Relationship between Huatai Bairui Fund and Huatai Securities

Affiliation. Huatai Bairui Fund Co., Ltd. is a wholly-owned subsidiary of Huatai Securities, specializing in the management and operation of private equity funds. Huatai Bairui Fund Co., Ltd. relies on Huatai Securities as a resource base, combines industry resources and years of investment management experience, implements professional management, improves the management level of private equity funds, and provides investors with quality financial services.