Recently, JIC Leasing Shanghai was approved by the Shanghai Stock Exchange (hereinafter referred to as the SSE) as a qualified optimization and audit issuer of asset-backed securities (" ABS "). This qualification reflects the SSE's recognition of JIC Leasing’s capabilities, and further enhances the Company's image in the capital market.

According to Guideline No. 3 on the Application of Listing Condition Confirmation Rules for Asset-Backed Securities - Classification Review (SSE [2022] 166) issued by the SSE at the end of 2022, the qualification is primarily aimed at high-quality enterprises with significant industry status, good market recognition, a sound corporate governance structure, healthy operations and finances, rich experience in asset-backed securitization product financing and a well-developed information disclosure mechanism.

In recent years, JIC Leasing Shanghai, as the original equity owner, has issued multiple offerings of financial leasing ABS, which have been widely recognized by market investment institutions. The SSE approval as a qualified optimization audit issuer will further improve the efficient issuing of the Company's ABS products.