Core Viewpoint - The China Securities Index of State-Owned Enterprises Dividend (CSI State-Owned Enterprises Dividend Index) shows a slight increase of 0.27% to 2079.1 points, with a trading volume of 39.736 billion yuan, despite a decline of 0.93% over the past month and a year-to-date drop of 2.69% [1] Group 1: Index Performance - The CSI State-Owned Enterprises Dividend Index has decreased by 0.93% in the last month, increased by 0.25% in the last three months, and has fallen by 2.69% year-to-date [1] - The index is based on 100 listed companies selected for their high cash dividend yield, stable dividends, and certain scale and liquidity, reflecting the overall performance of high-dividend securities among state-owned enterprises [1] Group 2: Index Holdings - The top ten weighted stocks in the CSI State-Owned Enterprises Dividend Index include: COSCO Shipping Holdings (2.66%), Jizhong Energy (2.06%), Lu'an Environmental Energy (1.53%), Shanxi Coking Coal (1.5%), Shanxi Coal International (1.5%), Hengyuan Coal Power (1.41%), Xiamen International Trade (1.35%), Jianfa Co. (1.29%), Shaanxi Coal and Chemical Industry (1.28%), and Shanghai Bank (1.27%) [1] - The index's holdings are primarily listed on the Shanghai Stock Exchange (83.20%) and the Shenzhen Stock Exchange (16.80%) [1] Group 3: Industry Composition - The industry composition of the index holdings is as follows: Finance (28.10%), Industry (24.84%), Energy (21.72%), Materials (8.08%), Communication Services (6.47%), Real Estate (3.88%), Consumer Discretionary (3.53%), Utilities (1.77%), and Consumer Staples (1.60%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Criteria for sample retention include: actual control by state-owned entities, cash dividend yield greater than 0.5% in the past year, average market capitalization ranking in the top 90% of the CSI All Share Index, and average dividend payout ratio over the past three years being greater than 0 and less than 1 [3] - Adjustments to the sample weight factors occur simultaneously with the sample adjustments, and temporary adjustments can be made under special circumstances [3] Group 5: Related Funds - Public funds tracking the CSI State-Owned Enterprises Dividend Index include: Western Li De State-Owned Enterprises Dividend Index Enhanced C, Pengyang CSI State-Owned Enterprises Dividend Linked A, Pengyang CSI State-Owned Enterprises Dividend Linked C, Hua'an CSI State-Owned Enterprises Dividend Linked A, Hua'an CSI State-Owned Enterprises Dividend Linked C, Pengyang CSI State-Owned Enterprises Dividend ETF, Western Li De State-Owned Enterprises Dividend Index Enhanced A, and Hua'an CSI State-Owned Enterprises Dividend ETF [4]

Core Viewpoint - The China Securities State-Owned Enterprises Dividend Index (国企红利指数) has shown fluctuations, with a recent decline of 0.66% despite a monthly increase of 4.02% and a year-to-date decrease of 1.10% [1][2]. Index Performance - The China Securities State-Owned Enterprises Dividend Index is composed of 100 listed companies selected for their high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend securities among state-owned enterprises [2]. - The index was established on June 30, 2009, with a base value of 1000.0 points [2]. Index Holdings - The top ten weighted stocks in the index include: - COSCO Shipping Holdings (中远海控) - 2.82% - Jizhong Energy (冀中能源) - 2.14% - Chengdu Bank (成都银行) - 1.48% - Chongqing Rural Commercial Bank (渝农商行) - 1.46% - Shanghai Rural Commercial Bank (沪农商行) - 1.44% - Shanghai Bank (上海银行) - 1.37% - Industrial Bank (兴业银行) - 1.36% - Sichuan Road & Bridge (四川路桥) - 1.3% - Jiangsu Bank (江苏银行) - 1.3% - China Shenhua Energy (中国神华) - 1.26% [2]. Market Composition - The index's holdings are primarily listed on the Shanghai Stock Exchange (83.24%) and the Shenzhen Stock Exchange (16.76%) [2]. - The industry composition of the index includes: - Financials - 29.79% - Industrials - 25.98% - Energy - 18.99% - Materials - 8.79% - Communication Services - 5.23% - Consumer Discretionary - 3.71% - Real Estate - 3.61% - Utilities - 3.14% - Consumer Staples - 0.76% [2]. Sample Adjustment Criteria - The index samples are adjusted biannually, with criteria including: - Control by state-owned entities - Cash dividend yield greater than 0.5% over the past year - Average market capitalization and trading volume ranking within the top 90% of the China Securities Index [3]. - Adjustments are limited to a maximum of 20% unless specific conditions are met [3]. Related Funds - Public funds tracking the state-owned enterprise dividend index include: - Western Li De State-Owned Enterprise Dividend Index Enhanced C - Pengyang China Securities State-Owned Enterprise Dividend Link A & C - Huaan China Securities State-Owned Enterprise Dividend Link A & C - Pengyang China Securities State-Owned Enterprise Dividend ETF - Western Li De State-Owned Enterprise Dividend Index Enhanced A - Huaan China Securities State-Owned Enterprise Dividend ETF [4].