On September 29, the pool of personal pension fund products underwent a significant expansion. Hua'an Qianyu Bond Fund (A: 013650; C: 016728) added a dedicated personal pension Y-class share category (029391), and as one of the first batch of secondary bond funds selected, it is now officially open for subscription.

According to regulatory notices, qualifying secondary bond funds with equity exposure, partial-debt hybrid funds, and other "fixed income plus" products have been formally included in the personal pension fund catalog. With this addition, following pension target FOFs and index funds, the product shelf for personal pension accounts has been further completed.

Y-Class Shares Enjoy Dual Benefits of Lower Fees and Tax Incentives

Y-class shares are a share category established specifically for personal pension investments. Investors can purchase them through their personal pension fund accounts and enjoy dual policy benefits.

First, fee rates are significantly reduced. The Y-class shares of Hua'an Qianyu Bond Fund carry an annual management fee of 0.30% and an annual custody fee of 0.075%, both reduced by 50% compared to ordinary shares (management fee of 0.60% per year, custody fee of 0.15% per year), and no sales service fee is charged. The reduction in fee rates helps pension assets accumulate compound returns over long-term holdings.

Second, tax deferral benefits. Participating in the personal pension program allows individuals to enjoy a tax deduction of up to 12,000 yuan per year during the contribution phase. Upon withdrawal, the personal pension is taxed separately at a rate of 3% for individual income tax. Investors can enjoy corresponding tax benefits while accumulating pension assets.

"Stable Foundation with Moderate Enhancement" Suits Pension Needs

The inclusion of "fixed income plus" products in the personal pension fund catalog means that, following pension target FOFs and index funds, the product shelf for personal pension funds has been further completed. The risk-return characteristics of "fixed income plus" products also align with the needs of pension investment.

On one hand, in the current low interest rate environment, the central level of bond yields continues to shift downward, and the coupon space for pure bond products has narrowed. Moderately allocating equity assets on top of a bond foundation helps broaden the sources of portfolio returns.

On the other hand, the equity market presents both opportunities and volatility. Fixed income plus products use bond assets as the absolute main body, with equity assets accounting for a relatively limited proportion, striving to capture enhanced returns while controlling volatility — neither missing market opportunities nor exposing the portfolio to excessive fluctuations.

This "stable foundation with moderate enhancement" characteristic can well match the long-term appreciation needs of pension funds.

Excess Returns Achieved Across All Periods

Hua'an Qianyu Bond Fund is a typical secondary bond fund "fixed income plus" product, using bond assets as its foundation and supplementing with moderate equity assets to enhance returns. As of June 30, 2026, the A-class shares of the fund achieved net value growth rates of 2.46%, 12.69%, and 17.52% over the past one year, past three years, and since inception, respectively, while the benchmark returns over the same periods were 2.20%, 9.01%, and 9.70%, achieving excess returns in all periods.

Data source: Fund periodic reports, as of June 30, 2026; the above is A-class share data. Historical performance of A-class shares does not represent its future performance, nor does it represent the future performance of Y-class shares.

Behind the performance is a mature investment research platform and collaborative management mechanism. The fund adopts a "1+N" management model: Fund Manager Zou Weina is an asset allocation expert with 18 years of securities industry experience and 11 years of public fund investment experience, overseeing the overall strategy with a macroeconomic perspective; Fund Manager Zheng Weishan has 17 years of securities industry experience and has unique insights into equity asset allocation for "fixed income plus" products; Fund Manager Ni Yiyun is a senior bond trading expert responsible for building a solid defense line for the portfolio.

With "fixed income plus" products included in the personal pension fund catalog, the allocation choices for personal pension accounts have become more diversified. Hua'an Fund will take a long-term approach and continue to provide investors with professional and diversified pension investment solutions.

