S&P 500 ETF Cathay: Reminder of Premium Risks on Secondary Market Trading Prices

Guotai Fund announced that its S&P 500 ETF's secondary market trading price is significantly higher than the reference net asset value of the fund shares, resulting in a substantial premium. On July 31, the closing price of the fund in the secondary market was 1.976 yuan, while the reference net asset value of the fund shares at market close was 1.8721 yuan. If the premium does not effectively decrease by August 3, the fund reserves the right to apply for measures such as suspension of trading. Investors are reminded to pay attention to risks and to invest cautiously.