Core Viewpoint - The report of Southwest Securities' cash management collective asset management plan for Q3 2025 was disclosed on October 27, 2025, on the company's website and the China Securities Regulatory Commission's fund electronic disclosure website [1] Group 1 - The management of the collective plan commits to managing and utilizing the assets with principles of honesty, credit, and diligence [1] - The collective plan does not guarantee profits or minimum returns, emphasizing the importance of understanding the risk-return characteristics before making investment decisions [1]

Group 1 - The announcement indicates that the "Southwest Securities Double Happiness Incremental Collective Asset Management Plan" has been changed, with the distribution of earnings credited to accounts on August 15, 2025, and available for use from August 18, 2025 [1] - The collective plan uses a method of estimating the yield daily, which may differ from the actual distribution yield on the dividend date due to the way bank deposits are valued [1] - Investors who purchase shares of the collective plan on the same day will have distribution rights starting from the next working day, while those who redeem shares on the same day will not have distribution rights [1] Group 2 - The collective plan pays out earnings monthly, and if an investor's cumulative actual undistributed earnings are positive, cash earnings will be paid; if zero, no payment will be made; if negative, the corresponding shares will be reduced [1] - The management will ensure the smooth operation of the collective plan through an internal emergency mechanism if the remaining shares are insufficient for deduction [1] - Investors can access relevant information through the Southwest Securities website and customer service hotline [1]

Group 1 - The announcement regarding the "Southwest Securities Double Happiness Incremental Cash Management Collective Asset Management Plan" was made on July 18, 2025, with the distribution of earnings occurring on July 17, 2025, and becoming available from July 18, 2025 [2] - The collective plan is a transformation from the "Southwest Securities Double Happiness Incremental Collective Asset Management Plan" [2] - The plan utilizes a method of estimating daily returns for valuation, which may differ from the actual returns on the distribution date due to the way bank deposits are valued [3] Group 2 - Investors who purchase shares of the collective plan on the same day will have their rights to distribution effective from the next working day, while those redeeming shares on the same day will not have distribution rights until the next working day [3] - The plan pays out earnings monthly, and if an investor's cumulative actual undistributed earnings are positive, cash earnings will be paid; if zero, no payment will be made; if negative, the corresponding shares will be reduced [3] - Investors can access information through the company's website and customer service hotline [3]

Core Viewpoint - The announcement details the distribution of earnings for the Southwest Securities Double Happiness Incremental Cash Management Collective Asset Management Plan, which was transformed from the previous collective plan and is set to distribute earnings starting April 21, 2025 [1]. Group 1: Announcement Information - The earnings distribution for the collective plan was credited to accounts on April 18, 2025, and will be available for use from April 21, 2025 [1]. - The collective plan is managed under the principles of honesty, credit, and diligence, but it does not guarantee profits or minimum returns [1]. Group 2: Earnings Payment Related Information - The collective plan uses an estimated yield calculation method for daily valuation, which may differ from the actual earnings on the distribution date due to the way bank deposits are valued [2]. - Investors who purchase shares of the collective plan on the same day will have distribution rights starting the next working day, while those who redeem shares on the same day will not have distribution rights [2]. - Earnings are paid monthly, and if an investor's cumulative actual undistributed earnings are positive, cash earnings will be paid; if zero, no payment will be made; if negative, the corresponding shares will be reduced [2].