Core Viewpoint - Penghua Fund Management Company announced the addition of E-class fund shares for the Penghua Chuangxing增利债券型证券投资基金, effective from November 20, 2025, along with updates to the fund management information and corresponding modifications to the fund contract and custody agreement [1][3]. Group 1: E-Class Fund Shares - The E-class fund shares will have a separate fund code (E-class fund share code: 026080) and will apply the same management and custody fee rates as existing fund shares, with no sales service fee charged [1]. - The redemption fee structure for E-class fund shares is as follows: 1.50% for investors holding for less than 7 days, 0.50% for those holding between 7 and 30 days, and no fee for those holding for 30 days or more. The redemption fees for holdings of less than 7 days will be fully allocated to the fund property, while 25% of the total redemption fees for longer holdings will be allocated to the fund property [1]. Group 2: Fund Contract and Custody Agreement Modifications - The modifications to the fund contract and custody agreement are made to ensure compliance with legal and regulatory requirements and do not require a meeting of fund shareholders for approval, as they do not adversely affect the interests of existing shareholders [3]. - The revised fund contract will take effect on the next working day following the announcement, which is November 20, 2025, and the fund management company will update the prospectus and related documents accordingly [3][4]. Group 3: Investor Information - Investors can consult relevant information through the Penghua Fund Management Company's website or customer service hotline [4]. - The announcement specifically addresses the addition of E-class fund shares and updates to the fund management information, encouraging investors to read the updated fund contract and prospectus for detailed information [4].

Fund Overview - The fund is named Penghua CSI Livestock Breeding ETF, managed by Penghua Fund Management Co., Ltd. and custodied by Huatai Securities Co., Ltd. [2] - The fund aims to closely track the CSI Livestock Breeding Index, with a target of keeping the average tracking deviation within 0.2% daily and annual tracking error within 2% [2][3] - As of June 30, 2025, the total fund shares amounted to 910,143,594 [2] Financial Performance - The fund reported a realized loss of approximately 10.12 million RMB and a profit of approximately 34.83 million RMB for the reporting period [3] - The net asset value of the fund at the end of the reporting period was approximately 552.17 million RMB, with a net asset value per share of 0.6067 RMB [3][15] - The cumulative net value growth rate of the fund was -39.33% since the fund's inception [3][4] Investment Strategy - The fund employs a passive index investment strategy, constructing an investment portfolio based on the benchmark weights of the index constituents [9] - Adjustments to the investment portfolio will be made in response to changes in the index constituents or due to market conditions affecting liquidity [9][10] - The fund also utilizes stock index futures for hedging systemic risks and improving investment efficiency [2][9] Market Context - The CSI Livestock Breeding Index increased by 3.79% during the reporting period, outperforming the Shanghai Composite Index, which rose by 2.76% [8][9] - The livestock sector has shown signs of recovery, particularly in pig prices, which fluctuated between 14 to 15 RMB per kilogram, with expectations for further price increases in the second half of the year [9][10] - The overall economic environment remains challenging, with GDP growth at 5.3% but low CPI and PPI figures indicating weak market sentiment [10][11] Management and Governance - Penghua Fund Management Co., Ltd. has been operational since December 22, 1998, managing assets totaling approximately 1.25 trillion RMB across various funds [5] - The fund manager, Chen Long, has 16 years of experience in the securities industry and has been managing this fund since its inception [5][6] - The fund management adheres to strict compliance with regulations and has established a fair trading system to ensure equitable treatment of different investment portfolios [7][14]