I. Basic conditions for investors to apply for margin trading in Hengtai Securities 1. Before investors apply for margin trading in Hengtai Securities, they have opened an ordinary securities account in Hengtai Securities for 18 months and traded for 6 months. 2. The total assets of ordinary accounts opened by individual investors in Hengtai Securities should reach RMB 500,000 (RMB), and the total assets of ordinary accounts opened by institutional investors in Hengtai Securities should reach1000,000 (RMB). 3. Other conditions stipulated by the securities regulatory agency and Hengtai Securities. II. Materials to be provided by investors when applying for opening margin trading of Hengtai Securities: 1, application materials to be submitted by individual investors: personal identification materials (ID card or household registration book, etc.), ordinary securities account cards, and relevant credit information materials (please consult your business department); 2. Application materials to be submitted by institutional investors: valid copy of legal person business license or registration certificate, organization code certificate, tax registration certificate, legal representative certificate and original ID card, power of attorney signed by legal representative, agent (licensee) ID card, ordinary securities account card, residence certificate, and relevant credit information (please consult the business department of Hengtai Securities). Iii. Operation process of margin financing and securities lending business of Hengtai Securities Description of the process of Hengtai Securities: 1 Investor application: Investors should apply to the business department of Hengtai Securities where they are located to open margin financing and securities lending transactions, and submit relevant identification materials and credit information materials (please consult the business department where they are located); 2. Qualification review and credit investigation: Hengtai Securities reviews the investor's qualification for opening an account, conducts credit investigation on qualified investors according to regulations, and evaluates the credit status of customers; 3. Signing contracts and risk disclosure: For investors who have passed the credit investigation, sign the Margin Contract and the Margin Trading Risk Disclosure in the business department of Hengtai Securities; The contract specifies the rights and obligations of investors and securities companies in detail and clearly. 4. Account Opening: After the audit of Hengtai Securities, the business department of Hengtai Securities handles the credit account opening business for investors, and the investors go to commercial banks to handle the third-party depository signing. 5. Collateral transfer: Investors can transfer collateral to the credit account at the counter of the business department or other trading channels, that is, investors transfer the guarantee funds to the credit fund account through the bank, and transfer the securities that can cover the margin from the ordinary securities account to the credit securities account; 6. Credit granting: Hengtai Securities evaluates and determines the financing amount and securities lending amount that can be provided to investors according to the overall guaranteed assets of investors' credit accounts; 7. Margin trading: After the collateral is transferred, investors can conduct margin trading, including margin buying and margin selling; 8. Repayment of funds and securities: In the financing transaction, when the investor sells, the funds obtained will first be returned to the securities company owed by the investor, and the balance will be kept in the investor's credit account; In the securities lending transaction, investors buy securities and return them to the securities company and pay the securities lending fee. In addition, investors can also directly use existing funds and securities to repay the debt of margin financing and securities lending to securities companies in accordance with the contract. 9. Ending the margin trading: When the investor has fully repaid the margin trading debts of the securities company, the investor can transfer the remaining assets in his credit account to his general account.