Leveraging our leading position in the PRC securities industry as an integrated financial services provider, we expanded our business overseas and established Galaxy International Holdings in February 2011. Galaxy International Holdings has the requisite business licenses through its wholly owned subsidiaries to provide a wide range of financial and securities services in Hong Kong, including brokerage and sales, investment banking, asset management, and research services. Galaxy International Holdings and its subsidiaries have obtained a Type 1 license for dealing in securities, a Type 2 license for dealing in futures contracts, a Type 4 license for advising on securities, a Type 6 license for sponsoring IPOs and providing financial advisory services, a Type 9 license for asset management, and the requisite license to act as a qualified lender.

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