative
payment for any negligent Director.		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
CHAPTER III PROPOSALS AND NOTICES	CHAPTER III PROPOSALS AND NOTICES	Amendment is made in
OF GENERAL MEETINGS	OF GENERAL MEETINGS	accordance with the relevant
		requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 13 The substance of the motion proposed	Article 14 The substance of the motion proposed	Amendment is made in
shall fall within the functions and powers of the	shall fall within the functions and powers of the	accordance with the relevant
general meeting. It shall have a clear subject of	general meeting. It shall have a clear subject of	requirements of relevant laws,
discussion and a specific resolution, and shall be	discussion and a specific resolution, and shall be	regulations and normative
in compliance with laws, administrative	in compliance with laws, administrative	documents such as the currently
regulations and the relevant requirements set	regulations and the relevant requirements set	effective Rules for General
forth in the Articles of Association.	forth in the Articles of Association.	Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 14 Shareholders that hold, individually	Article 15 Shareholders that hold, individually	Amendment is made in
or collectively, 3% or more of the shares in the	or collectively, 1% or more of the shares in the	accordance with the relevant
Company may submit extempore motions in	Company may submit extempore motions in	requirements of relevant laws,
writing to the convener 10 days prior to the date	writing to the convener 10 days prior to the date	regulations and normative
of such meeting. The convener shall, within two	of such meeting. The convener shall, within two	documents such as the currently
days after receipt of the motion, issue a	days after receipt of the motion, issue a	effective Rules for General
supplementary notice of the general meeting and	supplementary notice of the general meeting and	Meetings of Listed Companies of
make a public announcement of the contents of	make a public announcement of the contents of	the CSRC, and taking into
such extempore motion. Except as stipulated in	such extempore motion, and such extempore	account the actual situation of
the preceding paragraph, the convener may not,	motion shall be submitted to the general	the Company.
after publishing the notice of the general	meeting for consideration, unless such
meeting, make any change to the motions set	extempore motion is in violation of any law,
forth in such notice or add any new motions.	administrative regulation or the Articles of
	Association or fails to fall within the functions
Any proposal that is not stated on the notice of	and powers of the general meeting. The
the general meeting or that is incompliant with	Company shall not increase the shareholding
the provisions of Article 13 of these Rules will	ratio of the shareholder(s) submitting the
not be considered or approved by the general	extraordinary proposals.
meeting.
	Except as stipulated in the preceding paragraph,
	the convener may not, after publishing the notice
	of the general meeting, make any change to the
	motions set forth in such notice or add any new
	motions.

	Any proposal that is not stated on the notice of
	the general meeting or that is incompliant with
	the provisions of Article 14 of these Rules will
	not be considered or approved by the general
	meeting.
Article 15 The Company shall give a written	Article 16 The Company shall give a written	Amendment is made in
notice 20 days prior to the holding of an annual	notice 20 days prior to the holding of an annual	accordance with the relevant
general meeting, or give a written notice 15 days	general meeting, or give a written notice 15 days	requirements of relevant laws,
prior to the holding of an extraordinary general	prior to the holding of an extraordinary general	regulations and normative
meeting, informing all registered shareholders of	meeting, informing all registered shareholders of	documents such as the currently
the matters to be considered at the meeting and	the matters to be considered at the meeting and	effective Rules for General
the date and place of the meeting. If there are	the date and place of the meeting. If there are	Meetings of Listed Companies of
other provisions in laws and regulations, and any	other provisions in laws and regulations, and any	the CSRC, and taking into
other stipulations of the relevant regulators and	other stipulations of the relevant regulators and	account the actual situation of
stock exchanges where the Company's shares are	stock exchanges where the Company's shares are	the Company.
listed, such provisions and stipulations shall	listed, such provisions and stipulations shall
prevail.	prevail.

Original Articles	Amended articles	Basis of Amendments
Article 16 A notice of general meeting shall be	Article 17 The notice and the supplementary	Amendment is made in
made in writing and includes the following	notice, if any, of the general meeting shall	accordance with the relevant
contents:	disclose, fully and completely, the contents of	requirements of relevant laws,
	all the motions, and all such information and	regulations and normative
(1) specifying the time, place and duration of the	explanation as is necessary for the	documents such as the currently
meeting;	shareholders to make a reasonable judgement	effective Rules for General
	on the matters to be discussed.	Meetings of Listed Companies of
(2) matters and motions submitted to the meeting		the CSRC, and taking into
for consideration. The notice and the		account the actual situation of
supplementary notice, if any, of the general		the Company.
meeting shall disclose, fully and completely, the
contents of all the motions. Where the opinion of
any independent Director is required in relation
to any matter to be considered at the meeting, the
opinion and the reason of the independent
Director shall also be disclosed in the notice and

the supplementary notice, if any, of the general
meeting;

(3) the notice shall provide shareholders with
such information and explanation as necessary
for the shareholders to make an informed
decision on the matters to be discussed; without
limiting the generality of the foregoing, when the
Company propose a merger, repurchase of the
shares of the Company, reorganization of the
share capital or other restructuring, it shall
provide the specific conditions and contracts (if
any) of the transaction contemplated and
earnestly explain the cause and effect of the
transaction;

(4) the notice shall contain a disclosure of the
nature and extent of the material interests, if any,
of any Director, Supervisor or senior
management officers, and an explanation of the
difference, if any, between the way in which the
matter to be discussed would affect such
Director, Supervisor or senior management
officer in his or her capacity as a shareholder and
the way in which such matter would affect other
shareholders of the same class;

Original Articles	Amended articles	Basis of Amendments
(5) the notice shall contain the full text of any
special resolution proposed to be passed at the
meeting;
(6) the notice shall specify the time and place for
lodging a power of attorney for voting by proxy;
(7) containing conspicuously a statement that all
shareholders have the right to attend and vote at
the general meeting either in person or by proxy
in writing, and that such proxy need not be a
shareholder of the Company;
(8) the date of record for shareholders entitled to attend the general meeting;
(9) the name and telephone number of a contact
person for the meeting; and
(10) the time and procedure for voting online or
through other means.
There shall be not more than 7 business days
between the date of record and the date of the
general meeting. The date of record shall not be
changed once determined.

Original Articles	Amended articles	Basis of Amendments
Article 17 Unless stipulated otherwise in the	–	Due to the abolishment of
Articles of Association, the notice of the general		relevant requirements such as the
meeting shall be delivered to shareholders		Notice on Implementation of the
(whether or not entitled to vote thereat) by hand		Mandatory Provisions of Articles
or prepaid mail at the recipient's address shown		of Association of Companies that
in the register of shareholders. As for domestic		List Overseas, amendment is
shareholders, the notice of the general meeting		made in accordance with the
may also be given by way of a public		relevant requirements of relevant
announcement.		laws, regulations and normative
		documents such as the currently
The announcement referred to in the preceding		effective Rules for General
paragraph shall be published on the media and		Meetings of Listed Companies of
Stock Exchange websites that meet the		the CSRC, and taking into
conditions prescribed by the CSRC. Once such		account the actual situation of
an announcement is made, all holders of the		the Company.
domestic shares shall be deemed to have received
the relevant notice of the general meeting.

Subject to the laws, administrative regulations,
normative documents and the relevant listing
rules of the securities regulatory authority where
the Company's shares are listed and subject to
the performance of the relevant procedures, the
Company can issue the notice of the general
meeting to the holders of overseas listed foreign
shares by publications on the website of the
Company or the websites designated by The
Stock Exchange of Hong Kong Limited or
otherwise permitted by Hong Kong Listing Rules
and the Articles of Association in lieu of
delivering the relevant information to the holders
of overseas listed foreign shares by hand or by
postage prepaid mail.

Original Articles	Amended articles	Basis of Amendments
Article 18 Where the notice of the general	Article 18 Where the notice of the general	Amendment is made in
meeting is not given to a shareholder that is	meeting is not given to a shareholder that is	accordance with the relevant
entitled to receive such notice, or where such	entitled to receive such notice, or where such	requirements of relevant laws,
shareholder fails to receive the notice, due to any	person fails to receive the notice, due to any	regulations and normative
accidental omission, this shall not invalidate the	accidental omission, the meeting or any adopted	documents such as the currently
meeting or any adopted resolution in the	resolution in the meeting shall not be	effective Guidelines for the
meeting.	invalidated solely on that account.	Articles of Association of Listed
		Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 19 Where the general meeting proposes	Article 19 Where the general meeting proposes	Amendment is made in
to consider the election of a Director or	to consider the election of a Director, the notice	accordance with the relevant
Supervisor, the notice of the general meeting	of the general meeting shall fully disclose the	requirements of relevant laws,
shall fully disclose the details of Director or	details of Director nominees, which shall at	regulations and normative
Supervisor nominees, which shall at minimum	minimum include the following:	documents such as the currently
include the following:		effective Rules for General
	(1) personal information, such as their education	Meetings of Listed Companies of
(1) personal information, such as their education	background, working experiences and concurrent	the CSRC, and taking into
background, working experiences and concurrent	positions, etc.;	account the actual situation of
positions, etc.;		the Company.
	(2) whether they have a connected relationship
(2) whether they have a connected relationship	with the Company or its controlling shareholder
with the Company or its controlling shareholder	or de facto controller;
or de facto controller;
	(3) the number of shares they hold in the
(3) the number of shares they hold in the	Company;
Company;
	(4) whether they have been punished by the
(4) whether they have been punished by the	CSRC or other related administrative
CSRC or other related administrative	departments or been reprimanded by any stock
departments or been reprimanded by any stock	exchange; and
exchange; and
	(5) disclosable information in relation to the new
(5) disclosable information in relation to the new	appointment, re-election or re-designation of
appointment, re-election or re-designation of	Directors as required by the Hong Kong Listing
Directors or Supervisors as required by the	Rules.
Hong Kong Listing Rules.
	Except for the election of Directors by means of
Except for the election of Directors and	cumulative voting, election of each Director
Supervisors by means of cumulative voting,	candidate shall be conducted by a separate
election of each Director and Supervisor	proposal.
candidate shall be conducted by a separate
proposal.

Original Articles	Amended articles	Basis of Amendments
–	Article 20 The notice of the general meeting	Amendment is made in
	shall specify the time and place of the meeting	accordance with the relevant
	and determine the date of record. There shall	requirements of relevant laws,
	be not more than 7 business days between the	regulations and normative
	date of record and the date of the general	documents such as the currently
	meeting. The date of record shall not be	effective Rules for General
	changed once determined.	Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 20 Once the notice of the general	Article 21 Once the notice of the general	Amendment is made in
meeting is issued, such meeting shall not be	meeting is issued, such meeting shall not be	accordance with the relevant
postponed or cancelled, nor any proposal listed	postponed or cancelled, nor any proposal listed	requirements of relevant laws,
on the notice be canceled without a legitimate	on the notice be canceled without a legitimate	regulations and normative
reason. In the case of a postpone or cancellation,	reason. In the case of a postpone or cancellation,	documents such as the currently
the convener shall, at least two trading days prior	the convener shall, at least two trading days prior	effective Rules for General
to originally scheduled date for the meeting,	to originally scheduled date for the meeting,	Meetings of Listed Companies of
publish the announcement and explain the	publish the announcement and explain the	the CSRC, and taking into
reason.	reason.	account the actual situation of
		the Company.
CHAPTER IV CONVENING OF GENERAL	CHAPTER IV CONVENING OF GENERAL	Amendment is made in
MEETINGS	MEETINGS	accordance with the relevant
		requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 21 The Company shall convene the	Article 22 The Company shall convene the
		Amendment is made in
general meeting at the place of domicile of the	general meeting at the place of domicile of the	accordance with the relevant
Company or at the place stipulated in the Articles	Company or at the place stipulated in the Articles	requirements of relevant laws,
of Association.	of Association.	regulations and normative
		documents such as the currently
The general meeting shall be held in the venue by	The general meeting shall be held in the venue	effective Rules for General
way of combination of physical meeting and	by way of physical meeting, and shall be	Meetings of Listed Companies of
online poll. The time and place of the on-site	conducted in accordance with provisions of	the CSRC, and taking into
meeting shall be selected to facilitate the	laws, administrative regulations, the securities	account the actual situation of
participation of shareholders. A shareholder who	regulatory authority at the place where the	the Company.
participates in a general meeting in the aforesaid	Company's shares are listed, or the Articles of
means shall be deemed as being present.	Association, using secure, economical, and
	convenient network and other methods to provide convenience for shareholders.

