What is Kaiyuan Fund?

3. Fund Overview ◇Wanguo Evaluation Production: Update Time: 2006-08-25◇

Legal Name: Kaiyuan Securities Investment Fund

Issue Date: 1998 -03-23

Listing date: 1998-04-07

Sponsors: Southern Securities Co., Ltd., Guangxi Trust Investment Company, Xiamen International Trust Investment Company

Custodian: Industrial and Commercial Bank of China

Recommender: Southern Securities

Manager: Southern Fund Management Co., Ltd.

Manager’s legal representative: Wu Wanshan

Manager’s registration and office address: 7th Floor, Investment Building, No. 4009 Shennan Avenue, Shenzhen

Manager’s phone number: 0755-82912000

Fund type: Contractual closed Formula

Duration: 15

Issue price: 1.01

Listing opening price: 1.37

Currently employed accounting firm: Deloitte Touche Tohmatsu Yong Accounting Firm

——————————————————————————————————

◆ Fund Manager◆

Manager introduction: Southern Fund Management Co., Ltd. was approved by the China Securities Regulatory Commission Securities Regulatory Commission [1998] No. 4

It is a joint venture between Southern Securities Co., Ltd. and Xiamen International Guangxi Trust Investment Company and Guangxi Trust Investment Company *** jointly initiated the establishment. The registered capital is RMB 100 million. The current equity structure is: Huatai Securities Co., Ltd. 45%, Shenzhen Airport Co., Ltd. 30%, Xiamen International Trust and Investment Company 15% and Industrial Securities Co., Ltd. 10%.

Nanfang Fund Management Co., Ltd. currently manages assets of about 68 billion yuan, and manages

4 closed-end funds: Fund Kaiyuan, Fund Tianyuan, Fund Jinyuan, and Fund

Longyuan, the six open-end funds are Southern Stable Growth Fund, Southern Baoyuan Bond

Bond Fund, Southern Hedging Value-added Fund, Southern Cash Profit Increase Fund, Southern Active

Allocation Fund, Southern High Growth Fund; and the investment portfolio of the National Social Security Fund

——————————————————————————————————

Fund Manager: Wang Cheng Ms., born in 1974, graduated from Chapman University in the United States.

Received a master's degree in business administration and has 4 years of experience in the securities industry. In 1998, he joined Southern

Fund Management Co., Ltd. and was engaged in the development of new fund varieties, market

analysis and research, etc., and later served as the assistant of Longyuan Fund and the manager of Longyuan Fund

, Jinyuan Fund Manager, Kaiyuan Fund Manager and other positions. (06.03.16 Announcement)