Note: The annual performance of similar products managed by Zou Weina is listed as follows: Hua'an Qianyu Bond Initiating A was established on March 21, 2022. The net value growth rates (benchmark returns) for 2022 through 2025 and 2026H1 were: 0.72% (-0.58%), 2.85% (0.07%), 6.90% (6.67%), 7.38% (1.97%), -1.17% (1.16%). Former fund managers: Wei Yuanyuan (20220331-20220524), Wei Yuanyuan and Zheng Weishan (20220525-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Wei Yuanyuan, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Qianyu Bond Initiating C was established on September 22, 2022. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.50% (0.07%), 6.53% (6.67%), 7.01% (1.97%), -1.34% (1.16%). Former fund managers: Wei Yuanyuan and Zheng Weishan (20220922-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Zheng Weishan, Zou Weina, and Ni Yiyun (20250604-present). Hua'an Fengxin Bond A/C was established on July 18, 2023. The net value growth rates (benchmark returns) for 2024 through 2025 and 2026H1 were: 6.50%/6.07% (6.06%), 6.88%/6.46% (0.70%), -0.79%/-0.99% (1.43%). Former fund managers: Zou Weina (20230718-20230726), Zou Weina and Zheng Weishan (20230727-20250603), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Fengxin Bond E (024387) was established on May 29, 2025. Former fund managers: Zou Weina and Zheng Weishan (20250529-20250603), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Fengze 6-Month Holding Mixed A/C was established on April 8, 2026, with a benchmark of "ChinaBond Composite Full Price (Total Value) Index return x 87% + CSI 800 Index return x 10% + CSI Hong Kong Stock Connect Composite Index (RMB) return x 3%." As of June 30, 2026, it had been operating for less than six months, so performance is not disclosed. Former fund managers: Zou Weina and Guo Liyan (20260408-present). Hua'an Hongyu 6-Month Holding A/C was established on May 29, 2026. Former fund managers: Zou Weina (20260529-present), Zheng Weishan (20260529-present), Ni Yiyun (20260529-present).

The sales fee rates for similar products managed by Zou Weina are listed as follows: The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (013650) subscription fee rates: social security, pension, enterprise annuity 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.40%; M ≥ 3 million yuan 500 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. No sales service fee is charged. C-class shares (016728) do not charge a subscription fee; the annual sales service fee rate is 0.35%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are both 0.60% and 0.15%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (012231) subscription fee rates: social security, pension, enterprise annuity 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 5 million yuan 0.40%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. No sales service fee is charged. C-class shares (012232) do not charge a subscription fee; the annual sales service fee rate is 0.40%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. E-class shares (024387) do not charge a subscription fee; the annual sales service fee rate is 0.40%; redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. The annual management fee and custody fee rates for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are both 0.60% and 0.12%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengze 6-Month Holding Mixed (A: 026901; C: 026902) are as follows: A-class shares (026901) subscription fee rates: M<5 million yuan 0.50%; M ≥ 5 million yuan 0.00%. No sales service fee is charged. C-class shares (026902) do not charge a subscription fee; the annual sales service fee rate is 0.30%. The fund sets a minimum holding period of 6 months for each fund share; the redemption fee rate is 0.00% from the next business day (inclusive) after the end of the minimum holding period. The annual management fee and custody fee rates for Hua'an Fengze 6-Month Holding Mixed (A: 026901; C: 026902) are both 0.60% and 0.15%.

The subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Hongyu 6-Month Holding (A: 027217; C: 027218) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (027217) subscription fee rates: social security, pension, enterprise annuity: for pension clients subscribing to A-class fund shares through the direct sales institution, the subscription fee rate is 500 yuan per transaction; 0 ≤ M < 10 million yuan 0.0%; M ≥ 10 million yuan 1,000 yuan per transaction. Redemption fee rate: 0.00% from the next business day (inclusive) after the end of the minimum holding period. No sales service fee is charged. C-class shares (027218) do not charge a subscription fee; the annual sales service fee rate is 0.20%; redemption fee rate: 0.00% from the next business day (inclusive) after the end of the minimum holding period. The annual management fee and custody fee rates for Hua'an Hongyu 6-Month Holding (A: 027217; C: 027218) are both 0.60% and 0.15%.