	A shareholder may either attend and vote at
	the general meeting(s) in person, or appoint a
	proxy to attend or vote on his/her behalf
	within the scope of authorization.
Article 22 The starting time of voting online or	Article 23 The Company shall clearly set out	Amendment is made in
through other means shall not be earlier than	in the notice of the general meeting(s) the time	accordance with the relevant
3:00 p.m. on the day before the on-site general	and procedure for voting online or through	requirements of relevant laws,
meeting(s), and shall not be later than 9:30 a.m.	other means.	regulations and normative
on the date of the on-site general meeting(s), its		documents such as the currently
finishing time shall not be earlier than 3:00 p.m.	The starting time of voting online or through	effective Rules for General
on the date on which the on-site general	other means shall not be earlier than 3:00 p.m. on	Meetings of Listed Companies of
meeting(s) concludes.	the day before the on-site general meeting(s),	the CSRC, and taking into
	and shall not be later than 9:30 a.m. on the date	account the actual situation of
	of the on-site general meeting(s), its finishing	the Company.
	time shall not be earlier than 3:00 p.m. on the
	date on which the on-site general meeting(s)
	concludes.
Article 23 The Board and other conveners shall	Article 24 The Board and other conveners shall	Amendment is made in
take necessary measures to ensure the normal	take necessary measures to ensure the normal	accordance with the relevant
order of the general meeting. It/they shall take	order of the general meeting. It/they shall take	requirements of relevant laws,
measures to halt acts that disrupt the general	measures to halt acts that disrupt the general	regulations and normative
meeting, seek to cause trouble or infringe upon	meeting, seek to cause trouble or infringe upon	documents such as the currently
the lawful rights and interests of shareholders	the lawful rights and interests of shareholders	effective Rules for General
and promptly report the same to the relevant	and promptly report the same to the relevant	Meetings of Listed Companies of
authorities to investigate and deal with the	authorities to investigate and deal with the	the CSRC, and taking into
matters.	matters.	account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 24 The shareholder that has the right to	Article 25 All the shareholders, or their	Amendment is made in
attend and vote at the general meeting shall be	proxies, appearing on the register of	accordance with the relevant
entitled to appoint one or more persons (who	shareholders as of the record date shall be	requirements of relevant laws,
need not be shareholders) as his or her proxy to	entitled to attend the general meeting(s) and	regulations and normative
attend and vote at the meeting on his or her	the Company and the persons convening the	documents such as the currently
behalf. Such proxy may exercise the following	meeting may not refuse their attending for any	effective Rules for General
rights in accordance with his or her appointment	reason. Shareholders attending the general	Meetings of Listed Companies of
by the shareholder:	meeting shall be entitled to one vote for each	the CSRC, and taking into
	share held. Shares held by the Company itself	account the actual situation of
(1) speak at the meeting on behalf of the	do not carry any voting rights.	the Company.

shareholder;

(2) demand or join in the demand for a poll; and

(3) vote by show of hands or by poll, provided
that if the shareholder has appointed more than
one proxy, such proxy may only vote by poll.
Article 25 The shareholder shall appoint a proxy	Article 26 The shareholders shall produce	Amendment is made in
in writing, which shall be signed by the	identity cards or other valid certificates or	accordance with the relevant
principals or their agents appointed in writing. If	proofs evidencing their identities to attend	requirements of relevant laws,
the principal is a legal person, the instrument	general meeting(s). The proxies shall also	regulations and normative
shall be under the seal of the legal person or	produce the shareholders' proxy forms and	documents such as the currently
signed by its Director or duly authorized agent.	valid personal identity documents.	effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 27 When the Company convenes a	Article 28 If the general meeting requires the	Amendment is made in
general meeting, all Directors, Supervisors and	Directors or senior management officers to	accordance with the relevant
secretary to the Board shall attend, and the Chief	attend the meeting, the Directors or senior	requirements of relevant laws,
Executive Officer and other senior management	management officers shall do so and shall face	regulations and normative
officers shall attend the meeting as non-voting	the shareholders' inquiries.	documents such as the currently
participants.		effective Rules for General

		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 29 At the annual general meeting, the	Article 30 At the annual general meeting, the	Amendment is made in
Board and the Supervisory Committee shall	Board shall report on its work over the	accordance with the relevant
report on their work over the previous year, and	previous year, and each independent Director	requirements of relevant laws,
disclose the implementation of duties of the	shall give a report on the performance of his	regulations and normative
Directors and Supervisors in the annual report,	or her duties.	documents such as the currently
including the number of presence of Directors		effective Rules for General
and Supervisors at the Board meetings and the		Meetings of Listed Companies of
meetings of the Supervisory Committee, the		the CSRC, and taking into
voting results and others. Each independent		account the actual situation of
Director shall give a report on the performance		the Company.
of his or her duties.
Article 30 The Directors, Supervisors and	Article 31 The Directors and senior management	Amendment is made in
senior management officers shall answer and	officers shall answer and explain inquiries made	accordance with the relevant
explain inquiries made by shareholders at the	by shareholders at the general meeting.	requirements of relevant laws,
general meeting.		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 32 Shareholders should abstain from	Article 33 Shareholders should abstain from	Amendment is made in
voting should they be connected with the subject	voting should they be connected with the subject	accordance with the relevant
of the agenda of a general meeting and the voting	of the agenda of a general meeting and the voting	requirements of relevant laws,
shares held by them shall not be counted in the	shares held by them shall not be counted in the	regulations and normative
total number of voting shares represented by	total number of voting shares represented by	documents such as the currently
shareholders attending a general meeting.	shareholders attending a general meeting.	effective Rules for General
When material issues affecting the interests of	When material issues affecting the interests of	Meetings of Listed Companies of the CSRC, and taking into
minority shareholders are considered at a general	minority shareholders are considered at a general	account the actual situation of
meeting, the votes of minority shareholders shall	meeting, the votes of minority shareholders shall	the Company.
be counted separately. The separate votes	be counted separately. The separate votes
counting results shall be disclosed publicly in a	counting results shall be disclosed publicly in a
timely manner.	timely manner.

The Company's shares which are also held by	The Company's shares which are also held by
itself do not carry any voting rights, and shall not	itself do not carry any voting rights, and shall not
be counted in the total number of voting shares	be counted in the total number of voting shares
represented by shareholders attending a general	represented by shareholders attending a general
meeting.	meeting.

Original Articles	Amended articles	Basis of Amendments
If a shareholder buys voting shares of the Company in violation of the provisions of Article 63 (1) and (2) of the Securities Law, such shares in excess of the prescribed proportion shall not be entitled to exercise voting rights for a period of thirty-six months after the purchase, and shall not be counted in the total number of voting shares represented by shareholders attending a general meeting.	If a shareholder buys voting shares of the Company in violation of the provisions of Article 63 (1) and (2) of the Securities Law, such shares in excess of the prescribed proportion shall not be entitled to exercise voting rights for a period of thirty-six months after the purchase, and shall not be counted in the total number of voting shares represented by shareholders attending a general meeting.
The Board, independent directors, shareholders holding 1% or more of the voting shares or investor protection institutions established pursuant to laws, administrative regulations or the provisions of the securities regulatory authorities of the State Council, may act as proxy solicitors, by themselves or through their appointed securities companies or securities service institutions, to publicly invite the shareholders of the Company to entrust them to attend the general meeting and exercise the rights of shareholders such as to propose and vote on resolutions, on their behalf.	The Board, independent directors, shareholders holding 1% or more of the voting shares or investor protection institutions established pursuant to laws, administrative regulations or the provisions of the securities regulatory authorities of the State Council, may act as proxy solicitors, by themselves or through their appointed securities companies or securities service institutions, to publicly invite the shareholders of the Company to entrust them to attend the general meeting and exercise the rights of shareholders such as to propose and vote on resolutions, on their behalf.
Where the rights of shareholders are solicited in accordance with the provisions of the preceding paragraph, the solicitors shall disclose the solicitation documents, and the Company shall cooperate.	Where the rights of shareholders are solicited in accordance with the provisions of the preceding paragraph, the solicitors shall disclose the solicitation documents, and the Company shall cooperate.
Information including specific voting preference shall be fully provided to the shareholders from whom voting rights are being solicited. Consideration or de facto consideration for publicly soliciting shareholders' rights is prohibited. Except for statutory conditions, the Company and the convener of the general meeting shall not impose any minimum shareholding limitation for soliciting voting rights.	Information including specific voting preference shall be fully provided to the shareholders from whom voting rights are being solicited. Consideration or de facto consideration for publicly soliciting shareholders' rights is prohibited. Except for statutory conditions, the Company and the convener of the general meeting shall not impose any minimum shareholding limitation for soliciting voting rights.
Any public solicitation of shareholders' rights in violation of the laws, administrative regulations or relevant provisions of the securities regulatory authorities of the State Council, which causes the Company or the shareholders of the Company to suffer losses, shall be liable for compensation in accordance with the laws.	Any public solicitation of shareholders' rights in violation of the laws, administrative regulations or relevant provisions of the securities regulatory authorities of the State Council, which causes the Company or the shareholders of the Company to suffer losses, shall be liable for compensation in accordance with the laws.

Original Articles	Amended articles	Basis of Amendments
Article 33 Unless a poll is required pursuant to	–	Due to the abolishment of
the rules of the local securities regulatory		relevant requirements such as the
authority at the place where the stock of the		Notice on Implementation of the
Company is listed, or any of the following		Mandatory Provisions of Articles
persons requests a poll before or after voting by		of Association of Companies that
hand, votes at the general meeting shall be taken		List Overseas, amendment is
by show of hands:		made in accordance with the
		relevant requirements of relevant
(1) the chairman of the meeting;		laws, regulations and normative
		documents such as the currently
(2) at least two shareholders with voting rights or		effective Rules for General
proxies with voting rights; and		Meetings of Listed Companies of
		the CSRC, and taking into
(3) one or several shareholders (including their		account the actual situation of
proxies) that hold, individually or collectively,		the Company.
more than one-tenth (inclusive) of the shares
carrying the right to vote at the meeting.

Unless a poll is requested, the chairman of the
meeting may declare the result of voting by show
of hands, and whether the proposal concerned
has been passed or not, and have the information
included in the minutes of the meeting as the
final evidence, without proving the number or
percentage of votes in favor or against the
proposal concerned.

The demand for a poll may be withdrawn by the
person who made it.

