Adapting to new trading regulations, several securities firms have begun using the new version of the risk disclosure document for the GEM board.

On April 24th, the Shenzhen Stock Exchange issued a revised version of the "Necessary Clauses for Risk Disclosure in the Growth Enterprise Board Investment Risks Disclosure Document", which will take effect from April 27th. The Shenzhen Stock Exchange requires all member units to update the risk disclosure document in a timely manner, and for ordinary investors applying for the first time to open trading permissions for Growth Enterprise Board stocks or depository receipts, they are required to sign the new version of the document. In addition, member units should carry out risk disclosure work through multiple channels and methods, such as SMS, phone calls, or pop-up windows when logging into trading software, and inform investors who have signed the old version of the risk disclosure document in a timely and comprehensive manner about relevant system changes and risk characteristics. In response to the new system arrangements, securities brokers have reacted promptly. It was found that more than 40 securities brokers, including Guotai Junan Securities, China Galaxy Securities, Hualin Securities, Guojin Securities, and Chengtong Securities, have successively issued announcements announcing the use of the new version of the "Necessary Clauses for Risk Disclosure in the Growth Enterprise Board Investment Risks Disclosure Document".