Xinhua Fund's response to being summoned for a discussion by the Central Bank

On April 3, the Chongqing branch of the People's Bank of China held talks with New China Fund Management Co., Ltd. about the quality of statistical data. In response to the issues of many errors in the data submission by New China Fund and insufficient improvement after the talks, the Chongqing branch of the People's Bank of China demanded that the company improve its political position, strengthen its responsibility for improvement, enhance the management of the quality of source data, and effectively carry out financial statistical data submission work. In response to the talks, New China Fund stated that it highly values and sincerely accepts the regulatory talks, and will resolutely implement the regulatory requirements. The company has conducted a thorough self-examination and reflection on the relevant issues, comprehensively reviewed the entire process of data submission, identified responsibilities and deadlines for improvement, accelerated the improvement work in source data quality control and submission process optimization, to ensure strict compliance with the submission of financial statistical data. Next, New China Fund will continue to strengthen its awareness of compliance in operation, tighten internal management responsibilities, continuously improve the quality and standardization of financial statistical data submission, fulfill the duties of the public fund industry, and consciously accept supervision from regulatory authorities and the society.