Original Articles	Amended articles	Basis of Amendments
Article 34 If the matter demanded a poll is the	–	Due to the abolishment of
election of the chairman or the adjournment of		relevant requirements such as the
the meeting, a poll shall be taken immediately. If		Notice on Implementation of the
a poll is demanded for other matters, such poll		Mandatory Provisions of Articles
shall be taken at the time decided upon by the		of Association of Companies that
chairman and the meeting may proceed with the		List Overseas, amendment is
discussion of other matters; the result of the poll		made in accordance with the
shall still be regarded as a resolution passed at		relevant requirements of relevant
that meeting.		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 35 When a poll is held, shareholders	–	Due to the abolishment of
(including proxies) having the right to two or		relevant requirements such as the
more votes need not use all of their voting rights		Notice on Implementation of the
in the same way as "for", "against" or "abstain".		Mandatory Provisions of Articles
		of Association of Companies that
If votes for and against a resolution are equal,		List Overseas, amendment is
either by show of hands or by poll, the chairman		made in accordance with the
shall be entitled to give an additional vote.		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 36 The chairman of the general meeting shall decide whether any resolution of the meeting is approved according to the voting result. The decision shall be final, and the voting result shall be announced at the meeting and recorded in the minutes of the meeting.	–	Due to the abolishment of relevant requirements such as the Notice on Implementation of the Mandatory Provisions of Articles of Association of Companies that List Overseas, amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 37 If the sole shareholder of the Company and its person acting in concert hold more than 30% shares of the Company, or for resolutions in respect of the election of more than two Directors (not being staff representatives) and Supervisors (not being staff representatives), cumulative voting system shall be adopted at the general meeting pursuant to the Articles of Association or the resolution of the general meeting. The "cumulative voting system" as referred to in the preceding paragraph means that when a general meeting elects Directors or Supervisors, each share carries a number of voting rights equivalent to the number of Directors or Supervisors to be elected, and a shareholder may cluster his or her voting rights.	Article 34 If the sole shareholder of the Company and its person acting in concert hold more than 30% shares of the Company, or for resolutions in respect of the election of more than two Directors (not being staff representatives), cumulative voting system shall be adopted at the general meeting pursuant to the Articles of Association or the resolution of the general meeting. The "cumulative voting system" as referred to in the preceding paragraph means that when a general meeting elects Directors, each share carries a number of voting rights equivalent to the number of Directors to be elected, and a shareholder may cluster his or her voting rights.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 38 In addition to the cumulative voting system, the general meeting shall resolve on all the proposals separately. In the event of several proposals for the same issue, such proposals shall be voted on and resolved in the order of time at which they are submitted. Unless the general meeting is adjourned or no resolution can be made for special reasons such as force majeure, voting of such proposals shall neither be put aside nor denied at the general meeting.	Article 35 In addition to the cumulative voting system, the general meeting shall resolve on all the proposals separately. In the event of several proposals for the same issue, such proposals shall be voted on and resolved in the order of time at which they are submitted. Unless the general meeting is adjourned or no resolution can be made for special reasons such as force majeure, voting of such proposals shall neither be put aside nor denied at the general meeting.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.

Original Articles	Amended articles	Basis of Amendments
Article 39 When considering a proposal, the general meeting shall not revise it; otherwise, such amendments shall be deemed as a new proposal and may not be voted on during the current meeting.	Article 36 When considering a proposal, the general meeting shall not revise it; if there are any amendments, such amendments shall be deemed as a new proposal and may not be voted on during the current meeting.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
Article 41 A shareholder attending a general meeting shall express one of the following opinions on any proposal to be voted on: for, against or abstention. Save for the circumstance under which the securities registration and settlement institution acting as the nominal holder of Shares under the Stock Connect between Mainland and Hong Kong and the nominal holder of some H Shares and the depositary of global depositary receipts (the "Depositary") acting as the nominal holder of A Shares, the underlying securities represented by global depositary receipts, make reporting in accordance with the instruction of the de facto holders of relevant shares.	Article 38 A shareholder attending a general meeting shall express one of the following opinions on any proposal to be voted on: for, against or abstention. Save for the circumstance under which the securities registration and settlement institution acting as the nominal holder of Shares under the Stock Connect between Mainland and Hong Kong and the nominal holder of some H Shares and the depositary of global depositary receipts (the "Depositary") acting as the nominal holder of A Shares, the underlying securities represented by global depositary receipts, make reporting in accordance with the instruction of the de facto holders of relevant shares.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
If a poll is blank, marked erroneously, illegible or has not been cast, the voter shall be deemed to have waived his or her right to vote and the voting results for the number of shares that he or she holds shall be recorded as "abstained". Where any shareholder is, under the Hong Kong Listing Rules, required to abstain from voting on	If a poll is blank, marked erroneously, illegible or has not been cast, the voter shall be deemed to have waived his or her right to vote and the voting results for the number of shares that he or she holds shall be recorded as "abstained". Where any shareholder is, under the Hong Kong Listing Rules, required to abstain from voting on
any particular resolution or restricted to voting only in favor of (or only against) any particular resolution, any votes cast by or on behalf of such shareholder in violation of such requirement or restriction shall not be counted.	any particular resolution or restricted to voting only in favor of (or only against) any particular resolution, any votes cast by or on behalf of such shareholder in violation of such requirement or restriction shall not be counted.

Original Articles	Amended articles	Basis of Amendments
Article 42 Before the general meeting votes on a	Article 39 Before the general meeting votes on a	Amendment is made in
proposal, two shareholders' representatives shall	proposal, two shareholders' representatives shall	accordance with the relevant
be elected to participate in the vote counting and	be elected to participate in the vote counting and	requirements of relevant laws,
vote scrutiny. When a shareholder is related to a	vote scrutiny. When a shareholder is related to a	regulations and normative
matter being considered, he or she and his or her	matter being considered, he or she and his or her	documents such as the currently
proxies may not participate in the vote counting	proxies may not participate in the vote counting	effective Rules for General
or vote scrutiny.	or vote scrutiny.	Meetings of Listed Companies of
		the CSRC, and taking into
When votes are cast on proposals at the general	When votes are cast on proposals at the general	account the actual situation of
meeting, attorneys, representatives of the	meeting, attorneys and representatives of the	the Company.
shareholders and the representative of	shareholders shall be jointly responsible for
Supervisors shall be jointly responsible for	scrutinizing and counting votes and shall
scrutinizing and counting votes.	announce the voting results at the meeting.

Shareholders of the Company or their proxies,	Shareholders of the Company or their proxies,
who have cast their votes by online voting or by	who have cast their votes by online voting or by
other means, shall have the right to check the	other means, shall have the right to check the
voting results in the way in which they have cast	voting results in the way in which they have cast
their votes.	their votes.
Article 43 The ending time of an on-site general	Article 40 The ending time of an on-site general	Amendment is made in
meeting shall not be earlier than that of online or	meeting shall not be earlier than that of online or	accordance with the relevant
other access to the meeting. The chairman of the	other access to the meeting. The chairman of the	requirements of relevant laws,
meeting shall announce at the site of the meeting	meeting shall announce at the site of the meeting	regulations and normative
the outcome and results of the vote on each	the outcome and results of the vote on each	documents such as the currently
proposed resolution, and whether or not such	proposed resolution, and whether or not such	effective Rules for General
proposed resolution has been passed according to	proposed resolution has been passed according to	Meetings of Listed Companies of
such voting results.	such voting results.	the CSRC, and taking into
		account the actual situation of
Prior to the formal announcement of voting	Prior to the formal announcement of voting	the Company.
results, the relevant parties from the Company,	results, the relevant parties from the Company,
the persons responsible for counting votes and	the persons responsible for counting votes and
scrutinizing the conduct of the relevant poll, the major shareholders, the person in charge of the	scrutinizing the conduct of the relevant poll, the shareholders, the person in charge of the relevant
relevant internet service provider involved in	internet service provider involved in relation to
relation to voting at the general meeting, online	voting at the general meeting, online or by other
or by other means, shall be obliged to keep the
	means, shall be obliged to keep the status of

Original Articles	Amended articles	Basis of Amendments
Article 44 The resolution of the general meeting	Article 41 The resolution of the general meeting	Amendment is made in
shall be promptly announced. The announcement	shall be promptly announced. The announcement	accordance with the relevant
shall state the number of attending shareholders	shall state the number of attending shareholders	requirements of relevant laws,
and proxies, their number of voting shares and	and proxies, their number of voting shares and	regulations and normative
their percentages to the total number of the	their percentages to the total number of the	documents such as the currently
voting shares in the Company, the voting method	voting shares in the Company, the voting method	effective Rules for General
or methods, the voting result for each proposal,	or methods, the voting result for each proposal,	Meetings of Listed Companies of
and the details of each resolution passed in the	and the details of each resolution passed in the	the CSRC, and taking into
meeting.	meeting.	account the actual situation of
		the Company.
Article 45 A shareholder shall be entitled to	–	Due to the abolishment of
inspect copies of minutes of meeting(s) free of		relevant requirements such as the
charge during office hours of the Company. Upon		Notice on Implementation of the
the request of any shareholder for a copy of the		Mandatory Provisions of Articles
relevant minutes of meeting, the Company shall		of Association of Companies that
send out the copy of the minutes within seven		List Overseas, amendment is
days of receipt of the reasonable payment		made in accordance with the
therefore.		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 46 Where a proposal has not been passed	Article 42 Where a proposal has not been passed	Amendment is made in
or the resolutions of the preceding general	or the resolutions of the preceding general	accordance with the relevant
meeting have been changed at the current general	meeting have been changed at the current general	requirements of relevant laws,
meeting, special mention shall be made in the	meeting, special mention shall be made in the	regulations and normative
announcement of the resolutions of the general	announcement of the resolutions of the general	documents such as the currently
meeting.	meeting.	effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 47 Minutes shall be kept of the general	Article 43 Minutes shall be kept of the general	Amendment is made in
meeting and the secretary to the Board shall be	meeting and the secretary to the Board shall be	accordance with the relevant
responsible therefore. The meeting minutes shall	responsible therefore. The meeting minutes shall	requirements of relevant laws,
record the following particulars:	record the following particulars:	regulations and normative
		documents such as the currently
(1) the time, place, agenda for, the meeting, and	(1) the time, place, agenda for, the meeting, and	effective Rules for General
the name of the convener;	the name of the convener;	Meetings of Listed Companies of
		the CSRC, and taking into
(2) the names of the chairman of the meeting,	(2) the names of the chairman of the meeting,	account the actual situation of
and of Directors, Supervisors and senior	and of Directors and senior management	the Company.
management officers in attendance or present in	officers present in a non-voting capacity;
a non-voting capacity;
	(3) the number of attending shareholders and
(3) the number of attending shareholders and	proxies, and the total number of their voting
proxies, and the total number of their voting	shares and percentages to the total shares of the
shares and percentages to the total shares of the	Company;
Company;
	(4) the deliberations on each proposal, the main
(4) the deliberations on each proposal, the main	points of each speaker's statements in respect of
points of each speaker's statements in respect of	thereof, and the voting result;
thereof, and the voting result;
	(5) the queries or suggestions from shareholders,
(5) the queries or suggestions from shareholders,	and the relevant replies or explanations;
and the relevant replies or explanations;
	(6) the names of the attorney, vote counters and
(6) the names of the attorney, vote counters and	counting Supervisors; and
counting Supervisors; and
	(7) other information to be entered into the
(7) other information to be entered into the minutes pursuant to the Articles of Association.	minutes pursuant to the Articles of Association.
	The minutes shall be signed by attending or
The minutes shall be signed by attending	presenting Directors, the secretary to the Board,
Directors, Supervisors, the secretary to the	the convener or his or her representative, and the
Board, the convener or his or her representative,	chairman of the meeting, and it is ensured that
and the chairman of the meeting, and it is	the content of the minutes of the meeting is true,
ensured that the content of the minutes of the	accurate and complete. The minutes shall be kept
meeting is true, accurate and complete. The	for not less than 15 years, together with the book
minutes shall be kept for not less than 15 years,	of signatures of the attending shareholders, the
together with the book of signatures of the	power of attorney for shareholders that attend the
attending shareholders, the power of attorney for	meeting by proxy, and effective information
shareholders that attend the meeting by proxy,	concerning voting online or by other means.
and effective information concerning voting
online or by other means.

