Core Viewpoint - Southern Fund Management Co., Ltd. announced restrictions on large subscriptions, regular investments, and conversion transfers for the Southern Core Technology One-Year Holding Mixed Securities Investment Fund starting from November 25, 2025, to protect the interests of fund shareholders [1] Summary by Category Fund Restrictions - Effective November 25, 2025, the Southern Core Technology One-Year Holding Mixed Securities Investment Fund will limit large subscriptions, regular investments, and conversion transfers [1] - The maximum amount for subscriptions and conversion transfers is set at 5 million yuan [1] Fund Details - The fund details include: - Southern Core Technology One-Year Holding Mixed A (Code: 018019) with a subscription limit of 5 million yuan - Southern Core Technology One-Year Holding Mixed C (Code: 018020) with the same subscription limit of 5 million yuan [1]

Core Viewpoint - Bawei Storage's stock increased by 5.05% to 134.13 CNY per share, with a trading volume of 1.96 billion CNY and a market capitalization of 62.6 billion CNY as of November 11 [1] Company Overview - Bawei Storage Technology Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on September 6, 2010, with its IPO on December 30, 2022 [1] - The company specializes in the research, production, and sales of semiconductor storage devices, offering products such as smart terminal storage chips, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [1] - Revenue composition includes: storage products 48.77%, embedded storage 29.93%, PC storage 18.12%, others 1.37%, advanced packaging services 1.09%, automotive-grade storage 0.71% [1] Shareholder Insights - Southern Fund's Southern CSI 500 ETF (510500) is among the top ten circulating shareholders of Bawei Storage, having reduced its holdings by 31,000 shares in Q3, now holding 4.73 million shares, representing 1.47% of circulating shares [2] - The ETF has achieved a year-to-date return of 30.19% and a one-year return of 19.77% [2] Fund Performance - Southern Core Technology One-Year Holding Mixed A (018019) holds 27,300 shares of Bawei Storage, accounting for 4.6% of the fund's net value, ranking as the eighth-largest holding [4] - The fund has a year-to-date return of 50.18% and a one-year return of 52.43% [4] Fund Manager Profiles - The fund manager of Southern CSI 500 ETF is Luo Wenjie, with a tenure of 12 years and 207 days, managing assets totaling 170.44 billion CNY [3] - The fund manager of Southern Core Technology One-Year Holding Mixed A is Luo An'an, with a tenure of 10 years and 128 days, managing assets of 5.01 billion CNY [5]