Group 1: Award Winners - The "Golden Bull Fund Management Company Award" was awarded to several companies including Dachen Fund Management Co., Ltd., Huatai-PB Fund Management Co., Ltd., and ICBC Credit Suisse Fund Management Co., Ltd. [1] - The "Active Equity Investment Golden Bull Fund Company Award" was given to Dachen Fund Management Co., Ltd., Huashang Fund Management Co., Ltd., and Guohai Franklin Fund Management Co., Ltd. [1] - The "Fixed Income Investment Golden Bull Fund Company Award" was awarded to Industrial Bank Fund Management Co., Ltd. and China Life Asset Management Co., Ltd. [1] Group 2: Continuous Excellence Awards - The "Continuous Excellence Golden Bull Fund" for seven-year open-end stock type was awarded to Dachen Gaoxin Stock Fund [1] - The "Continuous Excellence Golden Bull Fund" for five-year open-end stock type included Penghua Preferred Value Stock and Invesco Great Wall Growth Star Stock [2] - The "Continuous Excellence Golden Bull Fund" for seven-year open-end mixed type included Wanjiar Zhenxuan Mixed and Jiao Yin Trend Mixed [2] Group 3: Bond Fund Awards - The "Continuous Excellence Golden Bull Fund" for five-year open-end bond type included Penghua Fenglu Bond and Yinhua Credit Quarterly Bond [3] - The "Continuous Excellence Golden Bull Fund" for seven-year open-end bond type included Zhongyou Ruixin Enhanced Bond and Bank of China Zhaoli Bond [3]

Core Viewpoint - In the 2025 Golden Bull Awards, Invesco Great Wall Fund won three prestigious awards, highlighting its strong performance in active equity investment and long-term results of its products [1][6]. Group 1: Awards and Recognition - Invesco Great Wall Fund was awarded "Active Equity Bull Fund Company," marking the third time it has received this accolade [1][7]. - The fund's products, Invesco Great Wall Strategy Select Flexible Allocation Mixed Fund and Invesco Great Wall Growth Star Stock Fund, received awards for "Seven-Year Open Mixed Continuous Excellence Bull Fund" and "Five-Year Open Stock Continuous Excellence Bull Fund," respectively [1][6]. Group 2: Evaluation Criteria Changes - The Golden Bull Awards introduced three major changes in evaluation criteria, focusing on long-term performance, a three-dimensional evaluation system emphasizing investor experience, and promoting stability in behavior and functionality [1][6][7]. - The awards reflect a shift from prioritizing scale to emphasizing returns and strengthening the alignment of interests with investors [1][6]. Group 3: Company Philosophy and Strategy - Since its establishment in 2002, Invesco Great Wall Fund has been recognized for its active equity investment approach, aiming to be a leading multi-asset management expert [2][7]. - The company adheres to a long-term investment philosophy, emphasizing a stable and diverse investment research team and a unique investment review system to ensure consistent investment styles and behaviors [2][7]. Group 4: Fund Performance - The Invesco Great Wall Strategy Select Flexible Allocation Mixed Fund, managed by Zhang Jing, achieved a total return of 345.78% since October 2014, significantly outperforming its benchmark [3][8]. - The Invesco Great Wall Growth Star Stock Fund, managed by Zhou Hanying, recorded a total return of 90.74% since May 2020, with a maximum drawdown of -26.57%, demonstrating effective risk management [3][9].

Core Insights - In December 2025, China Fund Industry's Golden Bull Awards recognized Invesco Great Wall Fund for its strong performance in active equity investment, winning three major awards, including "Active Equity Investment Golden Bull Fund Company" for the third time [1] - The awards reflect a shift in evaluation criteria towards long-term performance, emphasizing investor satisfaction and stable behavior, moving from a focus on scale to returns [1] Company Achievements - Invesco Great Wall Fund has been known for its active equity investment since its establishment in 2002, aiming to be a leading multi-asset management expert in stock investment [2] - The company maintains a unique investment review system and a long-term performance evaluation mechanism, ensuring stability and consistency in investment styles and behaviors [2] Fund Performance - The award-winning Invesco Great Wall Strategy Select Flexible Allocation Mixed Fund, managed by Zhang Jing, achieved a total return of 345.78% since October 2014, significantly outperforming its benchmark [3] - The Invesco Great Wall Growth Star Stock Fund, managed by Zhou Hanying, recorded a total return of 90.74% since May 2020, also exceeding its benchmark, while maintaining a maximum drawdown of -26.57% during a volatile market period [3] Future Outlook - The recognition from the Golden Bull Awards underscores the long-term research and investment capabilities of the company and its fund managers, reflecting the trust and support from investors [3][4] - The company plans to continue strengthening its research capabilities and adhere to a long-term investment philosophy to provide better returns and quality service to investors [4]

Group 1 - The awards recognize outstanding fund management companies in various categories, including active equity investment, fixed income investment, global allocation, and passive investment [1] - Notable winners of the Active Equity Investment Bull Fund Company Award include Dachen Fund Management Co., Ltd. and Huashang Fund Management Co., Ltd. [1] - The Fixed Income Investment Bull Fund Company Award was awarded to Xinyi Fund Management Co., Ltd. and Guoshou Anbao Fund Management Co., Ltd. [1] Group 2 - The Long-term Return Bull Award was given to Dachen Fund Management Co., Ltd. and Guohai Franklin Fund Management Co., Ltd. [1] - The Seven-Year Open-End Stock Type Continuous Excellence Bull Fund includes Dachen Gaoxin Stock and CMB Quantitative Selected Stock Initiation Fund [1] - The Five-Year Open-End Mixed Type Continuous Excellence Bull Fund includes Dachen Innovation Growth Mixed (LOF) and other notable funds [2]