Original Articles	Amended articles	Basis of Amendments
Article 48 The convener shall ensure that the	Article 44 The convener shall ensure that the	Amendment is made in
general meeting continues until a final resolution	general meeting continues until a final resolution	accordance with the relevant
is reached. Where the general meeting is	is reached. Where the general meeting is	requirements of relevant laws,
interrupted or fails to reach a resolution due to	interrupted or fails to reach a resolution due to	regulations and normative
force majeure or any other exceptional cause, the	force majeure or any other exceptional cause, the	documents such as the currently
convener shall take necessary actions to restore	convener shall take necessary actions to restore	effective Rules for General
the meeting as soon as practicable, or terminate	the meeting as soon as practicable, or terminate	Meetings of Listed Companies of
the meeting immediately with a timely	the meeting immediately with a timely	the CSRC, and taking into
publication, in which circumstances, the	publication, in which circumstances, the	account the actual situation of
convener shall report it to the local CSRC agency	convener shall report it to the local CSRC agency	the Company.
where the Company is located and the Stock	where the Company is located and the Stock
Exchange.	Exchange.
Article 49 Where a resolution on the election of	Article 45 Where a resolution on the election of	Amendment is made in
Directors or Supervisors is passed at the general	Directors is passed at the general meeting, the	accordance with the relevant
meeting, the newly-elected Director or	newly-elected Director shall take office in	requirements of relevant laws,
Supervisor shall take office in accordance with	accordance with the provisions of the Articles of	regulations and normative
the provisions of the Articles of Association.	Association.	documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 50 Where a proposed resolution in	Article 46 Where a proposed resolution in	Amendment is made in
relation to the payment of cash dividends, the	relation to the payment of cash dividends, the	accordance with the relevant
issue of bonus shares or the capitalization of	issue of bonus shares or the capitalization of	requirements of relevant laws,
capital reserves has been passed at a general	capital reserves has been passed at a general	regulations and normative
meeting, the Company shall implement the	meeting, the Company shall implement the	documents such as the currently
specific plans within two months after the	specific plans within two months after the	effective Rules for General
conclusion of the general meeting.	conclusion of the general meeting.	Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 51 Any resolution of the general meeting of the Company in violation of the laws and administrative regulations shall be void.	Article 47 Any resolution of the general meeting of the Company in violation of the laws and administrative regulations shall be void.	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative
The controlling shareholder(s) or the de facto controller(s) of the Company shall neither restrict nor impede minority shareholders from exercising their voting rights in accordance with the law, nor harm the legitimate interests of the Company and its minority shareholders.	The controlling shareholder(s) or the de facto controller(s) of the Company shall neither restrict nor impede minority shareholders from exercising their voting rights in accordance with the law, nor harm the legitimate interests of the Company and its minority shareholders.	documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company.
If the convening procedure or voting method of a general meeting violates any law, administrative regulation or the Articles of Association, or the contents of a resolution breaches the Articles of Association, the shareholder may petition a court to revoke such resolution within 60 days from the date on which the resolution is approved.	If the convening procedure or voting method of a general meeting violates any law, administrative regulation or the Articles of Association, or the contents of a resolution breaches the Articles of Association, the shareholder may petition a court to revoke such resolution within 60 days from the date on which the resolution is approved. However, this shall not apply when there are only minor defects in the convening procedures or voting method of the general meeting, which do not materially affect the resolution.
	Where the Board, shareholders and other stakeholders dispute the matters such as the qualifications of the convener, the convening procedures, the legality of the proposal and the validity of a resolution of the general meeting, they shall promptly file a lawsuit with the people's court. Before the people's court makes a judgement or ruling such as a revocation of the resolution, the stakeholders shall execute the resolution of the general meeting. The Company, Directors and senior management officer shall perform their duties diligently and implement the resolution of the general meeting in a timely manner to ensure the normal operation of the Company.
	Where the people's court makes a judgement or ruling on a relevant matter, the Company shall fulfil its obligation to disclose the information in accordance with the laws, administrative regulations, requirements of the CSRC and the Stock Exchange, fully explain the impact, and actively cooperate with the enforcement of the judgement or ruling after it has come into effect. Where corrections to prior events are involved, they shall be handled in a timely manner and the corresponding information disclosure obligations shall be fulfilled.

Original Articles	Amended articles	Basis of Amendments
CHAPTER V SPECIAL PROCEDURES FOR	–	Due to the abolishment of
VOTING BY CLASSES OF		relevant requirements such as the
SHAREHOLDERS		Notice on Implementation of the
		Mandatory Provisions of Articles
		of Association of Companies that
		List Overseas, amendment is
		made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 52 Shareholders holding different classes	–	Due to the abolishment of
of shares shall be shareholders of different		relevant requirements such as the
classes.		Notice on Implementation of the
		Mandatory Provisions of Articles
Shareholders of different classes shall enjoy the		of Association of Companies that
rights and assume the obligations in accordance		List Overseas, amendment is
with the laws, administrative regulations and the		made in accordance with the
Articles of Association.		relevant requirements of relevant
		laws, regulations and normative
Apart from holders of other classes of shares,		documents such as the currently
holders of domestic shares and overseas listed		effective Rules for General
foreign shares are deemed to be shareholders of		Meetings of Listed Companies of
different classes.		the CSRC, and taking into
		account the actual situation of
		the Company.

Article 53 The Company shall not proceed to – Due to the abolishment of change or abrogate the shareholders' rights of a relevant requirements such as the class of shares unless such proposed change or Notice on Implementation of the abrogation has been approved by way of a Mandatory Provisions of Articles special resolution at a general meeting and by a of Association of Companies that separate shareholder meeting convened by the List Overseas, amendment is shareholders of the class of shares so affected in made in accordance with the accordance with Articles 55 to 59. relevant requirements of relevant laws, regulations and normative documents such as the currently effective Rules for General Meetings of Listed Companies of the CSRC, and taking into account the actual situation of the Company. Article 54 The following circumstances shall be – Due to the abolishment of deemed as change or annulment of the rights of relevant requirements such as the a certain class shareholder: Notice on Implementation of the Mandatory Provisions of Articles (1) to increase or decrease the number of shares of Association of Companies that of such class, or to increase or decrease the List Overseas, amendment is number of shares of a class having voting rights, made in accordance with the distribution rights or other privileges equal or relevant requirements of relevant superior to those of the shares of such class; laws, regulations and normative documents such as the currently (2) to convert all or part of the shares of such effective Rules for General class into shares of another class, or to convert Meetings of Listed Companies of all or part of the shares of another class into the CSRC, and taking into shares of such class or the grant of the right to account the actual situation of such change; the Company. (3) to remove or reduce of rights to accrued dividends or cumulative dividends attached to shares of such class; (4) to reduce or cancel rights attached to the shares of the said class to preferentially receive dividends or to preferentially receive distributions of assets in a liquidation of the Company;	Original Articles	Amended articles	Basis of Amendments

Original Articles	Amended articles	Basis of Amendments
(5) to add, cancel or reduce share conversion
rights, options, voting rights, transfer rights,
pre-emptive placing rights, or rights to acquire
securities of the Company attached to the shares
of the said class;
(6) to cancel or reduce rights to receive payments
made by the Company in a particular currency
attached to the shares of the said class;
(7) to create a new class of shares with voting
rights, distribution rights or other privileges
equal or superior to those of the shares of the said
class;

(8) to restrict the transfer or ownership of the
shares of the said class or to impose additional
restrictions;
(9) to issue rights to subscribe for, or to convert
into, shares of the said class or another class;

(10) to increase the rights and privileges of the
shares of another class;

(11) to restructure the Company in such a way as
to cause shareholders of different classes to bear
liabilities disproportionately during the
restructuring;
(12) to amend or delete provisions in this
chapter.

Original Articles Amended articles Basis of Amendments
Article 55 Shareholders of the affected class, – Due to the abolishment	of
whether or not having the rights to vote at relevant requirements such as the
general meetings originally, shall have the right Notice on Implementation of the
to vote at shareholders class meetings in respect Mandatory Provisions of Articles
of matters referred to in subparagraphs (2) to (8) of Association of Companies that
and (11) to (12) in Article 54, except that List Overseas, amendment is
interested shareholders shall not vote at such made in accordance with the
shareholders class meetings. relevant requirements of relevant
laws, regulations and normative
The term "interested shareholders" in the documents such as the currently
preceding paragraph shall have the following effective Rules for General
meanings: Meetings of Listed Companies of
the CSRC, and taking	into
(1) in case of a buyback of shares by the account the actual situation of
Company by way of a general offer to all the Company.
shareholders in equal proportion or by way of
open market transactions on a stock exchange in
accordance with the Articles of Association, the
controlling shareholders as defined in the
Articles of Association shall be the "interested
shareholders";

(2) in case of a buyback of shares by the
Company by an over-the-counter agreement in
accordance with the Articles of Association,
holders of shares in relation to such agreement
shall be the "interested shareholders";

(3) in case of a proposed restructuring of the
Company, shareholders who assume a relatively
lower proportion of obligation than the
obligations imposed on the other shareholders of that class or who have an interest in the proposed
restructuring that is different from the general
interests in such proposed restructuring of the
other shareholders of that class shall be the
"interested shareholders".

Original Articles	Amended articles	Basis of Amendments
Article 56 Resolution of a shareholders class	–	Due to the abolishment of
meeting shall be passed only by two-thirds or		relevant requirements such as the
above of the total voting rights being held by the		Notice on Implementation of the
shareholders of that class, who are entitled to do		Mandatory Provisions of Articles
so, present and vote at the shareholders class		of Association of Companies that
meeting in accordance with Article 55.		List Overseas, amendment is
		made in accordance with the
		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 57 When the Company is to convene a	–	Due to the abolishment of
shareholders' class meeting, it shall issue a		relevant requirements such as the
written notice in accordance with Article 15,		Notice on Implementation of the
informing all the shareholders who are registered		Mandatory Provisions of Articles
as holders of that class in the register of		of Association of Companies that
shareholders of the matters to be considered at		List Overseas, amendment is
the meeting as well as the date and place of the		made in accordance with the
meeting.		relevant requirements of relevant
		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 58 Notice of the shareholders class	–	Due to the abolishment of
meeting shall be served only on the shareholders		relevant requirements such as the
entitled to vote thereat.		Notice on Implementation of the
		Mandatory Provisions of Articles
The shareholders class meeting shall be held		of Association of Companies that
according to the procedure, to the extent		List Overseas, amendment is
possible, as that applicable to a general meeting,		made in accordance with the
unless otherwise specified in the Articles of		relevant requirements of relevant
Association, the provisions of the Articles of		laws, regulations and normative
Association relevant to the procedure for the		documents such as the currently
holding of a general meeting shall be applicable		effective Rules for General
to a shareholders class meeting.		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 59 The special procedure for voting by	–	Due to the abolishment of
class shareholders shall not apply under the		relevant requirements such as the
following circumstances:		Notice on Implementation of the
		Mandatory Provisions of Articles
(1) with approval by a special resolution at a		of Association of Companies that
general meeting, the Company issues domestic		List Overseas, amendment is
shares and overseas listed foreign shares in a		made in accordance with the
period of 12 months, either separately or		relevant requirements of relevant
concurrently, and the respective numbers of		laws, regulations and normative
domestic shares and overseas listed foreign		documents such as the currently
shares proposed to be issued do not exceed 20%		effective Rules for General
of its respective numbers of each of the issued		Meetings of Listed Companies of
and outstanding domestic shares and overseas		the CSRC, and taking into
listed foreign shares;		account the actual situation of
		the Company.
(2) the Company completes the issue of domestic
shares and overseas listed foreign shares within
15 months from the date of approval pursuant to
the plan approved upon its establishment by the
securities regulatory authority of the State
Council;

(3) with approval of the securities regulatory
authority of the State Council, the holders of
domestic shares of the Company transfer their
shares to overseas investors and list and trade the
said shares on overseas stock exchanges.

