S&P 500 ETF: Warning of premium risk in secondary market trading prices.

The announcement of the S&P 500 ETF stated that recently, the secondary market trading price of the fund was significantly higher than the net asset value of the fund shares, resulting in a large premium. Investors in the secondary market trading not only face the risk of changes in the net asset value of the fund shares, but also are affected by factors such as market supply and demand, systemic risks, and liquidity. If the premium does not effectively decrease, the fund has the right to apply for a temporary trading halt during trading hours. Currently, the operation of the fund is normal and there is no undisclosed material information. Investors are reminded to invest cautiously and bear the investment risks themselves.