Caitong Securities Asset Management: All public offering products in the direct sales channel are exempt from subscription fees.

On February 24, Caitong Securities Asset Management announced that starting immediately, when processing subscription transactions for its public mutual funds through its direct sales channels, no subscription fees will be charged, including for conversions, transfers, and periodic investments. In accordance with the "Regulations on Sales Expenses of Publicly Offered Securities Investment Funds" implemented on January 1, 2026, the reform direction of waiving subscription fees for A-class shares and waiving sales service fees for C-class shares is being widely implemented in public direct sales channels. New funds have fully implemented this, and existing funds are gradually being adjusted. According to sources, earlier, Huaan Global Funds also announced that starting on January 26, front-end subscription fees would be waived for direct sales channels, and starting on January 28, back-end purchase fees would also be waived when redeeming fund shares through direct sales channels. Industry insiders pointed out that the reform of mutual fund fees has accelerated since the new year, effectively saving investors money while driving the industry towards high-quality development. Public fund managers should focus on providing investors with higher quality and more diverse financial services in order to win market share.