Original Articles	Amended articles	Basis of Amendments
CHAPTER VI AGENDA OF GENERAL	CHAPTER V AGENDA AND RESOLUTIONS	Amendment is made in
MEETINGS	OF GENERAL MEETINGS	accordance with the relevant
		requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 60 Resolutions of an annual general	Article 48 Resolutions of an annual general	Amendment is made in
meeting and extraordinary general meeting shall	meeting and extraordinary general meeting shall	accordance with the relevant
be determined by the Board at a Board meeting	be determined by the Board at a Board meeting	requirements of relevant laws,
convened prior to the date of the general meeting	convened prior to the date of the general meeting	regulations and normative
and shall be notified to the shareholders of the	and shall be notified to the shareholders of the	documents such as the currently
Company in writing. The Board shall determine	Company in the form of an announcement. The	effective Rules for General
the subject of discussion based on the resolutions	Board shall determine the subject of discussion	Meetings of Listed Companies of
that shall be submitted to the general meeting for	based on the resolutions that shall be submitted	the CSRC, and taking into
consideration and approval in accordance with	to the general meeting for consideration and	account the actual situation of
the Articles of Association and these Rules and	approval in accordance with the Articles of	the Company.
the proposals submitted by shareholders in	Association and these Rules and the proposals
accordance with the laws.	submitted by shareholders in accordance with the
	laws.
Article 61 The Board of the Company shall act in	Article 49 The Board of the Company shall act in	Amendment is made in
the best interests of the Company and its	the best interests of the Company and its	accordance with the relevant
shareholders and shall examine the motions to	shareholders and shall examine the motions to	requirements of relevant laws,
the general meeting in accordance with the	the general meeting in accordance with the	regulations and normative
provisions of the Articles of Association.	provisions of the Articles of Association.	documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 62 Motion in respect of investment,	Article 50 Resolutions of the general meeting	Due to the abolishment of the
disposal of assets and acquisition and merger	include ordinary resolutions or special	Normative Opinions on General
shall fully state the details of the matter, include	resolutions.	Meetings of Listed Companies,
the amount involved, consideration (or the		amendment is made in
method of calculation), the book value of the	Ordinary resolution at a general meeting shall	accordance with the relevant
asset, the influence on the Company, the status of	be passed by one half or above of the voting	requirements of relevant laws,
approval, whether a related-party transaction is	rights held by shareholders (including their	regulations and normative
involved etc. If asset valuation, audit or the	proxies) attending the general meeting.	documents such as the currently
report to be issued by an independent financial		effective Guidelines for the
adviser are required pursuant to the relevant	Special resolution at a general meeting shall	Articles of Association of Listed
regulation, the Board shall publish the asset	be passed by two-thirds or above of the voting	Companies and the Rules for
valuation, audit results or the report issued by the	rights held by shareholders (including their	General Meetings of Listed
independent financial adviser at least 5 working	proxies) attending the general meeting.	Companies of the CSRC, and
days before the convention of a general meeting.		taking into account the actual
		situation of the Company.
Article 63 Where the Board raises any proposal	Article 51 The following matters shall be	Due to the abolishment of the
to change the use of proceeds, it shall state in the	passed by ordinary resolutions of the general	Normative Opinions on General
notice of general meeting the reason for the	meeting:	Meetings of Listed Companies,
change, an overview of the new project and the		amendment is made in
influence on the future of the Company.	(1) the work report of the Board;	accordance with the relevant
		requirements of relevant laws,
	(2) the profit distribution plan and plans for	regulations and normative
	making up losses drafted by the Board;	documents such as the currently
		effective Guidelines for the
	(3) the appointment or dismissal and the	Articles of Association of Listed
	remuneration of the members of the Board	Companies and the Rules for
	and the method of payment of the	General Meetings of Listed
	remuneration;	Companies of the CSRC, and
		taking into account the actual
	(4) matters other than those to be passed by a	situation of the Company.
	special resolution of the general meeting
	under relevant laws, administrative
	regulations and the Articles of Association.

Original Articles	Amended articles	Basis of Amendments
Article 64 Matters in relation to initial issuance	Article 52 The following matters shall be	Due to the abolishment of the
of shares, additional issuance of shares and	passed by special resolutions of the general	Normative Opinions on General
allotment of shares etc. that are required to be	meeting:	Meetings of Listed Companies,
submitted to the CSRC for approval shall be put		amendment is made in
as special motion.	(1) the increase or reduction of the registered	accordance with the relevant
	capital by the Company;	requirements of relevant laws,
		regulations and normative
	(2) the division, spin-off, merger, change in the	documents such as the currently
	form of the Company, dissolution or	effective Guidelines for the
	liquidation of the Company;	Articles of Association of Listed
		Companies and the Rules for
	(3) any amendment to the Articles of	General Meetings of Listed
	Association;	Companies of the CSRC, and
		taking into account the actual
	(4) the amount of purchase or sale by the	situation of the Company.
	Company within one year of material asset(s)
	or guarantee provided to other parties
	exceeding, alone or in aggregation, 30% of the
	audited total assets of the Company as at the
	most recent period;
	(5) any share incentive scheme; and
	(6) other matters which laws, administrative
	regulations or the Articles of Association
	require to be adopted by special resolution or
	which the general meeting considers will have
	a material impact on the Company and
	therefore require, by an ordinary resolution,
	to be adopted by special resolution.

Original Articles	Amended articles	Basis of Amendments
Article 65 Having considered and approved the	Article 53 Having considered and approved the	Due to the abolishment of the
annual report, the Board shall resolve on the	annual report, the Board shall resolve on the	Normative Opinions on General
profit distribution plan and submit it to the	profit distribution plan and submit it to the	Meetings of Listed Companies,
annual general meeting. When suggesting the	annual general meeting. When suggesting the	amendment is made in
transfer from the statutory surplus reserve fund	transfer from the statutory surplus reserve fund	accordance with the relevant
to share capital, the Board shall provide details	to share capital, the Board shall provide details	requirements of relevant laws,
of the reasons for such transfer and disclose them	of the reasons for such transfer and disclose them	regulations and normative
by way of announcement. When announcing the	by way of announcement. When announcing the	documents such as the currently
proposal of bonus issue or any such transfer, the	proposal of bonus issue or any such transfer, the	effective Guidelines for the
Board shall disclose the comparison of earnings	Board shall disclose the comparison of earnings	Articles of Association of Listed
per share and the net asset per share before and	per share and the net asset per share before and	Companies, the Rules for
after such bonus issue or transfer, and also the	after such bonus issue or transfer, and also the	General Meetings of Listed
effect on the future development of the Company	effect on the future development of the Company	Companies and the Listed
thereof.	thereof.	Company Regulatory Guideline
		No. 3 – Cash Dividends of Listed
	When the Company convenes an annual	Companies of the CSRC, and
	general meeting to review the annual profit	taking into account the actual
	distribution plan, it may deliberate and	situation of the Company.
	approve the conditions, maximum proportion
	and maximum amount for interim cash
	dividends in the following year. The upper
	limit of the interim dividends for the following
	year as deliberated at the annual general
	meeting shall not exceed the net profit
	attributable to shareholders of the listed
	company during the corresponding period.
	According to the resolution of the general
	meeting, the Board shall formulate a specific
	interim dividend proposal provided that the
	conditions for the profit distribution are met.

Original Articles	Amended articles	Basis of Amendments
Article 66 The appointment of accounting firm	Article 54 The appointment and dismissal of	Due to the abolishment of the
shall be proposed by the Board. In the event that	accounting firm by the Company shall be	Notice on Implementation of the
the Board proposes to dismiss or not to re	subject to the approval of general meetings.	Mandatory Provisions of Articles
appoint the accounting firm, prior notice shall be	The Board may not appoint accounting firm	of Association of Companies that
given to the accounting firm concerned and the	before the approval of the general meeting.	List Overseas and the Normative
Board shall explain the reasons thereof to the		Opinions on General Meetings of
general meeting. The relevant accounting firm	If the Company removes or no longer re	Listed Companies, amendment is
shall be entitled to give its opinion at the general	appoints the accounting firm, it shall notify	made in accordance with the
meeting.	such accounting firm thirty days in advance.	relevant requirements of relevant
	When shareholders vote for the removal of	laws, regulations and normative
In the event that the Board dismisses the	such accounting firm, such accounting firm	documents such as the currently
accounting firm due to proper reasons during the	shall be entitled to state its opinions at the	effective Guidelines for the
period when the general meeting is not in	general meeting.	Articles of Association of Listed
session, it may appoint other accounting firm as		Companies and the Rules for
a temporary replacement provided that such	Where the accounting firm resigns its office, it	General Meetings of Listed
appointment shall be ratified and approved at the	shall make clear to the general meeting	Companies of the CSRC, and
coming general meeting.	whether or not there are irregularities in the	taking into account the actual
	Company.	situation of the Company.
Where the accounting firm resigns its office, the
Board shall state the reasons for such resignation
at the coming general meeting. The resigned
accounting firm shall make clear to the general
meeting, either in writing or by sending a
representative to attend the general meeting,
whether or not there are irregularities in the
Company.

Original Articles	Amended articles	Basis of Amendments
Article 67 The list of candidates for non	Article 55 The list of candidates for non	Amendment is made in
employee representative Directors and non	employee representative Directors shall be	accordance with the relevant
employee representative Supervisors shall be	submitted as proposals for resolution at the	requirements of relevant laws,
submitted as proposals for resolution at the	general meeting. Employee representative	regulations and normative
general meeting. Employee representative	Directors shall be elected by the employees'	documents such as the currently
Directors and employee representative	representative meeting, the employees' general	effective Guidelines for the
Supervisors shall be elected by the employees'	meeting or other forms of democratic election,	Articles of Association of Listed
representative meeting.	without the need to be submitted to the	Companies and Rules for
	general meeting for consideration.	General Meetings of Listed
Candidates for non-employee representative		Companies of the CSRC, and
Directors and non-employee representative	Candidates for non-employee representative	taking into account the actual
Supervisors shall be nominated by the current	Directors shall be nominated by the current	situation of the Company.
chairman of the Board and chairman of the	chairman of the Board, or by shareholders
Supervisory Committee, or by shareholders	individually or collectively holding 1% or
collectively holding 3% or more of the total	more of the outstanding voting shares of the
outstanding voting shares of the Company.	Company.

