Notice on matters related to investor education and appropriateness management in science and technology innovation board

Members:

In order to standardize the education and appropriateness management of investors in science and technology innovation board of Shanghai Stock Exchange (hereinafter referred to as the Exchange) and protect the legitimate rights and interests of investors, according to the Special Provisions of Shanghai Stock Exchange on science and technology innovation board Stock Trading (hereinafter referred to as the Special Provisions on Trading) and the Measures for the Appropriateness Management of Investors of Shanghai Stock Exchange, Matters related to investor education and appropriateness management in science and technology innovation board are hereby notified as follows:

1. Members shall, in strict accordance with the relevant provisions of the Special Provisions on Trading, formulate relevant work systems for the appropriateness management of stock investors in science and technology innovation board, and conduct appropriate management of investors. Investors who participate in science and technology innovation board stock trading (including issuance and subscription) shall meet the requirements of appropriateness management stipulated by this Exchange, and members shall not accept investors who do not meet the requirements of investor appropriateness to participate in science and technology innovation board stock trading.

2. If a member opens the science and technology innovation board stock trading authority for an individual investor, the individual investor shall meet the following conditions:

(1) The daily average assets in the securities account and capital account in the 2 trading days before the opening of the application authority are not less than RMB 5, (excluding the funds and securities that the investor has integrated through margin trading);

(2) Having participated in securities trading for more than 24 months;

(3) other conditions stipulated by this Exchange.

institutional investors participating in science and technology innovation board stock trading shall comply with laws and regulations and the business rules of this Exchange.

this exchange may adjust the above conditions according to market conditions.

3. Before members open the science and technology innovation board stock trading authority for individual investors, they should check whether individual investors meet the investor suitability conditions. The specific identification criteria are as follows:

(1) Identification of assets in securities accounts and capital accounts:

1. Securities accounts that can be used to calculate the assets of individual investors should be those opened by China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as China Clearing) and individual investors in members. The accounts opened by China Clearing include A-share accounts, B-share accounts, closed-end fund accounts, open-end fund accounts, derivative contract accounts and other securities accounts established by China Clearing according to business needs.

fund accounts that can be used to calculate the assets of individual investors, including customer transaction settlement fund accounts and stock option margin accounts.

2. In the securities account opened by China Clearing, the assets that can be included in the assets of individual investors include: stocks (including A-shares, B-shares, preferred stocks, Hong Kong stocks bought through Hong Kong Stock Connect and stocks listed in the national share transfer system for small and medium-sized enterprises), Public Offering of Fund shares, bonds, asset-backed securities, asset management plan shares, stock option contracts (in which the rights warehouse contract increases assets according to the settlement price, and the obligation warehouse contract decreases assets according to the settlement price), and the principal.

3. In the accounts opened by members, the assets that can be included in the assets of individual investors include: Public Offering of Fund share, private equity fund share, bank wealth management products, precious metal assets, etc.

4. In the capital account, the assets that can be included in the assets of individual investors include: the transaction settlement funds in the customer's transaction settlement fund account, the transaction settlement funds in the stock option margin account (including the margin corresponding to the obligation warehouse), and other capital assets recognized by this Exchange.

5. when calculating the assets related to various financing businesses of individual investors, they should be calculated according to the net assets, excluding the securities and funds that have been incorporated.

investors shall abide by the requirements of real-name registration system on securities accounts, and shall not lend their own securities accounts or borrow other people's securities accounts.

(II) Identification of experience in securities trading:

Individual investors who participate in A-share trading, B-share trading and stock trading listed in the national share transfer system for small and medium-sized enterprises can be counted as their time in securities trading. The relevant trading experience starts from the first transaction of any securities account under the individual investor's one-code account in this exchange, Shenzhen Stock Exchange and the national share transfer system for small and medium-sized enterprises. The date of the first transaction can be inquired through the member's settlement in China.

this exchange may adjust the above accreditation standards according to market conditions.

iv. members shall make a comprehensive evaluation of the assets, investment experience, risk tolerance and integrity of individual investors, and inform individual investors of the evaluation results and appropriate matching opinions.

members shall record and keep the above evaluation results and information.

5. Members shall formulate the science and technology innovation board Stock Exchange Risk Disclosure Statement in accordance with the Essential Clauses of the science and technology innovation board Stock Exchange Risk Disclosure Statement to remind investors to pay attention to investment risks.

before opening the science and technology innovation board stock trading authority for investors, members shall require investors to sign the science and technology innovation board Stock Trading Risk Disclosure.

VI. Members shall formulate the company's investor education system in science and technology innovation board, organize branches and securities business departments to carry out investor education as a whole, and make specific arrangements for the form and content of investor education in science and technology innovation board according to the different characteristics and needs of investors.

Members shall, in accordance with the requirements of this Exchange, timely forward or push the relevant materials on investor education in science and technology innovation board provided by this Exchange.

VII. Members shall comprehensively and objectively introduce the laws, regulations, business rules and major trading risks involved in science and technology innovation board stock trading to investors through the company's official website, mobile APP, WeChat WeChat official account and other Internet platforms, entity and Internet investor education bases, investor gardens and bulletin boards in business premises, trading system clients and customer service centers, and remind them to pay attention to the information disclosed by listed companies in science and technology innovation board, and the trading system of science and technology innovation board stock in delisting arrangement and price limit.

VIII. Members shall be equipped with science and technology innovation board business training lecturers at their headquarters. After participating in the training organized by the Institute, the training lecturers undertake the responsibility of training the internal staff of the company and conduct business training for the staff of the company's headquarters and branches.

IX. Members shall publicize the complaint channels and handling procedures to investors through the company's official website, mobile APP, investor's garden in business premises, bulletin boards and other channels, properly handle disputes, and guide investors to safeguard their rights and interests according to law.

members should fully record the process of accepting, investigating and handling investor complaints, and form paper or electronic files. Members shall establish a continuous tracking mechanism for reporting and subsequent handling of major complaints or transaction disputes.

X. The Exchange can supervise and inspect the implementation of the relevant provisions on investor education and appropriateness management in science and technology innovation board by its members in on-site and off-site ways, and members should actively cooperate with them.

Xi. The Exchange may take corresponding regulatory measures or disciplinary actions against members who violate the relevant provisions on investor education and appropriateness management in science and technology innovation board in accordance with the Rules for the Management of Members of Shanghai Stock Exchange and the Measures for the Management of Investor Suitability in Shanghai Stock Exchange.

this is for your information.

Shanghai Stock Exchange

February 19th, 1919