Management Rules on Dagong's Surveillance Credit Ratings are formulated for the purpose of judging the changes of the credit risks of the rating target in a timely manner, continuously analyzing its credit risks and checking the result of preliminary rating.

Both regular and irregular surveillance credit rating may be conducted on the rating target when its credit rating level is still valid or within the maturity of the bond issued by it.

The same rating standards and working process will be adopted during the surveillance credit rating to maintain the consistence and continuance of the rating results.

The surveillance credit rating shall be processed strictly in accordance with the rating and assessment methods set by the Company.