Core Viewpoint - Dongcai Fund Management Co., Ltd. is participating in a fee discount activity for fund subscription and purchase through Aijian Securities to better meet investors' financial needs [1]. Group 1: Applicable Time - The fee discount period is subject to the announcement by Aijian Securities [1]. Group 2: Applicable Fund Range - The fee discount activity applies to fund products sold by Dongcai Fund through Aijian Securities from the date the fund is available for sale [2]. Group 3: Fee Discount Plan - During the fee discount period, there are no discount limits on subscription and purchase fees for investors through Aijian Securities, with specific discount rates to be announced by Aijian Securities [3]. Group 4: Applicable Investors - The fee discount is available to investors who subscribe or purchase the aforementioned funds through Aijian Securities [4]. Group 5: Important Notes - Detailed information about the funds and original fee rates can be found in the relevant legal documents and announcements from the company [5][6]. - Any changes to the fee discount plan and applicable time will be based on the latest announcements from Aijian Securities [5]. Group 6: Contact Information - Investors can consult details through Dongcai Fund Management Co., Ltd. or Aijian Securities via their respective customer service numbers and websites [7][10].

Core Viewpoint - Tibet Dongcai Fund Management Co., Ltd. announced the suspension of large-scale subscription (including conversion and regular investment) for the Tibet Dongcai North Securities 50 Index Fund starting from August 19, 2025, to ensure stable fund operations and protect the interests of fund shareholders [1] Summary by Category Fund Operations - The fund will suspend large-scale subscriptions, including conversion and regular investment, with a subscription and conversion limit set at 100,000 yuan [1] - The announcement aims to maintain the smooth operation of the fund and safeguard the interests of its shareholders [1] Fund Details - The affected funds include: - Dongcai North Securities 50 Index Initiated A (Code: 020828) - Dongcai North Securities 50 Index Initiated C (Code: 020829) [1]

Group 1 - The Beijing Stock Exchange (BSE) is experiencing a strong market performance, with the BSE 50 Index surpassing the 1500-point mark, indicating a significant upward trend [1] - Institutional investors are increasingly attracted to the BSE due to its unique market position and the scarcity of listed companies, leading to a rise in public fund allocations [1] - In the first quarter, 72 funds included BSE companies in their top ten holdings, with a notable increase in both the number and scale of funds focusing on the BSE market [2] Group 2 - The total scale of BSE-themed funds has exceeded 13 billion yuan, with both active and passive funds showing a preference for companies with low valuations and strong growth potential [2] - The BSE 50 Index fund reached a scale of 9.26 billion yuan, increasing by 1.48 billion yuan from the previous quarter [2] - Several BSE-themed funds have adjusted their subscription and redemption plans to manage scale and mitigate risks associated with heavy stock positions [4] Group 3 - New BSE-themed funds are still being launched, allowing ordinary investors to participate in BSE investments, with the Dachen BSE 50 Index fund set to be issued from May 19 to May 23 [5] - The Dachen fund aims to replicate the index with a management fee of 0.5% and a custody fee of 0.1% [5]

Core Viewpoint - The recent resurgence of the Beijing Stock Exchange (BSE) has led several fund companies to implement large purchase restrictions on their North China 50 Index funds to manage investor demand [1][2]. Fund Purchase Restrictions - On May 14, Xizang Dongcai Fund announced that its North China 50 Index fund would limit daily purchases, conversions, and regular investment amounts to a maximum of 200,000 yuan per account [2][4]. - The fund's total share limit is set at 500 million shares, effective from November 6, 2024, with a "proportional confirmation" principle for controlling total scale [6]. Fund Performance - As of the end of Q1 this year, the total scale of the Xizang Dongcai North China 50 Index fund was 782 million yuan, with 473 million shares outstanding [7]. - The North China 50 Index has seen a year-to-date increase of nearly 37%, with a rebound of approximately 15% since April 7 [9]. - Among the North China-themed funds, 11 funds have reported net value growth rates exceeding 25%, with six products achieving returns over 38% [9]. Market Outlook - Analysts express a cautiously optimistic view on the long-term investment value of many companies within the BSE, suggesting a proactive approach to positioning in the current market environment [10]. - There is a recommendation to be cautious of potential valuation fluctuations in the BSE, advocating for low-valuation configurations to mitigate risks and secure some profits [11].