Securities Brokerage

The Group’s securities brokerage business is conducted under its wholly owned subsidiary CS Wealth Securities Limited (“CSW”) www.cswsec.com.hk. CSW is a corporation registered with Hong Kong Securities and Futures Commission licensed to carry out business in Type 1 activities (dealing in securities). CSW provides securities brokerage, [margin financing], placing and underwriting services. The Company’s Executive Committee oversees the operations of the Group’s securities brokerage business.