(Adopted at the Third General Meeting of Guangdong Securities Association on March 20th, 2003)

Article 1 In order to standardize the business activities of members, enhance the industry image, enhance the awareness of honesty, law-abiding, fair competition and common development, maintain the order of Guangdong securities and futures market, protect the legitimate rights and interests of members and investors, and promote the standardized, healthy and stable development of Guangdong securities and futures market, all members have reached an understanding through consultation in accordance with relevant national laws and regulations and the articles of association of Guangdong Securities Association, and hereby promise to strictly abide by this Convention.

Article 2 Members shall strictly abide by:

(1) national laws, regulations and rules;

(2) Articles of Association, self-discipline rules and other relevant provisions of Guangdong Securities Association;

(3) Rules on securities and futures accounts, trading and liquidation.

Article 3 Members shall:

(1) Establish and improve the internal control mechanism, strengthen the safety management of customers' funds and technology, and ensure the smooth transaction of customers and the safety of funds and securities.

(2) Adhere to the principles of openness, fairness and impartiality, be honest and trustworthy, be diligent and conscientious, keep business secrets and safeguard the legitimate rights and interests of customers;

(3) The information disclosure is true, accurate, complete and timely;

(four) to strengthen the management and training of employees, improve the professional level and moral standards, and urge employees to cultivate and maintain the quality of integrity, integrity, justice and honesty;

(five) fair competition, * * * with development, and consciously safeguard the image of the industry;

(six) to strengthen the research of securities and futures markets, and promote business innovation and system innovation;

(seven) consciously accept and participate in the self-discipline management of the industry, actively participate in various activities organized by the Guangdong Securities Industry Association, and submit relevant materials required by the association in a timely, true, accurate and complete manner;

(eight) take the initiative to stop and report the illegal acts of securities and futures in a timely manner;

(9) Actively do a good job in investor education and correctly guide investors.

Article 4 Members shall not engage in the following acts:

(1) Violating or assisting others to violate the relevant laws, regulations and rules of the state;

(2) engaging in business beyond the scope of business;

(3) engaging in or conniving at, acquiescing in or conniving at insider trading, market manipulation and other securities and futures fraud activities;

(four) malicious competition, derogatory peers;

(five) damage the reputation of the industry and damage the interests of the industry;

(6) Making false or misleading propaganda;

(seven) stealing peer secrets and profiting from them or disclosing them to others for profit;

(eight) to seek illegitimate interests for themselves or others in business activities.

Article 5 When engaging in underwriting business, members shall not commit the following acts:

(1) Unfair price competition in underwriting commission;

(2) Providing financing for the issuer.

(3) There is an improper oral or written interest agreement with the issuer or its related personnel.

(4) misleading investors with false information or deliberately concealing information that should be disclosed;

(5) Selling securities by illegal means.

(six) improper means to influence the issuance of auditors, interfere with the normal audit order.

Article 6 When engaging in brokerage business, members shall not commit the following acts:

(1) fabricating and disseminating false information or internal information that has not been officially disclosed to mislead investors;

(2) Deceiving customers, buying and selling securities in customers' accounts privately, or buying and selling securities under the guise of customers;

(3) Inducing customers to buy and sell securities unnecessarily in order to earn commission income;

(four) to make a profit and loss commitment to customers;

(5) Accepting the entrustment of clients to buy and sell securities for them.

(6) divulging customer information, or forging, altering or failing to keep customer transaction, settlement, delivery and other information in accordance with regulations;

(seven) to accept the full authorization of customers;

(eight) allow legal persons to open accounts and buy and sell securities in the name of individuals;

(9) Providing funds or securities to customers in violation of regulations.

(ten) in violation of the principle of good faith and recognized business ethics, for the purpose of crowding out competitors, commission price competition or publicity;

(eleven) malicious slander, slander peers;

(12) conducting marketing activities in the business premises of the same trade or instructing customers of the same trade to occupy or transfer custody or cancel designated transactions;

(13) Digging away customers and employees in the same trade by inducement, coercion or other improper means;

(14) Deliberately delaying or refusing to handle the client's securities re-custody or canceling the designated trading business (except as otherwise provided by laws and regulations and the business rules of stock exchanges and securities depository and clearing companies).

Article 7 When conducting self-operated business, members shall not commit the following acts:

(1) misappropriating customers' deposits or securities;

(2) Opening a securities account under the guise of a customer;

(3) knock it down;

(4) Mixing proprietary accounts with other accounts;

(5) Operating investment banking, entrusted asset management and securities investment consulting business;

(6) colluding with others to speculate in securities in any way;

(seven) disclosure of proprietary trading information;

(8) recommending or inducing customers to buy proprietary securities.

(9) Speculating securities of affiliated companies.

Article 8 A member shall not engage in any of the following acts when conducting entrusted investment management business:

(1) changing the scope of entrusted investment without authorization;

(2) Misappropriation of entrusted investment assets;

(3) Deliberately making the transactions of the trustee's stakeholders precede or lag behind the entrusted investment transactions.

