Guosen Securities Co.,Ltd. (China)

Guosen Securities Co., Ltd. is a nationwide large-scale comprehensive securities company located in Shenzhen. The company has a prominent market position and competitive advantage in various business areas. Since 2008, its brokerage business has consistently ranked third in the industry in terms of stock and fund trading volume, and in 2011, it ranked second in net income from securities trading. In the investment banking business, Guosen Securities has been ranked among the top underwriters for four consecutive years from 2006 to 2009, and in 2010, it ranked second in the industry. It was one of the two securities firms that entered the top ten in terms of underwriting volume and number of underwriting projects in the industry in the same year. In 2011, it ranked among the top two in terms of underwriting projects and underwriting volume (calculated by average) in the industry. In the research business, Guosen Securities has been awarded the title of "Most Influential Research Institution" in the "Analyst" selection by New Fortune magazine from 2005 to 2011, with more than 90 individuals receiving "Analyst" awards. In the national ranking of securities companies' business performance conducted by the China Securities Association, Guosen Securities has consistently ranked in the top ten in terms of total assets, net assets, net capital, operating income, net profit, net income from securities trading, and number of underwriting projects.