The proposer shall provide the Board and the	The proposer shall provide the Board with brief
Supervisory Committee with brief biographies,	biographies, background information and
background information and relevant supporting	relevant supporting materials of the candidates,
materials of the candidates, which shall be	which shall be reviewed by the Board for the
reviewed by the Board and the Supervisory	motion. Motions which comply with the laws and
Committee for the motion. Motions which	regulations and the Articles of Association shall

comply with the laws and regulations and the	be submitted to a general meeting for
Articles of Association shall be submitted to a	consideration. Motions which do not comply
general meeting for consideration. Motions	with the aforesaid requirement shall not be
which do not comply with the aforesaid	submitted to a general meeting for consideration,
requirement shall not be submitted to a general	but shall be explained at the general meeting.
meeting for consideration, but shall be explained
at the general meeting.	The Board shall provide shareholders with brief
	biographies and background information of the
The Board and the Supervisory Committee	candidates for Directors.
shall provide shareholders with brief biographies
and background information of the candidates for
Directors and Supervisors.

Original Articles	Amended articles	Basis of Amendments
CHAPTER VII REGISTRATION FOR	CHAPTER VI REGISTRATION FOR	Amendment is made in
SHAREHOLDERS ATTENDING GENERAL	SHAREHOLDERS ATTENDING GENERAL	accordance with the relevant
MEETINGS	MEETINGS	requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 68 Shareholders who intend to attend the	Article 56 Shareholders who intend to attend the	Amendment is made in
general meeting shall register at the date and	general meeting shall register at the date and	accordance with the relevant
place specified in the notice.	place specified in the notice.	requirements of relevant laws,
		regulations and normative
An individual shareholder that attends the	An individual shareholder that attends the	documents such as the currently
meeting in person shall produce his or her own	meeting in person shall produce his or her own	effective Guidelines for the
ID card or other valid documents or proof	ID card or other valid documents or proof	Articles of Association of Listed
evidencing his or her identity and his or her	evidencing his or her identity. If he or she	Companies of the CSRC, and
stock account card. If he or she appoints a	appoints a proxy to attend the meeting on his or	taking into account the actual
proxy to attend the meeting on his or her behalf,	her behalf, the proxy shall produce his or her	situation of the Company.
the proxy shall produce his or her own valid	own valid proof of identity and the instrument of
proof of identity and the instrument of	appointment from the shareholder.
appointment from the shareholder.
	Shareholders that are legal persons shall be
Shareholders that are legal persons shall be	presented at a meeting by their legal
presented at a meeting by their legal	representative or a proxy appointed by the legal
representative or a proxy appointed by the legal	representative. If the legal representative attends
representative. If the legal representative attends	the meeting, he or she shall produce his or her
the meeting, he or she shall produce his or her	own ID card and valid proof of his or her legal
own ID card and valid proof of his or her legal	representative status. If a proxy has been
representative status. If a proxy has been	appointed to attend the meeting, such proxy shall
appointed to attend the meeting, such proxy shall	present his or her own ID card and the power of
present his or her own ID card and the power of	attorney issued by the legal representative of the
attorney issued by the legal representative of the	shareholder as a legal person.
shareholder as a legal person.

Original Articles	Amended articles	Basis of Amendments
Where the shareholder is a Recognized Clearing	Where the shareholder is a Recognized Clearing
House defined in local laws or regulations at the	House defined in local laws or regulations at the
place where the shares of the Company are listed	place where the shares of the Company are listed
(hereinafter referred to as the "Recognized	(hereinafter referred to as the "Recognized
Clearing House"), or its agent, or a Depositary or	Clearing House"), or its agent, or a Depositary or
its agent, the shareholder may authorize one or	its agent, the shareholder may authorize one or
more persons that it deems suitable to attend on	more persons that it deems suitable to attend on
its behalf any general meeting or any class	its behalf any general meeting; however, if more
meeting of shareholders; however, if more than	than one person is authorized, the power of
one person is authorized, the power of attorney	attorney shall specify the number and class of
shall specify the number and class of shares	shares involved in the appointment of each such
involved in the appointment of each such person	person and be signed by a person empowered by
and be signed by a person empowered by the	the Recognized Clearing House or the
Recognized Clearing House or the Depositary.	Depositary. The person so appointed may
The person so appointed may exercise the rights	exercise the rights (without being required to
(without being required to present share	present share certificate, certified statement of
certificate, certified statement of proxy and/or	proxy and/or further evidence of due
further evidence of due authorization) of the	authorization) of the Recognized Clearing House
Recognized Clearing House (or its agent) or the	(or its agent) or the Depositary (or its agent) as if
Depositary (or its agent) as if he, she or they was	he, she or they was or were (an) individual
or were (an) individual shareholder(s) of the	shareholder(s) of the Company.
Company.
	The attendees of the meeting shall present the
The attendees of the meeting shall present the	original of the certificates required in the
original of the certificates required in the	foregoing provisions to the registration office of
foregoing provisions to the registration office of	the general meeting, and submit the original or
the meeting, and submit the original or	photocopy of the certificates required in the
photocopy of the certificates required in the	foregoing provisions to the registrar of the
foregoing provisions to the registrar of the meeting.	general meeting.
	Overseas shareholders may register by letter or
Overseas shareholders may register by letter or	facsimile, which shall contain the above
facsimile, which shall contain the above	documents.
documents.

Original Articles	Amended articles	Basis of Amendments
Article 69 The instrument of appointment by	Article 57 The instrument of appointment by	Amendment is made in
which a shareholder appoints another person to	which a shareholder appoints another person to	accordance with the relevant
attend the general meeting on his or her behalf	attend the general meeting on his or her behalf	requirements of relevant laws,
shall include:	shall include:	regulations and normative
		documents such as the currently
(1) the name of the proxy;	(1) name of the principal, class and number of	effective Guidelines for the
	shares of the Company held;	Articles of Association of Listed
(2) whether the proxy has voting rights;		Companies of the CSRC, and
	(2) name of the proxy;	taking into account the actual
(3) separate instructions as to whether to vote for		situation of the Company.
"for" or "against" or "abstained" from voting on,	(3) specific instructions from shareholders,
each item on the agenda of the general meeting	including instructions as to whether to vote for,
as an item for consideration thereat;	against, or abstain from voting on, each item on
	the agenda of the general meeting as an item for
(4) whether there are voting rights on the	consideration thereat, and other related
temporary motions to be included in the agenda	instructions;
of the general meeting, and if so, specific
instructions on how to exercise such voting	(4) the date of issuance and term of validity of
rights;	the instrument of appointment; and

(5) the date of issuance and terms of validity of	(5) the signature (or seal) of the principal. If the
the instrument of appointment; and	principal is a corporate shareholder, the seal of
	the corporate shall be affixed.
(6) the signature (or seal) of the principal. If the
principal is a corporate shareholder, the seal of
the corporate shall be affixed.
Article 70 The power of attorney that the	–	Due to the abolishment of
Board gives to a shareholder shall allow the		relevant requirements such as the
shareholder to freely direct his or her proxy to		Notice on Implementation of the
vote "for" or "against" or "abstained", and to		Mandatory Provisions of Articles
give separate instruction with respect to the		of Association of Companies that
voting for each item on the agenda. The power		List Overseas, amendment is
of attorney shall note that where no direction		made in accordance with the
from the shareholder is available, the proxy may		relevant requirements of relevant
vote at his or her own discretion.		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 71 The proxy form for voting shall be	Article 58 Where such a proxy form for voting is	Amendment is made in
placed at the domicile of the company or such	signed by a person authorized by the principal,	accordance with the relevant
other place as specified in the notice of	the power of attorney for authorized signature or	requirements of relevant laws,
meeting at least twenty-four hours prior to the	other authorization documents shall be notarized.	regulations and normative
meeting at which the proxy is entrusted to vote	The power of attorney or other authorization	documents such as the currently
or twenty-four hours before the scheduled	documents upon notarized shall, together with	effective Guidelines for the
voting time. Where such a proxy form for voting	the proxy form for voting, be placed at the	Articles of Association of Listed
is signed by a person authorized by the principal,	Company's domicile or such other location as	Companies of the CSRC, and
the power of attorney for authorized signature or	specified in the notice of the meeting.	taking into account the actual
other authorization documents shall be notarized.		situation of the Company.
The power of attorney or other authorization
documents upon notarized shall, together with
the proxy form for voting, be placed at the
Company's domicile or such other location as
specified in the notice of the meeting.

Where the principal is a legal person, its legal
representative or a person authorized by the
Board or other decision-making bodies shall
attend the general meeting of the Company.
Article 72 Notwithstanding the previous death or	–	Due to the abolishment of
loss of capacity of the principal or revocation of		relevant requirements such as the
the proxy or of the authority under which the		Notice on Implementation of the
proxy was executed or the transfer of the relevant		Mandatory Provisions of Articles
shares, the vote of the proxy pursuant to the		of Association of Companies that
power of attorney shall remain valid as long as		List Overseas, amendment is
the Company does not receive written notice		made in accordance with the
thereof prior to the date of the meeting to be		relevant requirements of relevant
held.		laws, regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 75 The signature book of persons	Article 61 The signature book of persons	Amendment is made in
attending the meeting in person shall be made by	attending the meeting in person shall be made by	accordance with the relevant
the Company. The register shall specify the	the Company. The register shall specify the	requirements of relevant laws,
attendants' names (or the name of his or her	attendants' names (or the name of his or her	regulations and normative
entity), ID numbers, home addresses, number of	entity), ID numbers, number of voting shares	documents such as the currently
voting shares held or represented, and the names	held or represented, and the names of the	effective Guidelines for the
of the proxies' principals (or the names of the	proxies' principals (or the names of the	Articles of Association of Listed
principals' entities), if any.	principals' entities), if any.	Companies of the CSRC, and
		taking into account the actual
		situation of the Company.
Article 76 Registered shareholders shall present	Article 62 Registered shareholders shall present	Amendment is made in
their identity documents and sign on the	their identity documents and sign on the	accordance with the relevant
attendance register.	attendance register.	requirements of relevant laws,
		regulations and normative
Unregistered shareholders shall not attend the	Unregistered shareholders shall not attend the	documents such as the currently
general meeting in principle. With special	general meeting in principle. With special	effective Rules for General
approval from the chairman of the meeting, the	approval from the chairman of the general	Meetings of Listed Companies of
unregistered shareholders shall submit the	meeting, the unregistered shareholders shall	the CSRC, and taking into
documents stipulated in Chapter VII of these	submit the documents stipulated in Chapter VI	account the actual situation of
Rules. Upon review of compliance with the	of these Rules. Upon review of compliance with	the Company.
conditions specified in the meeting notice, such	the conditions specified in the general meeting
shareholders may attend the general meeting	notice, such shareholders may attend the general
after signing the attendance register.	meeting after signing the attendance register.
CHAPTER IX DISCIPLINES OF GENERAL	CHAPTER VIII DISCIPLINES OF	Amendment is made in
MEETINGS	GENERAL MEETINGS	accordance with the relevant
		requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 78 Shareholders of the Company, or their	Article 64 Shareholders of the Company, or their	Amendment is made in
authorized proxies, Directors, Supervisors, the	authorized proxies, Directors, the secretary to	accordance with the relevant
secretary to the Board, senior management	the Board, senior management officers, retained	requirements of relevant laws,
officers, retained attorneys, notaries, as well as	attorneys, notaries, as well as guests and	regulations and normative
guests and reporters invited by the Board or	reporters invited by the Board or proposing	documents such as the currently
proposing shareholders, provided that they have	shareholders, provided that they have completed	effective Rules for General
completed the registration process, may attend	the registration process, may attend the general	Meetings of Listed Companies of
the general meeting. Admission of any other	meeting. Admission of any other person is not	the CSRC, and taking into
person is not allowed.	allowed.	account the actual situation of
		the Company.
Article 80 When reviewing a proposal, only	Article 66 When reviewing a proposal, only	Amendment is made in
shareholders or proxies have the right to speak.	shareholders or proxies have the right to	accordance with the relevant
Other participants shall not ask questions and	speak. Other participants shall not ask	requirements of currently
speak. The speaking shareholders shall raise their	questions and speak. Speeches and questions	effective relevant laws,
hands first. At the permission of the moderator,	from shareholders or proxies shall be	regulations and normative
they may speak at the spot or at the designated	answered by the moderator or by Directors,	documents, and taking into
speaker's seat.	senior management officers, or other relevant	account the actual situation of
	personnel arranged by the moderator.	the Company.
When a number of shareholders raise their hands
to speak, the moderator will designate the
speaker.

