Participate in and complete the business training of sponsor representatives organized by China Securities Association every year after the competency examination of sponsor representatives. If the business training of the sponsor representative is not completed as required, the results of the competency test of the sponsor representative are no longer qualified.

Competency test of sponsor representatives is organized by China Securities Industry Association, entrusted by China Securities Regulatory Commission, and mainly attended by personnel engaged in investment banking business such as securities issuance, underwriting, acquisition and merger.

A sponsor representative shall meet the following conditions when signing up for the competency test:

1. Formal staff engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking-related businesses in securities companies;

2. Engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking related businesses for more than two years, including the experience of securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking related businesses in securities companies, law firms, accounting firms and asset appraisal institutions. The identification of the above time is based on the formal employment time, and informal jobs such as part-time jobs and internships are not counted;

3, has obtained the qualification of securities practitioners (that is, through the securities practitioners qualification examination basic subjects and at least one professional subject).