On 25 November, 2022, Morgan Stanley Capital International (MSCI), an 
international authoritative indexing organization, released the latest annual 
Environmental, Social and Governance (ESG) rating. The MSCI ESG rating of 
Guotai Junan International Holdings Limited ("Guotai Junan International", the 
"Company" or "GTJAI", Stock Code: 1788.HK) has been upgraded to "BBB", a 
leading rating for securities firms in Hong Kong, referring to its excellent 
ESG management performance. MSCI stated that the Company's improved responsible 
investment practices and the strengthened ethics policies are the primary 
drivers of the upgrade.

In the assessment of the overall strengths of GTJAI, MSCI stated that the 
Company leads global peers in corporate governance and in business ethics 
framework. GTJAI's fully independent audit committee helps provide financial 
and risk control oversight. Meanwhile, the Company has a disclosure of its 
anti-corruption policies and a whistleblowing mechanism. Furthermore, GTJAI 
expanded its involvement in underwriting green/sustainable bonds, which 
amounted to USD 10.9 billion, as of 2021.

ESG performance of listed companies around the world is increasingly valued by 
financial regulations and international investors. High ESG ratings reflect 
stronger business management and corporate governance. With ESG-oriented 
investments becoming an important investment strategy in global financial 
markets, ESG ratings have become an important basis for measuring the value of 
investments in listed companies in the international market. The upgraded 
rating is a high recognition and full acknowledgment of GTJAl's ESG management 
achievements by international authorities and the international capital market.

GTJAI adheres to the philosophy of "Finance for Good" and "Finance for the 
People" and believes that sustainability is one of the most important 
foundations of its long-term development. In the future, GTJAI will continue to 
strengthen the implementation of the Company's sustainable development 
strategy, and increase its investment in environmental protection (including 
the impact of climate change), corporate governance, employee care and social 
contribution. Through a wide range of green financial services and products, 
GTJAI marches on low-carbon development for customers and society.

Source: Guotai Junan International Holdings Limited