Core Viewpoint - The document outlines the qualification verification process conducted by CITIC Securities for the transfer of depositary receipts of Nine Company to specific institutional investors, ensuring compliance with relevant regulations and guidelines [1][5]. Group 1: Transfer Delegation - CITIC Securities has been entrusted by the transferors, including Putech Limited, Cidwang Limited, Hctech I L.P., Hctech II L.P., and Hctech III L.P., to organize the inquiry transfer of depositary receipts [1]. Group 2: Qualification Verification Process - CITIC Securities conducted a thorough verification of the transferors' qualifications, including interviews and document collection, in accordance with regulatory requirements [1][5]. - The transferors provided a commitment letter regarding their qualifications for the inquiry transfer [1]. Group 3: Individual Transferor Verification - Putech Limited: Established on December 5, 2014, as a BVI commercial company, it is legally operational and has not violated any share reduction regulations [1][2]. - Cidwang Limited: Also established on December 5, 2014, as a BVI commercial company, it meets the same legal and regulatory standards as Putech Limited [1][2]. - Hctech I L.P.: Established on March 22, 2019, as a partnership, it is legally operational and compliant with share reduction regulations [3]. - Hctech II L.P.: Established on March 22, 2019, as a partnership, it shares the same compliance status as Hctech I L.P. [3]. - Hctech III L.P.: Established on March 22, 2019, as a partnership, it is also compliant with the relevant regulations [3]. Group 4: Compliance with Transfer Guidelines - The transferors must adhere to the guidelines regarding the transfer window period and share reduction regulations, ensuring no violations occur during the inquiry transfer process [4][5]. - The recent financial performance of Nine Company indicates that the cumulative cash dividends over the last three audited years exceed 30% of the average annual net profit attributable to shareholders [4]. - The closing price of the depositary receipts has remained above the net asset value per share and the initial issuance price during the last 20 trading days [4].