Recently, due to the impact of the global economy, the exchange rate of the US dollar against the RMB continued to rise rapidly.

According to HQDA stock exchange announcement dated 17 April, the exchange rate had been fixed at 1 US dollar = 6.5 RMB within 3 months’ period (17 April – 16 July). In responding to the recent exchange rate changes and the requirement of the Management of the security company, the exchange rate of HQDA shares is adjusted to 1 US dollar = 6.85 RMB effective 1 August to 31 August. This adjustment involves all members who are into replenishment of subscriptions and equity conversion to HQDA stocks. All branches all required to follow the instruction of this announcement when handling application of subscription.

Kindly be informed.