Jiasheng of American Jiasheng Group is in China.

20 1 1 China Banking Regulatory Commission approved Jiasheng Group to set up a Beijing representative office.

Index number: 717804719/2011-02862.

Subject classification: institutional supervision

Office: non-banking department

Issue date: 20 1 1-03-03

Official Document Name: Letter from China Banking Regulatory Commission on Approving Jiasheng Group to Establish Beijing Representative Office.

Document number: Yin [2011] No.28.

The content is as follows:

Letter of China Banking Regulatory Commission on Approving Jiasheng Group to Establish Beijing Representative Office.

American Jiasheng Group:

We have received a letter from Mr Glenn Stevens, CEO of your company, applying to set up a representative office in Beijing.

According to the Measures for the Implementation of Administrative Licensing Matters of Non-bank Financial Institutions, your company is now approved to set up a representative office in Beijing. The Chinese name of the representative office is: American Jiasheng Group Beijing Representative Office; The English name is Gain Capital Group Beijing Representative Office. Representative offices are limited to engaging in consulting, liaison, market research and other non-operating activities related to Jiasheng Group's currency brokerage business in China.

At the same time, according to the Measures for the Implementation of Administrative Licensing Matters of Non-bank Financial Institutions, Yao Zhichao was approved to be the chief representative of this representative office.