Core Viewpoint - The announcement from China Merchants Fund Management Co., Ltd. indicates adjustments to the large-scale subscription and conversion transfer business for the C and D class shares of the China Merchants Zhaohua Pure Bond Fund, effective from November 13, 2025, to ensure stable fund operations and protect the interests of fund shareholders [1] Summary by Category Fund Adjustment Details - The maximum subscription and conversion transfer amount for C and D class shares will be limited to 1,000,000 yuan [1] - The specific adjustments for the sub-funds are as follows: - China Merchants Zhaohua Pure Qian A (Code: 003448) will have a subscription limit of 100 million yuan [1] - China Merchants Zhaosheng Pure Xin C (Code: 003449) will have a subscription limit of 1,000,000 yuan [1] - China Merchants Zhaosheng Pure Qian D (Code: 023015) will also have a subscription limit of 1,000,000 yuan [1]

Group 1 - The company announced that its public funds participated in the offline subscription of the initial public offering (IPO) of Southern Power Grid Digital Grid Research Institute Co., Ltd. (南网数字) [1] - The IPO price for Southern Power Grid Digital was set at RMB 5.69 per share, determined through a comprehensive consideration of various factors including the issuer's fundamentals and market conditions [1] - The announcement includes details about the allocation of public funds involved in the related party transactions [1] Group 2 - The company decided to suspend large-scale subscriptions (including regular investment) and transfer-in business for Class C and Class D shares of the 招商招华纯债债券型证券投资基金 starting from November 13, 2025, with a limit of RMB 1,000,000 for each [4] - The limit for large-scale subscriptions and transfer-in business for Class A shares remains unchanged at RMB 100,000,000 [5] - The company will continue to process other transactions such as conversions and redemptions during the specified period [5] Group 3 - The company has added Huafu Securities Co., Ltd. as a broker for on-site subscription and redemption services for its funds starting from November 12, 2025 [5]