Please refer to the answers below for further responses to the SFC's inquiries.

According to the records of the Securities and Futures Commission, Mr. Chen became the Type 1 licensed representative of Yuexiu Securities in April 2016, and became the Type 4 licensed representative of Yuexiu Securities in September 2016. During his tenure at Yuexiu Securities, Mr. Chen actively participated in regulatory activities related to the Type 1 license and was also a senior analyst in the research department of Yuexiu Securities as the Type 4 licensed representative, publishing industry and individual equity research reports related to the real estate and automobile industries.

In November 2020, he became the Type 1 licensed representative of Kaisa Financial Group and the Type 4 licensed representative of Kaisa Asset Management Company. He will become a Responsible Officer of the Type 1 license of Kaisa Financial Group in January 2023. During his tenure at Kaisa Asset Management Company, Mr. Chen, as the Type 4 licensed representative, actively led the team to write investment reports for the economic manager, mainly designing project investment analysis, IPO and pre-IPO project investment analysis reports. Furthermore, his main responsibilities include developing and maintaining relationships with high net-worth clients, assisting with fund administration and operational functions, supporting fund managers in daily fund operations (such as preparing fund reports, verifying fund valuation reports, and processing fund subscriptions and redemptions), and liaising with fund administrators, brokers, custodians, auditors, and other vendors to handle various fund operation tasks.

We believe that Mr. Chen has sufficient work experience regarding the number four and number nine licenses.

Please refer to the answers below for further responses to the SFC's inquiries.

According to the records of the Securities and Futures Commission, Mr. Chen became a Type 1 licensed representative of Yuexiu Securities in April 2016 and a Type 4 licensed representative in September 2016. During his tenure at Yuexiu Securities, Mr. Chen actively participated in regulatory activities related to the Type 1 license and was also a senior analyst in the research department of Yuexiu Securities as a Type 4 licensed representative, publishing industry and individual equity research reports related to the real estate and automobile industries.

In November 2020, he became a Type 1 licensed representative of Kaisa Financial Group and a Type 4 licensed representative of Kaisa Asset Management Company. He will become a Responsible Officer of the Type 1 license of Kaisa Financial Group in January 2023. During his tenure at Kaisa Asset Management Company, Mr. Chen, as a Type 4 licensed representative, actively led the team to write investment reports for the economic manager, mainly designing project investment analysis, IPO and pre-IPO project investment analysis reports. Furthermore, his main responsibilities include developing and maintaining relationships with high net-worth clients, assisting with fund administration and operational functions, supporting fund managers in daily fund operations (such as preparing fund reports, verifying fund valuation reports, and processing fund subscriptions and redemptions), and liaising with fund administrators, brokers, custodians, auditors, and other vendors to handle various fund operation tasks.

We believe that Mr. Chen has sufficient work experience regarding the Type 4 and Type 9 licenses.

Please see below for additional responses to the SFC's inquiries.

Based on Securities and Futures Commission records, Mr. Chen obtained his Type 1 license as a representative of Yuexiu Securities in April 2016 and his Type 4 license in September 2016. At Yuexiu Securities, he actively participated in regulatory activities related to the Type 1 license and served as a senior analyst in the research department, publishing equity research reports on the real estate and automobile industries as a Type 4 licensed representative.

In November 2020, he obtained his Type 1 license as a representative of Kaisa Financial Group and his Type 4 license as a representative of Kaisa Asset Management Company. He bacome a Responsible Officer of Kaisa Financial Group's Type 1 license in January 2023. At Kaisa Asset Management Company, he led a team as a Type 4 licensed representative to write investment reports for the fund manager. He primarily designed project investment analysis, IPO and pre-IPO project investment analysis reports. Other responsibilities as a Type 9 licensed representative included developing and maintaining relationships with high net worth clients, assisting with fund administration and operational functions, and supporting fund managers in daily fund operations (such as preparing fund reports, verifying fund valuation reports, and processing fund subscriptions and redemptions). Additionally, he liaised with fund administrators, brokers, custodians, auditors, and other vendors to handle various fund operation tasks.

We believe that Mr. Chen has sufficient work experience as a Responsible Officer regarding the Type 4 and Type 9 licenses.

在资产管理公司期间，陈先生主要工作为帶領團隊撰写投资分析报告、参与投资决策、设立基金、拓展基金代銷去到、撰写基金产品上架的尽职报告、参与基金的日常管理、负责内部及外部沟通。在資產管理公司期間，陳先生積極參與到公司自有基金如多元基金及債券基金的投資決策及日常管理運營中，以及帶領團隊拓展基金銷售渠道和引入優質基金進行上架代銷等工作。

During his tenure at the asset management company, Mr. Chen was responsible for leading a team that wrote investment analysis reports. These reports were presented to the investment committee members to report project investment value and convince them to approve project investment. Through this process, he was able to participate in the investment decision-making process from the beginning of the project and be involved in the investment decisions for the fund portfolio.

In addition to his leadership role in writing investment analysis reports, Mr. Chen was also responsible for participating in investment decisions, establishing funds, and expanding fund distribution channels. He worked on preparing due diligence reports for fund product listings and participated in the daily management of the funds. Mr. Chen was also responsible for managing both internal and external communications, which required him to work closely with various stakeholders.

During his time at the asset management company, Mr. Chen actively participated in the investment decision-making and daily management of the company's own funds, such as diversified funds and bond funds. He led the team in expanding fund sales channels and introducing high-quality funds for listing and distribution. Mr. Chen's extensive industry experience in fund management allowed him to successfully develop and maintain relationships with high net-worth clients, assisting with fund administration and operational functions, and supporting fund managers in daily fund operations. This included preparing fund reports, verifying fund valuation reports, processing fund subscriptions and redemptions, and liaising with fund administrators, brokers, custodians, auditors, and other vendors to handle various fund operation tasks.

Overall, Mr. Chen's experience in leading a team, participating in investment decision-making, and managing funds makes him a valuable asset to any organization seeking to expand its fund management operations.