Fangzheng Securities announced that the company recently received a reply from the China Securities Regulatory Commission regarding Fangzheng Securities Co., Ltd's participation in carbon emissions trading. According to the reply, the company's proprietary business may participate in carbon emissions trading in legally established domestic trading venues. The company will conduct its business in compliance with relevant regulations and the requirements of the reply, aiming to serve the real economy, reduce overall society's emission reduction costs, and promote the economic transition to green and low-carbon upgrading, while incorporating related businesses into the company's comprehensive risk management system.