(4) Conducting entrusted investment transactions between different entrusted investment accounts or with the trustee's self-operated accounts, and transferring the gains or losses of entrusted investment accounts;

(5) buying and selling unnecessary securities for the purpose of obtaining commissions or other benefits;

(6) Agreeing with the trustor to share the profits or losses of investment securities, and promising the investment profits to the trustor.

(7) Making false propaganda to the company for the purpose of winning customers;

(eight) knowing that the entrusted assets are illegal and accepting the entrustment.

Article 9 A member engaged in securities investment fund management business shall not commit any of the following acts:

(1) Conspiring with others in any way to jointly speculate on securities and obtain illegitimate interests;

(2) buying and selling listed securities of its shareholder units.

(3) knock it down;

(four) damage the legitimate interests of customers and transfer interests to their shareholder units;

(five) disclosure of securities trading information;

(6) recommending or inducing customers to buy securities traded by the Fund.

Article 10 A member engaged in securities investment consulting business shall not commit the following acts:

(a) providing false information, misleading statements or major omissions in investment analysis, prediction or suggestions;

(two) at the same time to provide opposite or contradictory investment analysis, forecast or advice on the same matter.

(3) colluding with others to manipulate the market by consulting services;

(4) Deceiving or forcing clients to accept securities investment consulting services;

(5) engaging in securities trading for clients in violation of regulations;

(six) in the securities consulting activities, promise the investment income to the customer and agree with the customer to share the profits or losses.

Eleventh members engaged in futures brokerage business, shall not have the following acts:

(a) to accept the entrustment of units or individuals that do not meet the prescribed conditions and act as futures trading agents for them;

(2) allowing legal persons to open accounts in their own names to engage in futures trading, allowing customers to open accounts under the guise of other people's names or fictitious names, or to open accounts and issue trading instructions in multiple parties within the same company;

(3) Entrusting or accepting entrusted business;

(4) allowing customers to conduct futures trading under the condition of insufficient margin;

(5) engaging in futures proprietary business or engaging in futures proprietary business in disguised form;

(6) Failing to withdraw, manage and use the risk reserve in accordance with regulations;

(7) Forging, tampering with or failing to keep the futures trading, settlement and delivery data in accordance with regulations.

(eight) in violation of the provisions of mixed code transactions;

(9) Failing to present the risk statement to the customer as required and making profit guarantee to the customer.

(10) Not accepting the entrustment of customers or not conducting futures trading according to the scope entrusted by customers.

(eleven) provide false futures market quotes and information, or use other improper means to trick customers into issuing trading orders;

(12) Providing false trading returns to customers;

(13) engaging in over-the-counter futures trading without issuing trading instructions from customers to the futures exchange;

(fourteen) misappropriation of customer deposits.

(fifteen) engaged in foreign exchange deposit trading, overseas futures trading or other.

Article 12 The Association's Self-discipline Supervision Committee shall investigate and collect evidence from the defaulting members, and put forward handling opinions according to the investigation results. The association shall make a decision on punishment according to the articles of association and relevant procedures.

Thirteenth members have the obligation to accept and cooperate with the investigation of the Association's self-discipline supervision committee. Members shall not refuse or delay to provide relevant information or provide untrue, inaccurate or incomplete information for any reason during the inspection and investigation of the Association.

Article 14 The Association may remind or question its members who violate this Convention in written or oral form, and deal with them separately or in combination according to the seriousness of the case:

(a) written criticism, shall be ordered to make corrections;

(2) informed criticism;

(three) publicly condemned in the newspapers and periodicals designated by the China Securities Regulatory Commission;

(4) Suspension of some members' rights;

(5) Suspension of membership;

(six) cancel the membership, and suggest the relevant departments to deal with it.

Fifteenth members have objections to the punishment, you can apply to the association for reconsideration.

Article 16 Specific measures for reporting, investigating, handling and reconsideration of breach of contract shall be formulated separately by the Association.

Seventeenth members who consciously abide by this convention and meet one of the following circumstances, the association will give appropriate rewards or recognition:

(a) to carry out securities and futures market business or management innovation, with outstanding contributions;

(two) put forward important opinions on the development of the securities and futures market, and the suggestions are adopted by the competent authorities or associations;

(3) Reporting major violations of laws and regulations in the securities and futures markets, which are verified by investigation;

(four) to maintain the normal operation of the securities and futures market, eliminate major accidents in a timely manner, and properly handle accidents;

(five) other outstanding achievements recognized by the association.

Article 18 If a member is punished or rewarded according to the provisions of Articles 14 and 17, the result shall be recorded in the credit record file of the member and its responsible person.

Article 19 This Convention applies to members and individual members of securities companies, futures companies, securities business departments, fund management companies and securities investment consulting companies.

Article 20 This Convention shall be formulated and revised by the Council of the Association, and shall come into force after being deliberated and adopted by the general meeting of members.

Article 21 The Council of the Association shall be responsible for the interpretation of this Convention.