Changqiao Securities responds: We will strictly implement various rectification requirements and promote relevant arrangements in accordance with the law and regulations According to a report by Golden Finance, on May 22nd, in response to the China Securities Regulatory Commission's investigation and proposed administrative penalties against domestic and foreign entities related to Changqiao Securities, Changqiao Securities stated that its licensed entities are subject to supervision by overseas regulatory agencies such as the Hong Kong Securities Regulatory Commission. Changqiao emphasized that customer funds are completely isolated from company operating funds and are kept in independent custody bank accounts in accordance with regulatory requirements; The US and Hong Kong stocks held are respectively managed by the Depository Trust and Clearing Corporation (DTCC) and the Hong Kong Securities Depository and Clearing Corporation Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). At the same time, the company will strictly implement various rectification requirements and promote relevant arrangements in accordance with laws and regulations. (Golden Ten)