Core Viewpoint - The company announces a fee discount activity for certain funds sold through Postal Savings Bank, effective from October 27, 2025, aimed at enhancing investor experience and meeting their financial needs [1][2]. Applicable Funds - Investors can purchase, regularly invest, redeem, and convert funds listed under the agreement through Postal Savings Bank, following the relevant regulations and legal documents [1][2]. Fee Discount Activity - During the promotional period, investors will enjoy fee discounts on subscription and conversion fees for the specified funds when transacted through Postal Savings Bank, with specific discount rates determined by the bank [2][3]. - Any new funds sold through Postal Savings Bank will also be eligible for the fee discount from the date of their introduction, unless stated otherwise [2][3]. Sales Institution Information - The sales institution for the funds is China Postal Savings Bank, with customer service available at 95580 and further information accessible on their official website [2][3]. Important Notes - The fee discount applies only to subscription and conversion fees for funds in normal subscription periods and does not cover redemption fees [3]. - The sales institution retains the right to interpret the fee discount activity and may change its content without further notice from the company [3].

Core Insights - The Chinese Securities Regulatory Commission (CSRC) is accelerating investment reforms to establish a "long money long investment" policy framework, with significant achievements in promoting long-term capital into the market as of August 2023 [1][4] Group 1: Investment Reforms - The CSRC has implemented a comprehensive fee reduction reform in the public fund industry, achieving a significant breakthrough with a three-phase fee reduction plan that has been fully rolled out [2] - The third phase of the fee reduction reform is expected to save investors approximately 30 billion yuan annually, with an overall reduction of about 34% in sales fees [2] - Cumulatively, the three phases of the public fund fee reform are projected to save investors around 51 billion yuan each year, exceeding the initial reduction targets [2] Group 2: Public Fund Industry Growth - The public fund industry in China has reached a record high, surpassing 35 trillion yuan by the end of August 2023, indicating its growing importance in the capital market [3] - The successful implementation of the fee reduction reform marks a new phase of high-quality development for the public fund industry [3] Group 3: Long-term Capital Investment - Long-term capital plays a crucial role in stabilizing the market and mitigating short-term volatility, with a reported increase of 6.4 trillion yuan in the A-share market's circulating value held by various long-term funds, representing a year-on-year growth of 42.7% [4] - As of August 2023, various long-term funds collectively held approximately 21.4 trillion yuan in A-share circulating market value [4] Group 4: ETF Development - The CSRC has proposed establishing a fast-track approval process for ETF index funds to enhance the scale and proportion of equity funds, with ETF assets exceeding 5 trillion yuan by August 2023 [5] - The development of innovative ETF products has catered to diverse investment needs, contributing to the high-quality growth of the industry [5] - Central Huijin has significantly increased its holdings in ETFs, with a total value of 1.28 trillion yuan by mid-2025, accounting for nearly 30% of the total ETF market [5]

Core Viewpoint - The announcement details the partnership between Guohai Franklin Fund Management Co., Ltd. and Huafu Securities Co., Ltd. for the sale and service of open-end mutual funds starting from September 12, 2025 [1]. Group 1: Fund Sales and Services - Huafu Securities will act as an agent for selling certain open-end mutual funds managed by Guohai Franklin [1]. - The agreement includes the opening of conversion and regular fixed investment services [1]. Group 2: Fund Conversion Details - The conversion fee consists of the difference in subscription fees between the two funds and the redemption fee of the outgoing fund, which varies based on the specific funds involved [2]. - Fund conversion can only occur within the same sales institution, and both funds must be managed by Guohai Franklin [4]. - Specific conversion rules and procedures are subject to the sales institution's arrangements and regulations [4][8]. Group 3: Regular Fixed Investment Details - Investors can apply for regular investment services at Huafu Securities, with a minimum subscription amount specified for each fund [7]. - The specific rules and procedures for regular investment are governed by the latest product materials and management rules of Guohai Franklin [8]. Group 4: Important Notices - The interpretation rights of this announcement belong to Guohai Franklin [9]. - Investors are encouraged to read relevant legal documents for detailed information on the funds [10].

