$Lufax (LU.US)$ The Securities Regulatory Commission respo...

The Securities Regulatory Commission responds to the “pre-delisting list” of some Chinese securities: the China Securities Regulatory Commission has taken note of this situation. This is a normal step for US regulators to implement the Foreign Company Accountability Act and related implementing rules. The China Securities Regulatory Commission has expressed its stance on the implementation of the Foreign Company Accountability Law many times before. The China Securities Regulatory Commission respects the strengthening of supervision of relevant accounting firms by overseas regulators in order to improve the quality of financial information of listed companies, but it resolutely opposes the erroneous practices of some forces politicizing securities regulation. The China Securities Regulatory Commission has always adhered to the spirit of openness and cooperation, and is willing to resolve the inspection and investigation issues of relevant firms carried out by the US regulatory authorities through regulatory cooperation. This is also in line with internationally accepted practices.

Recently, the China Securities Regulatory Commission and the Ministry of Finance have continued communication and dialogue with the US Public Company Accounting Supervisory Board (PCAOB), and positive progress has been made. The China Securities Regulatory Commission believes that through joint efforts, the two sides will be able to make cooperation arrangements that meet the legal regulations and regulatory requirements of the two countries as soon as possible, jointly protect the legitimate rights and interests of global investors, and promote the healthy and stable development of the two countries' markets.