The annual performance of similar products managed by Zheng Weishan is listed as follows: Hua'an Qianyu Bond Initiating A was established on March 21, 2022. The net value growth rates (benchmark returns) for 2022 through 2025 and 2026H1 were: 0.72% (-0.58%), 2.85% (0.07%), 6.90% (6.67%), 7.38% (1.97%), -1.17% (1.16%). Former fund managers: Wei Yuanyuan (20220331-20220524), Wei Yuanyuan and Zheng Weishan (20220525-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Wei Yuanyuan, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Qianyu Bond Initiating C was established on September 22, 2022. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.50% (0.07%), 6.53% (6.67%), 7.01% (1.97%), -1.34% (1.16%). Former fund managers: Wei Yuanyuan and Zheng Weishan (20220922-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Zheng Weishan, Zou Weina, and Ni Yiyun (20250604-present). Hua'an Xinle Xiang Flexible Allocation Mixed A was converted on September 18, 2018, with a benchmark of 60% x CSI 300 Index return + 40% x China Bond Total Index return. The net value growth rates (benchmark returns) for A-class shares from 2019 to 2025 and 2026H1 were: 15.52% (21.41%), 8.63% (16.22%), 1.74% (-1.88%), 0.70% (-13.11%), 3.19% (-6.17%), 5.36% (11.5%), 3.45% (9.55%), 0.04% (4.91%). Former fund managers: He Tao (20150910-20191209), Jiang Qiu (20151126-20210816), Ma Xiaoxuan (20180903-20220516), Zhang Rui (20220516-present), Zheng Weishan (20220525-present). Hua'an Xinle Xiang Flexible Allocation Mixed C was established on June 17, 2021, with a benchmark of 60% x CSI 300 Index return + 40% x China Bond Total Index return. The net value growth rates (benchmark returns) for C-class shares from 2021 to 2025 and 2026H1 were: 8.24% (-0.85%), 0.64% (-13.11%), 3.11% (-6.17%), 5.26% (11.5%), 3.35% (9.55%), -0.01% (4.91%). Former fund managers: Jiang Qiu (20210617-20210816), Ma Xiaoxuan (20210617-20220516), Zhang Rui (20220516-present), Zheng Weishan (20220525-present). Hua'an Enhanced Return Bond A/B was established on April 13, 2009. The net value growth rates (benchmark returns) for 2020 through 2025 and 2026H1 were: 8.29%/7.72% (0.49%), 6.41%/6.04% (3.30%), -7.04%/-7.48% (0.07%), 1.99%/1.66% (1.99%), 11.41%/10.96% (5.88%), 19.88%/19.42% (-1.50%), -5.59%/-5.78% (-0.05%). Former fund managers: Huang Qin and Zhou Liping (20090413-20101206), Huang Qin (20101207-20110718), Huang Qin and Su Yuping (20110719-20121019), Su Yuping (20121020-20220915), Zheng Weishan (20220916-present). Hua'an Fengyue A/C was established on August 23, 2022. The net value growth rates (benchmark returns) for A/C shares from 2023 to 2025 and 2026H1 were: 1.08%/0.72% (0.77%), 5.48%/5.12% (6.04%), 3.79%/3.43% (0.7%), -0.45%/-0.62% (1.43%). Former fund managers: Wu Wenming (20220823-present), Zheng Weishan (20230323-present). Hua'an Fengxin Bond A/C was established on July 18, 2023. The net value growth rates (benchmark returns) for 2024 through 2025 and 2026H1 were: 6.50%/6.07% (6.06%), 6.88%/6.46% (0.70%), -0.79%/-0.99% (1.43%). Former fund managers: Zou Weina (20230718-20230726), Zou Weina and Zheng Weishan (20230727-20250603), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Fengxin Bond E (024387) was established on May 29, 2025. Former fund managers: Zou Weina and Zheng Weishan (20250529-20250603), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Fengtai A/C was established on November 25, 2025. Having operated for less than six months from inception to the end of 2025, performance is not disclosed. The net value growth rates (benchmark returns) for 2026H1 were -0.63%/-0.78% (1.61%). Former fund managers: Wu Wenming (20251125-present), Zheng Weishan (20251208-present). Hua'an Hongyu 6-Month Holding A/C was established on May 29, 2026. Former fund managers: Zou Weina (20260529-present), Zheng Weishan (20260529-present), Ni Yiyun (20260529-present).

