Competency test of sponsor representatives is organized by China Securities Industry Association, entrusted by China Securities Regulatory Commission, and mainly attended by personnel engaged in investment banking business such as securities issuance, underwriting, acquisition and merger.

An individual who applies for registration as a sponsor representative shall have the qualification of securities practice, obtain a practice certificate and meet the following requirements, apply to the China Securities Regulatory Commission through the sponsor institution where he works, and submit relevant supporting documents and statements.

Relevant supporting documents and statements submitted by individuals registered as sponsor representatives are:

1. Have investment banking experience as stipulated by China Securities Regulatory Commission.

2. Take the competency test of sponsor representatives recognized by China Securities Regulatory Commission and pass the test.

3. Letter of recommendation issued by the sponsor and signed by the chairman or general manager.

4. There is no large amount of outstanding debts due.

5. It has not been removed from the list by the China Securities Regulatory Commission, nor has it been given administrative punishment by the China Securities Regulatory Commission for violating laws and regulations.

6. Other conditions stipulated by China Securities Regulatory Commission.