Core Points - The China Securities Regulatory Commission (CSRC) has revised the "Regulations on the Management of Sales Fees for Publicly Offered Securities Investment Funds" to promote high-quality development in the public fund industry and reduce investor costs [1] Summary by Sections Section 1: Fee Reduction - The regulations aim to reasonably lower subscription fees, purchase fees, and sales service fee rates to reduce costs for investors [1] Section 2: Redemption Arrangements - The revised rules optimize redemption arrangements, specifying that the entire redemption fee will be included in the fund's assets [1] Section 3: Encouragement of Long-term Holding - The regulations encourage long-term holding by stating that no sales service fees will be charged for investors holding stock, mixed, or bond funds for over one year [1] Section 4: Equity Fund Development - The guidelines maintain a focus on the development of equity funds by setting a cap on the payment ratio of trailing commissions [1] Section 5: Sales Fee Regulation - The regulations strengthen the standardization of fund sales fees, addressing issues such as the allocation of interest from fund sales settlement funds and double charging in fund advisory services [1] Section 6: Direct Sales Platform - A direct sales service platform for institutional investors in the fund industry will be established to provide efficient, convenient, and secure services for fund managers' direct sales operations [1]

Core Points - The announcement states that Hai Futong Fund Management Co., Ltd. has signed a sales agreement with Ningbo Bank to include Ningbo Bank as a sales institution for certain open-end mutual funds [1] - Investors will be able to open accounts, subscribe, and redeem the mentioned open-end funds at Ningbo Bank starting from August 20, 2025 [1] - Detailed information about the funds can be obtained by reading the fund contracts, prospectuses, and related legal documents [1] Applicable Funds - The specific funds applicable under this agreement are not listed in the announcement [1] Business Commencement Date - The business operations for the open-end funds at Ningbo Bank will commence on August 20, 2025 [1] Important Notes - Investors are advised to carefully read the fund's legal documents to understand the risks and characteristics associated with the funds [1] Contact Information - Investors can consult for more details through Ningbo Bank's website and customer service, as well as Hai Futong Fund Management Co., Ltd.'s official channels [1]

Core Viewpoint - The announcement details a partnership between Guohai Franklin Fund Management Co., Ltd. and Shanghai Zhongou Wealth Fund Sales Co., Ltd. for the sale of open-end mutual funds starting from August 8, 2025, including the launch of a regular investment plan [1] Group 1: Fund Sales Agreement - Guohai Franklin Fund Management has signed an agreement with Zhongou Wealth to sell certain open-end mutual funds and initiate regular investment services [1] - The specific funds and services to be offered are outlined in a table, which includes details on minimum investment amounts [1] Group 2: Regular Investment Business - Investors can apply for a regular investment plan with Zhongou Wealth, agreeing on a fixed investment amount for each period, which serves as the subscription amount [1] - The minimum subscription amount for the regular investment plan is specified, but if Zhongou Wealth sets a higher minimum, that amount will apply [1] - The rules and procedures for the regular investment business will follow the latest product documentation and the company's management rules [1] Group 3: Important Information - The announcement states that the interpretation rights belong to Guohai Franklin Fund Management [2] - Investors are encouraged to read the relevant fund contracts, prospectuses, and product summaries for detailed information [2] - Specific investor eligibility, processing platforms, and procedures must comply with the regulations of the sales agency [3]

Group 1 - The core point of the announcement is that from July 28, 2025, Industrial and Commercial Bank of China (ICBC) will act as an agent for the sale of certain open-end mutual funds managed by Guohai Franklin Fund Management Co., Ltd [1] - The announcement includes a table detailing the specific funds and services that will be offered through ICBC [1] - The company emphasizes that investors should read the relevant fund contracts, prospectuses, and product summaries for detailed information [1] Group 2 - The announcement states that the company retains the right to interpret the announcement [1] - Investors are encouraged to consult ICBC or Guohai Franklin Fund Management Co., Ltd for further details [2][3]