Regulations Governing Offshore Securities Branches Article 13-3

An offshore securities branch shall pay close attention to the following matters when opening a new account:1. An offshore securities branch may not refer an onshore customer to an agent company, or induce or assist an onshore customer to convert to a non-resident identity, to open an account under the offshore securities branch.2. An offshore securities branch shall enhance its understanding of the purpose of the opening of a new account, the intended use of the account, and planned transaction activity. If an offshore juristic person customer is suspected to have any onshore natural person or juristic person among its shareholders, directors, or beneficial owners, the offshore securities branch shall further obtain a statement by the customer that it has not been induced to convert, or for the purpose of investing in any certain product converted, to a non-resident identity.The offshore securities branch shall formulate a concrete and feasible internal control system with respect to the provisions of the preceding paragraph, and the system shall be rigorously implemented after being reported to and approved by the board of directors.