The moderator stipulates the time and the
frequency each person speaks according to the
actual circumstances. Shareholders must not be
interrupted in the middle of the prescribed
speech, in order for them to enjoy a full right to
speak.

The moderator of the meeting may refuse or stop
the speech of a shareholder in violation of the
provisions of the preceding three paragraphs.

The directors, supervisors, and senior
management officers of the Company and those
approved by the moderator of the meeting may
make speeches.

Original Articles	Amended articles	Basis of Amendments
Article 81 Shareholders or proxies who wish to	–	Amendment is made in
speak shall first introduce their shareholder		accordance with the relevant
identity, the entity they represent, and the		requirements of currently
number of Shares held, before expressing their		effective relevant laws,
views.		regulations and normative
		documents, and taking into
		account the actual situation of
		the Company, with articles
		combined.
Article 82 The Company shall hold the general	Article 67 The Company shall hold the general	Amendment is made in
meeting in a frugal and simple manner, and shall	meeting in a frugal and simple manner, and shall	accordance with the relevant
not grant additional economic benefits to	not grant additional economic benefits to	requirements of relevant laws,
shareholders (or proxies) attending the meeting.	shareholders (or proxies) attending the meeting.	regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 83 The Board of the Company shall take	–	Amendment is made in
measures to ensure the normal order of the		accordance with the relevant
general meeting. Those that disrupt the order of		requirements of relevant laws,
the general meeting, seek to cause trouble or		regulations and normative
infringe upon the lawful rights and interests of		documents such as the currently
other shareholders shall be reported to the public		effective Rules for General
security authorities and handled in accordance		Meetings of Listed Companies of
with relevant laws and regulations; if the		the CSRC, and taking into
circumstances are serious and constitute a crime,		account the actual situation of
criminal liability shall be prosecuted according		the Company, with articles
to law.		combined.
Article 85 After the voting results of all	Article 69 After the voting results of all	Amendment is made in
proposals at the general meeting have been	proposals at the general meeting have been	accordance with the relevant
announced by the chairman and no objection has	announced by the chairman and no objection has	requirements of relevant laws,
been raised by shareholders, the chairman shall	been raised by shareholders, the chairman shall	regulations and normative
declare the meeting concluded.	declare the meeting concluded.	documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into account the actual situation of

		the Company.

Original Articles	Amended articles	Basis of Amendments
CHAPTER XI IMPLEMENTATION OF	CHAPTER X IMPLEMENTATION OF	Amendment is made in
RESOLUTIONS OF GENERAL MEETINGS	RESOLUTIONS OF GENERAL MEETINGS	accordance with the relevant
AND INFORMATION DISCLOSURE	AND INFORMATION DISCLOSURE	requirements of relevant laws,
		regulations and normative
		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 86 Upon convening of the general	Article 70 Upon convening of the general	Amendment is made in
meeting, information disclosures shall be made	meeting, information disclosures shall be made	accordance with the relevant
in accordance with the Articles of Association, as	in accordance with the Articles of Association, as	requirements of relevant laws,
well as the relevant national laws and	well as the relevant national laws and	regulations and normative
administrative regulations. Details of such	administrative regulations. Details of such	documents such as the currently
disclosure shall be reviewed by the chairman of	disclosure shall be reviewed by the chairman of	effective Rules for General
the Board in accordance with relevant laws and	the Board in accordance with relevant laws and	Meetings of Listed Companies of
regulations, and the secretary to the Board shall	regulations, and the secretary to the Board shall	the CSRC, and taking into
then make the disclosure according to law.	then make the disclosure according to law.	account the actual situation of
		the Company.
Article 87 The announcement of resolutions	–	Amendment is made in
passed at a general meeting shall state the		accordance with the relevant
number of shareholders (and proxies) present at		requirements of relevant laws,
the meeting, total shares held (represented) and		regulations and normative
as a percentage of the total shares carrying voting		documents such as the currently
rights of the Company, manner of voting, the		effective Rules for General
voting result for each proposal and the opinion of		Meetings of Listed Companies of
retained attorneys. The resolutions for		the CSRC, and taking into
shareholders' proposals shall state the name or		account the actual situation of
title of the proposing shareholder, shareholding		the Company, with articles
percentage and content of the proposal.		combined.
Article 88 Should any proposed resolution not be passed, or any resolution previously passed is	–	Amendment is made in accordance with the relevant
amended in the current general meeting, the		requirements of relevant laws,
Board shall provide an explanation in the		regulations and normative
announcement of resolutions.		documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company, with articles
		combined.

Original Articles	Amended articles	Basis of Amendments
Article 89 The Board is responsible for the	Article 71 The Board is responsible for the	Amendment is made in
implementation of the resolutions passed at the	implementation of the resolutions passed at the	accordance with the relevant
general meeting and for requiring the Chief	general meeting and for requiring the Chief	requirements of relevant laws,
Executive Officer to organize relevant staff to	Executive Officer to organize relevant staff to	regulations and normative
implement the resolutions in detail; Matters	implement the resolutions in detail.	documents such as the currently
that are required by general meeting		effective Rules for General
resolutions to be implemented by the		Meetings of Listed Companies of
Supervisory Committee shall be organized		the CSRC, and taking into
and implemented by the Supervisory		account the actual situation of
Committee directly.		the Company.
Article 90 After the profit distribution plans and	–	Amendment is made in
the plan to convert its common reserve fund into		accordance with the relevant
its capital are approved at the general meeting of		requirements of relevant laws,
the Company, the Board of the Company shall		regulations and normative
complete the distribution of dividends (or shares)		documents such as the currently
or capital increase within 2 months after the date		effective Rules for General
of the general meeting.		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company, with articles
		combined.
Article 91 The chairman of the Board shall	Article 72 The chairman of the Board shall	Amendment is made in
supervise the implementation of resolutions	supervise the implementation of resolutions	accordance with the relevant
passed at the general meeting (exclusive those	passed at the general meeting, and convene	requirements of relevant laws,
should be implemented by the Supervisory	extraordinary Board meeting to hear and review	regulations and normative
Committee), and convene extraordinary Board	the report on implementation of such resolutions	documents such as the currently
meeting to hear and review the report on	when necessary.	effective Rules for General
implementation of such resolutions when		Meetings of Listed Companies of
necessary.		the CSRC, and taking into
		account the actual situation of
		the Company.

Original Articles	Amended articles	Basis of Amendments
Article 92 For any item not provided under these	Article 73 For any item not provided under these	Amendment is made in
Rules, the relevant provisions of the Articles of	Rules, the relevant provisions of the Articles of	accordance with the relevant
Association shall be applicable for its execution	Association shall be applicable for its execution	requirements of relevant laws,
with reference to the Rules for General Meetings	with reference to the Corporate Governance	regulations and normative
of Listed Companies, the Code of Corporate	Rules for Securities Companies, the Code of	documents such as the currently
Governance for Listed Companies, the Corporate	Corporate Governance for Listed Companies,	effective Rules for General
Governance Rules for Securities Companies and	the Rules for General Meetings of Listed	Meetings of Listed Companies of
the Hong Kong Listing Rules.	Companies, the Hong Kong Listing Rules etc.	the CSRC, and taking into
		account the actual situation of
Where these Rules are inconsistent with the	Where these Rules are inconsistent with the	the Company.
Articles of Association, the Articles of	Articles of Association, the Articles of
Association shall prevail.	Association shall prevail.
Article 93 The Board, in accordance with the	Article 74 The Board, in accordance with the	Amendment is made in
requirements of relevant laws and regulations,	requirements of relevant laws and regulations,	accordance with the relevant
and in light of the actual situation of the	and in light of the actual situation of the	requirements of relevant laws,
Company, makes amendments to these Rules and	Company, makes amendments to these Rules and	regulations and normative
submits them for approval at a general meeting.	submits them for approval at a general meeting.	documents such as the currently
		effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.
Article 94 These Rules shall become effective	Article 75 These Rules shall become effective	Amendment is made in
upon approval at the general meeting of the	upon approval at the general meeting of the	accordance with the relevant
Company. The original Rules of Procedure for	Company. The original Rules of Procedure for	requirements of relevant laws,
General Meeting of the Company shall	General Meeting of the Company shall	regulations and normative
automatically lapse from the effective date of	automatically lapse from the effective date of	documents such as the currently
these Rules.	these Rules.	effective Rules for General
		Meetings of Listed Companies of
		the CSRC, and taking into
		account the actual situation of
		the Company.

II. The serial number of articles and sections in the Rules of Procedure for General Meeting of the Company shall be adjusted in accordance with the above amendments to the Rules of Procedure for General Meeting of the Company.

Original articles	Amended articles	Basis of amendment
Article 1 Objectives	Article 1 Objectives	Amendment is made in
In order to further regulate the rules of procedure	In order to further regulate the rules of procedure	accordance with the relevant requirements of currently
and decision-making processes of the Board of	and decision-making processes of the Board of	effective laws, regulations and
the Company, procure the Directors and the	the Company, procure the Directors and the	normative documents.
Board to effectively perform their duties, and	Board to effectively perform their duties, and
improve the standardized operation and	improve the standardized operation and
scientific decision-making of the Board, these	scientific decision-making of the Board, these
rules are formulated in accordance with the	rules are formulated in accordance with the
Company Law, the Securities Law, the Corporate	Company Law, the Securities Law, the Corporate
Governance Rules for Securities Companies, the	Governance Rules for Securities Companies, the
Code of Corporate Governance for Listed	Code of Corporate Governance for Listed
Companies, the Rules Governing the Listing of	Companies, the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong	Stocks on the Shanghai Stock Exchange, the
Limited, the Rules Governing the Listing of	Rules Governing the Listing of Securities on
Stocks on the Shanghai Stock Exchange and	The Stock Exchange of Hong Kong Limited
other relevant provisions.	and other relevant provisions.
Article 5 Ad hoc meetings	Article 5 Ad hoc meetings	Amendment is made in
		accordance with the relevant
In any of the following circumstances, the board	In any of the following circumstances, the board	requirements of relevant laws,
of directors shall convene an ad hoc meeting:	of directors shall convene an ad hoc meeting:	regulations and normative
		documents such as the currently
(1) Shareholders who represent more than one	(1) Shareholders who represent more than one	effective Measures for the
tenth of the voting rights make a proposal;	tenth of the voting rights make a proposal;	Administration of Independent
		Directors of Listed Companies
(2) Over one third of the directors jointly make a	(2) Over one third of the directors jointly make a	and the Guidelines for the
proposal;	proposal;	Articles of Association of
		Listed Companies of the CSRC,
(3) The board of supervisors makes a proposal;	(3) The Audit Committee makes a proposal;	and taking into account the
		actual situation of the
(4) The Chairman considers it is necessary;	(4) The Chairman considers it is necessary;	Company.

