1. A principal refers to a person who entrusts others to do things for himself. In the securities brokerage business, the principal refers to a natural person or legal person who can buy and sell securities according to the provisions of national laws and regulations. Refers to the citizens, legal persons or other organizations (also known as sellers) who entrust the company to auction the auction items or property rights that they enjoy ownership or disposal rights.
2. The trustor (also called the trustee in civil law textbooks) refers to the person who accepts the entrustment of the trustor to engage in civil and commercial activities or litigation and arbitration activities. Civil and commercial legal acts committed by the principal within the scope authorized by the principal shall have effect on the principal.