Core Viewpoint - The company has decided to participate in fee discount activities for certain funds in collaboration with selected distribution agencies to better meet investors' financial needs and enhance customer experience [1][2]. Summary by Sections 1. Discount Activity Plan - The fee discount activity will commence on November 24, 2025, allowing investors to participate in fee discounts for subscriptions, regular investments, and fund conversions through the specified sales agencies [2]. - The specific discount rates will be published on the official websites of the respective sales agencies, and fixed fee rates will not be eligible for discounts [2]. 2. Applicable Funds and Sales Agencies - The announcement does not specify the exact funds or sales agencies involved, but it indicates that the details can be found in the relevant legal documents and company announcements [3][26]. 3. Other Important Notes - The original fee rates can be found in the fund contract and prospectus, and the discount activity only applies to subscription and conversion fees, excluding redemption fees [3]. - The company reserves the right to adjust business rules based on market conditions or legal changes, with prior disclosure as required by law [4]. 4. Subscription and Redemption Details - The minimum subscription amount through non-direct sales agencies is set at 10 RMB, while the minimum for direct sales is 50,000 RMB for first-time investors [11]. - Redemption fees vary based on the holding period, with different rates for holding periods of less than 30 days, 30 to 90 days, and 90 to 180 days [17]. 5. Conversion and Regular Investment - Conversion fees consist of redemption fees from the outgoing fund and any subscription fee differences for the incoming fund [19]. - The company allows for regular investment plans, with specific rules to be defined separately [23]. 6. Fund Management and Disclosure - The company will disclose the net asset values and cumulative net asset values of the funds on the next business day after transactions are processed [26].

Core Viewpoint - This week, 11 new funds are being launched, with index funds being the main focus of the offerings [2][6]. Fund Issuance Overview - A total of 11 new funds will be publicly offered this week from September 22 to September 26, with 5 funds starting on Monday, accounting for 45.45% of the total [4]. - The average subscription period for the new funds is 35 days, with the shortest being 1 day for the Ping An Hang Seng Hong Kong Stock Connect Technology Theme Index Fund [5]. Fund Types and Goals - Among the 11 new funds, 6 are index funds, making up 54.54% of the total, including 5 passive index funds and 1 enhanced index fund [7][8]. - The highest fundraising target among the new funds is 8 billion units for the E Fund's SSE 580 ETF and Qianhai Kaiyuan's 3-month holding period mixed fund of funds (FOF) [5]. - The lowest fundraising target is 500 million units for the Ping An Hang Seng Hong Kong Stock Connect Technology Theme Index Fund [5]. Market Sentiment and Trends - Industry insiders believe that the current fund issuance market is improving, with an increase in average issuance volume and a rise in equity product issuance scale [8]. - If investor risk appetite continues to rise, the public fund issuance market is expected to recover, with index funds likely to remain the primary focus [8].