The Peking Securities Regulatory Bureau has approved and authorized Goldman Sachs (China) Securities Limited Liability Company to engage in the public fundraising securities investment fund sales business. According to the approval, the license for Goldman Sachs (China) Securities to sell public fundraising securities investment funds is valid for 3 years from the date of first issuance. Goldman Sachs (China) Securities should complete the business preparation work within 6 months in accordance with the requirements of laws and regulations such as the Securities Investment Fund Law and the Administrative Measures for the Supervision and Administration of Public Fund Sales Institutions.