1. Weibo's loan is a loan product of Sina, and Sina is the major shareholder of Mongolian consumer finance company, which is equivalent to indirectly holding a consumer finance license and having formal loan qualification.

2. Weibo Lending Platform will conduct comprehensive risk monitoring for users according to the current typical fraud scenarios and historical data of the platform. At the same time, Weibo borrows money to apply encryption algorithm to protect user information and prevent any form of personal information disclosure.

3. The funds borrowed by Weibo are actually provided by a number of licensed financial institutions, such as Shanghai Pudong Development Bank, Minsheng Bank and Shang Meng Consumer Finance. These institutions have consumer finance or banking finance licenses and can lend money.