North Stock Exchange: Intends to set a daily limit on the number of risk warning stock purchases.

In order to implement the relevant deployment of the new "National Nine Articles", to construct the Beijing Stock Exchange with high quality, improve the stock trading mechanism, and promote the healthy development of the market, under the guidance of the China Securities Regulatory Commission, the Beijing Stock Exchange has revised the "Beijing Stock Exchange Trading Rules" and publicly solicited opinions from the market starting from April 10, 2026. Since the opening of the Beijing Stock Exchange on November 15, 2021, the "Trading Rules" have been officially implemented for more than four years, and the functions of the trading mechanism have steadily played out, and the overall operation of the secondary market has been stable. In order to further facilitate market participation, meet the diversified trading needs of investors, strengthen investor protection, improve market transparency, and regulate trading order, this revision of the "Trading Rules" is proposed to cover the following four aspects. Firstly, the introduction of post-trading fixed price trading, clarifying arrangements related to orders, declarations, and market disclosures, providing a rich trading channel for investors who intend to trade at the closing price. Secondly, optimizing the block trading system, adjusting the price range of block trading for stocks without price fluctuation limits. Thirdly, adding risk disclosure arrangements for risk warning stocks and delisting consolidation stocks, setting a daily limit on the number of shares that can be bought for risk warning stocks, guiding investors to invest rationally. Fourthly, improving trading supervision arrangements, adding severe abnormal fluctuation situations, and supporting investor classification trading statistics and other publicly available trading information. At the same time, adaptively revising the clauses of the securities trading supervision section, adjusting rules statements and format structures.