CITIC Securities Company Limited made an application to the China Securities Regulatory Commission (CSRC) for the commencement of the expansion of business scope of the company to include agency services business for precious metal spot contracts and proprietary business for spot gold contracts, and authorization of the management of the company to carry out all necessary business application procedures. The board of directors of the company announced that the company has received from the CSRC the 'No Objection Letter on the Commencement of Agency Services Business for Gold and Other Precious Metal Spot Contracts and Proprietary Business for Spot Gold Contracts by CITIC Securities Company Limited' pursuant to which, the CSRC has confirmed that it has no objection to the company's launch of pilot agency services business for gold and other precious metal spot contracts as well as proprietary business for spot gold contracts. In particular, the agency services business for precious metal spot contracts shall only be provided to the clients of the company's securities brokerage business.

The company will carry out the businesses in accordance with relevant business rules and regulatory requirements.