Group 1 - The core point of the announcement is the approval for GF Securities Co., Ltd. to provide primary market-making services for the Fuguo CSI Photovoltaic Industry ETF starting from February 6, 2026 [1][2][3] Group 2 - The purpose of this approval is to enhance the market liquidity and stable operation of the Fuguo CSI Photovoltaic Industry ETF [1] - The announcement is issued by the Shanghai Stock Exchange on February 5, 2026 [3]

Core Viewpoint - The announcement details the operational aspects of the "Fuguo Xinghe Mixed Securities Investment Fund," including investment management, subscription, redemption, and conversion processes, effective from February 4, 2026 [3][4][19]. Group 1: Fund Management and Investment Strategy - The fund primarily adopts a full replication method for investment, constructing a stock portfolio based on the composition and benchmark weights of the underlying index, the China Securities Photovoltaic Industry Index [1]. - The fund management company emphasizes adherence to legal and regulatory requirements in daily investment management to minimize tracking errors and protect the rights of fund shareholders [2]. Group 2: Subscription and Redemption Processes - The minimum subscription amount for the fund is set at RMB 1, while the minimum for direct sales is RMB 50,000 for the first subscription and RMB 20,000 for subsequent subscriptions [5][6]. - Redemption requests must not be less than 0.01 fund shares, and if the remaining balance is below this threshold, a full redemption is required [10]. - The redemption fee decreases based on the holding period, with specific rates for different durations [11]. Group 3: Conversion and Regular Investment - Fund shareholders can process conversion requests through direct sales channels, with only the redemption fee applicable for the outgoing fund [12][15]. - Regular investment options are available through the company's online trading system, with a minimum investment of RMB 10 [16]. Group 4: Fund Sales and Disclosure - The fund is available through direct sales and various financial institutions, including banks and securities companies [18]. - The fund's net asset value will be disclosed no later than the day following each open day through specified channels [19].