In order to implement the Opinions of the General Office of the Communist Party of China and the State Council on Strictly Cracking down on Securities Illegal Activities in accordance with the Law, actively respond to the requirements of the China Securities Regulatory Commission's Notice on Carrying out the 2022 Prevention of Illegal Securities and Futures Propaganda Activities, further do a good job in promoting the prevention of illegal securities propaganda activities, and effectively protect the legitimate rights and interests of investors. The company has launched a series of investor protection publicity activities around the theme of "choosing legitimate institutions, staying away from illegal entities, adhering to rational investment, and being cautious of being deceived".

 Special Topic on Investor Protection Propaganda 1: The Manifestation and Policy Boundaries of "Black Mouth in the Stock Market"

"Stock market blackmouth" refers to institutions and individuals who fabricate and disseminate false or misleading information, affect stock prices or trading volumes, and even manipulate the market to seek illegal benefits. The behavioral patterns mainly include:

1. Fabricating and disseminating false information about securities. Mainly refers to disrupting the securities market by fabricating and disseminating false or misleading information.

2. Inducing transactions. Mainly refers to the dissemination of false or uncertain significant information, inducing investors to make investment decisions, affecting securities trading prices or volumes, and engaging in related transactions or seeking related benefits.

3. Trading by grabbing hats. Mainly refers to publicly evaluating, predicting, or providing investment advice to securities, their issuers, and listed companies, misleading investors in making investment decisions, affecting securities trading prices or volumes, and engaging in securities trading in the opposite direction of their evaluation, prediction, or investment advice.

4. Utilize information advantages to manipulate. Control the generation of information about issuers and listed companies, or control the content, timing, and pace of information disclosure, mislead investors into making investment decisions, affect securities trading prices or volumes, and engage in related transactions or seek related benefits.

According to the relevant provisions of the Securities Law, the above-mentioned behaviors are suspected of fabricating and disseminating false or misleading information (behavior mode 1), and manipulating the securities market (behavior mode 2-4).

Investors should be wary of the "black mouth" behavior in the stock market, choose legitimate institutions during the investment process, adhere to rational investment, and enhance their risk prevention awareness and self-protection ability to beware of being deceived.