S&P 500 ETF: Warning of premium market trading price risk

Guotai Fund announced that the trading price of its Guotai S&P 500 Exchange Traded Open-End Index Securities Investment Fund in the secondary market is significantly higher than the net asset value of the fund units, resulting in a large premium. Investors may suffer significant losses if they blindly invest. If the premium does not effectively decrease, the fund may take measures such as temporarily suspending trading during market hours. The fund has suspended new subscriptions as of November 3, 2025. The trading price in the secondary market is affected by various factors, which may result in losses for investors. Currently, the fund is operating normally and there is no significant undisclosed information that should be disclosed.