(5) Over one-half of the independent directors	(5) A majority of all independent directors
make a proposal;	make a proposal;

(6) The CEO makes a proposal;	(6) The CEO makes a proposal;

(7) The securities regulatory department requests	(7) The securities regulatory department requests
a meeting;	a meeting;

(8) Other circumstances as stipulated in the	(8) Other circumstances as stipulated in the
Company's Articles of Association.	Company's Articles of Association.

Original articles	Amended articles	Basis of amendment
The Director who appoints other Directors to	The appointed Director shall submit the power of
sign the written confirmation opinions for	attorney in writing to the chairman of the
regular reports on his/her behalf shall make a	meeting and explain the attendance on behalf of
special authorization in the power of attorney.	others on the attendance list of the meeting.

The appointed Director shall submit the power of
attorney in writing to the chairman of the
meeting and explain the attendance on behalf of
others on the attendance list of the meeting.
Article 15 Consideration procedures for the	Article 15 Consideration procedures for the	Amendment is made in
meeting	meeting	accordance with the relevant
		requirements of relevant laws,
The chairman of the meeting shall request the	The chairman of the meeting shall request the	regulations and normative
Directors present at the Board meeting to give	Directors present at the Board meeting to give	documents such as the currently
clear opinions for all proposals.	clear opinions for all proposals.	effective Measures for the
		Administration of Independent
For proposals that require prior consent from	The chairman of the meeting shall timely stop	Directors of Listed Companies
independent Directors according to	any Director who impedes the normal progress	of the CSRC, and taking into
regulations, the chairman of the meeting shall	of the meeting or affects other Directors'	account the actual situation of
designate an independent Director to read	speeches.	the Company.
aloud the written opinion of consent provided
by the independent Directors before	Except for the unanimous consent of all the
discussing the relevant proposal.	Directors present at the meeting, any proposal
	not set out in the meeting notice shall not be
The chairman of the meeting shall timely stop	voted at the Board meeting. Directors who
any Director who impedes the normal progress	accept other Directors' appointments to attend
of the meeting or affects other Directors'	the Board meeting on their behalf shall not vote
speeches.	on the proposals not set out in the meeting notice
	on behalf of other Directors.
Except for the unanimous consent of all the
Directors present at the meeting, any proposal
not set out in the meeting notice shall not be
voted at the Board meeting. Directors who
accept other Directors' appointments to attend
the Board meeting on their behalf shall not vote
on the proposals not set out in the meeting notice
on behalf of other Directors.

Original articles	Amended articles	Basis of amendment
Article 17 Voting at the meeting	Article 17 Voting at the meeting	Due to the abolishment of
		relevant requirements such as
The chairman of the meeting shall propose to the	The chairman of the meeting shall propose to the	the Notice on Implementation
Directors present at the meeting to vote after	Directors present at the meeting to vote after	of the Mandatory Provisions of
thorough discussion of every proposal, where	thorough discussion of every proposal, where	Articles of Association of
appropriate.	appropriate.	Companies that List Overseas,
		amendment is made in
Each Director has one vote at the meeting, and	Each Director has one vote at the meeting, and	accordance with the relevant
the voting shall be conducted by means of open	the voting shall be conducted by means of open	requirements of relevant laws,
ballot and in writing.	ballot and in writing.	regulations and normative
		documents such as the currently
If the votes for and against a resolution are the	The Directors' voting intent includes voting in	effective Guidelines for the
same, the Chairman shall be entitled to an	favor of, against or abstaining. The Directors	Articles of Association of
additional vote.	present at the meeting shall select one from the	Listed Companies of the CSRC,
	intents above and the chairman of the meeting	and taking into account the
The Directors' voting intent includes voting in	shall ask those who fail to select or	actual situation of the
favor of, against or abstaining. The Directors	simultaneously select two or more intents to	Company.
present at the meeting shall select one from the	re-select and those who refuse to select shall be
intents above and the chairman of the meeting	deemed as abstaining; those who leaves the
shall ask those who fail to select or	meeting before making any selection and does
simultaneously select two or more intents to	not return to the meeting shall be deemed as
re-select and those who refuse to select shall be	abstaining.
deemed as abstaining; those who leaves the meeting before making any selection and does
not return to the meeting shall be deemed as
abstaining.
Article 18 Calculation of voting results	Article 18 Calculation of voting results	Amendment is made in
		accordance with the relevant
After the voting of the Directors present at the	After the voting of the Directors present at the	requirements of relevant laws,
meeting, the securities representative and	meeting, the securities representative and	regulations and normative
relevant personnel of the office of the Board	relevant personnel of the office of the Board	documents such as the currently
shall timely collect the Directors' votes, and pass	shall timely collect the Directors' votes, and pass	effective Guidelines for the
them to the secretary to the Board for calculation	them to the secretary to the Board for calculation	Articles of Association of
under the supervision of a Supervisor or an	under the supervision of an independent	Listed Companies of the CSRC,
independent Director.	Director.	and taking into account the
		actual situation of the
		Company.

Original articles	Amended articles	Basis of amendment
If the meeting is convened on site, the chairman of the meeting shall announce the voting results forthwith. In other cases, the chairman of the meeting shall require the secretary to the Board	If the meeting is convened on site, the chairman of the meeting shall announce the voting results forthwith. In other cases, the chairman of the meeting shall require the secretary to the Board
to notify the Directors of the voting results before the next business day after conclusion of	to notify the Directors of the voting results before the next business day after conclusion of
the specified voting time.	the specified voting time.
If the Directors vote after the chairman of the meeting announces the voting results or after conclusion of the specified voting time, their votes shall not be counted.	If the Directors vote after the chairman of the meeting announces the voting results or after conclusion of the specified voting time, their votes shall not be counted.
Article 20 Abstention from voting	Article 20 Abstention from voting	Amendment is made in accordance with the relevant
The Directors shall abstain from voting on relevant proposals in any of the following circumstances:	The Directors shall abstain from voting on relevant proposals in any of the following circumstances:	requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the
(1) where the Directors shall abstain from voting as required by the listing rules of the place where the Company's shares are listed;	(1) where the Directors shall abstain from voting as required by the listing rules of the place where the Company's shares are listed;	Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the
(2) where the Director himself/herself considers he/she should abstain from voting;	(2) where the Director himself/herself considers he/she should abstain from voting;	Company.
(3) other circumstances in which any Director is associated with the enterprises that are involved in proposals of the meeting as required by the Articles of Association of the Company.	(3) other circumstances in which any Director is associated with the enterprises or individuals that are involved in resolutions of the meeting as required by the Articles of Association of the Company.
In case the Directors abstain from voting, relevant Board meeting may be convened with attendance of more than half of non-connected Directors, and resolutions shall be passed by more than half of non-connected Directors. If the number of non-connected Directors attending the meeting is less than three, relevant proposals shall not be voted, and such matters shall be submitted to the general meeting for consideration.	In case the Directors abstain from voting, relevant Board meeting may be convened with attendance of more than half of non-connected Directors, and resolutions shall be passed by more than half of non-connected Directors. If the number of non-connected Directors attending the meeting is less than three, relevant proposals shall not be voted, and such matters shall be submitted to the general meeting for consideration.

Original articles	Amended articles	Basis of amendment
Article 21 No ultra vires	Article 21 No ultra vires	Amendment is made in
The Board shall act in strict accordance with the authorization of the general meeting and the Articles of Association of the Company and shall not act ultra vires in passing resolutions.	The Board shall act in strict accordance with the authorization of the general meeting and the Articles of Association of the Company and shall not act ultra vires in passing resolutions.	accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Guidelines for the Articles of Association of Listed Companies of the CSRC, and taking into account the actual situation of the
		Company.
Article 28 Signature of the Directors The Directors present at the meeting shall sign on the minutes and resolution records for confirmation of themselves and other Directors who appoint them to attend the meeting on their behalf. The Director may make written comments for this signature in case of any different opinions on the minutes or resolution records. When necessary, the Directors shall report to the regulatory authorities in a timely manner and may also make public statements. Any Director who neither signs for confirmation	Article 28 Signature of the Directors The Directors present at the meeting shall sign on the minutes and resolution records for confirmation of themselves and other Directors who appoint them to attend the meeting on their behalf. The Director may make written comments for this signature in case of any different opinions on the minutes or resolution records. When necessary, the Directors shall report to the regulatory authorities in a timely manner and may also make public statements. Any Director who neither signs for confirmation	Amendment is made in accordance with the relevant requirements of relevant laws, regulations and normative documents such as the currently effective Company Law of the People's Republic of China, and taking into account the actual situation of the Company.
in accordance with the previous articles nor makes written comments for his/her different opinions or reports to the regulatory authorities and makes public statements shall be deemed to fully agree to the content of the minutes and the resolution records. The directors shall be responsible for the resolutions passed at Board meetings. If any resolution made by the Board is in violation of the laws, administrative regulations or the Articles of Association and causes any substantial losses to the Company, directors who vote for the said resolution shall be liable for compensation to the Company. If any director raises an objection to the resolution and the said objection is recorded in the minutes, the said director may be exempt from any liability.	in accordance with the previous articles nor makes written comments for his/her different opinions or reports to the regulatory authorities and makes public statements shall be deemed to fully agree to the content of the minutes and the resolution records. The directors shall be responsible for the resolutions passed at Board meetings. If any resolution made by the Board is in violation of the laws, administrative regulations, the Articles of Association or resolutions of the general meetings and causes any substantial losses to the Company, directors who vote for the said resolution shall be liable for compensation to the Company. If any director raises an objection to the resolution and the said objection is recorded in the minutes, the said director may be exempt from any liability.

Original articles	Amended articles	Basis of amendment
Article 32 Miscellaneous	Article 32 Miscellaneous	Amendment is made in
		accordance with the relevant
The term of "or above" as stated in these rules	The term of "or above" as stated in these rules	requirements of relevant laws,
shall include the number or amount itself.	shall include the number or amount itself.	regulations and normative
		documents such as the currently
These rules shall become effective upon	These rules shall become effective upon	effective Guidelines for the
approval from the general meeting and on the	approval from the general meeting. The	Articles of Association of
date on which the overseas listed foreign shares	original Rules of Procedures of the Board	Listed Companies of the CSRC,
(H shares) issued by the Company are listed on	Meetings of the Company shall become null	and taking into account the
the Stock Exchange of Hong Kong Limited. The	and void on the date these rules enter into	actual situation of the
original Rules of Procedures of the Board	effect.	Company.
Meetings of the Company shall become null and
void on the date these rules enter into effect.	The Board shall be responsible for the
	interpretation of these rules.
The Board shall be responsible for the
interpretation of these rules.

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10502_egm_2025-09-26_1bcf9c5a-01ea-4315-8e5f-6dc4aba1141f.pdf

NOTICE OF THE 2025 FIRST EXTRAORDINARY GENERAL MEETING