The sales fee rates for similar products managed by Zheng Weishan are listed as follows: The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (013650) subscription fee rates: social security, pension, enterprise annuity 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.40%; M ≥ 3 million yuan 500 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. No sales service fee is charged. C-class shares (016728) do not charge a subscription fee; the annual sales service fee rate is 0.35%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are both 0.60% and 0.15%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Xinle Xiang Flexible Allocation Mixed (A: 001800; C: 012660) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (001800) subscription fee rates: social security, pension, enterprise annuity: 500 yuan per transaction for pension clients; M<1 million yuan 1.20%; 1 million yuan ≤ M < 3 million yuan 0.80%; 3 million yuan ≤ M < 5 million yuan 0.40%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.75%; 30 days ≤ N < 180 days 0.5%; N ≥ 180 days 0.00%. No sales service fee is charged. C-class shares (012660) do not charge a subscription fee; the annual sales service fee rate is 0.10%; redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.5%; N ≥ 30 days 0.00%. The annual management fee and custody fee rates for Hua'an Xinle Xiang Flexible Allocation Mixed (A: 001800; C: 012660) are both 0.60% and 0.15%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Enhanced Return Bond (A: 040012; B: 040013) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (040012) subscription fee rates: social security, pension, enterprise annuity 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.50%; 3 million yuan ≤ M < 5 million yuan 0.30%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 365 days 0.1%; 1 year ≤ N < 2 years 0.05%; N ≥ 2 years 0%. No sales service fee is charged. B-class shares (040013) do not charge a subscription fee; the annual sales service fee rate is 0.40%; redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 60 days 0.3%; N ≥ 60 days 0%. The annual management fee and custody fee rates for Hua'an Enhanced Return Bond (A: 040012; B: 040013) are both 0.70% and 0.20%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengyue Bond (A: 016142; C: 016143) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (016142) subscription fee rates: social security, pension, enterprise annuity 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 5 million yuan 0.40%; M ≥ 5 million yuan 1,000 yuan per transaction. No sales service fee is charged. C-class shares (016143) do not charge a subscription fee; the annual sales service fee rate is 0.35%. Redemption fee rates for both A/C shares: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. The annual management fee and custody fee rates for Hua'an Fengyue Bond (A: 016142; C: 016143) are both 0.60% and 0.15%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (012231) subscription fee rates: for pension clients subscribing to A-class fund shares through the direct sales institution, the subscription fee rate is 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 5 million yuan 0.40%; M ≥ 5 million yuan 1,000 yuan per transaction. No sales service fee is charged. C-class shares (012232) do not charge a subscription fee; the annual sales service fee rate is 0.40%. E-class shares (024387) do not charge a subscription fee; the annual sales service fee rate is 0.40%. Redemption fee rates for A/C shares: N<7 days 1.50%; N ≥ 7 days 0.00%. E-class shares (024387) redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. The annual management fee and custody fee rates for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are both 0.60% and 0.12%.

The subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengtai (A: 025260; C: 025261) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (025260) subscription fee rates: social security, pension, enterprise annuity: for pension clients subscribing to A-class fund shares through the direct sales institution, the subscription fee rate is 500 yuan per transaction; M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.50%; 3 million yuan ≤ M < 5 million yuan 0.30%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. No sales service fee is charged. C-class shares (025261) do not charge a subscription fee; the annual sales service fee rate is 0.30%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Fengtai (A: 025260; C: 025261) are both 0.50% and 0.10%.

The subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Hongyu 6-Month Holding (A: 027217; C: 027218) are as follows (fee discounts are subject to the displaying sales institution; M/N refer to amount/holding period respectively): A-class shares (027217) subscription fee rates: social security, pension, enterprise annuity: for pension clients subscribing to A-class fund shares through the direct sales institution, the subscription fee rate is 500 yuan per transaction; 0 ≤ M < 10 million yuan 0.0%; M ≥ 10 million yuan 1,000 yuan per transaction. Redemption fee rate: 0.00% from the next business day (inclusive) after the end of the minimum holding period. No sales service fee is charged. C-class shares (027218) do not charge a subscription fee; the annual sales service fee rate is 0.20%; redemption fee rate: 0.00% from the next business day (inclusive) after the end of the minimum holding period. The annual management fee and custody fee rates for Hua'an Hongyu 6-Month Holding (A: 027217; C: 027218) are both 0.60% and 0.15%.

The annual performance of similar products managed by Ni Yiyun is listed as follows: Hua'an Tianshun Bond (014785) was established on August 11, 2022, with a benchmark of "ChinaBond Composite Full Price Index return x 90% + 1-year time deposit rate (after tax) x 10%." 2022 was the year of establishment (operating for less than six months), so 2022 performance is not disclosed. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.55% (2.01%), 4.93% (4.62%), 1.46% (-1.28%), 1.92% (0.90%). Former fund managers: Wei Yuanyuan (20220811-20230402), Wei Yuanyuan and Li Zhenyu (20230403-20240201), Li Zhenyu (20240202-20250603), Li Zhenyu and Ni Yiyun (20250604-present). Hua'an Anpu Bond A (006337) was established on September 6, 2018, with a benchmark of "ChinaBond Composite Full Price Index return x 90% + 1-year time deposit rate (after tax) x 10%." The net value growth rates (benchmark returns) for 2021 through 2025 and 2026H1 were: 3.81% (2.04%), 2.91% (0.60%), 5.16% (2.00%), 4.78% (4.62%), 1.44% (-1.28%), 1.70% (0.90%). Former fund managers: Sun Lina (20180906-20210307), Zhou Shuzhan (20210308-20221124), Li Zhenyu (20221125-20250603), Li Zhenyu and Ni Yiyun (20250604-present). Hua'an Anpu Bond C (006338) was established on September 6, 2018. The net value growth rates (benchmark returns) for 2021 through 2025 and 2026H1 were: 3.69% (2.04%), -5.36% (0.60%), 5.06% (2.00%), 4.67% (4.62%), 1.34% (-1.28%), 1.64% (0.90%). Former fund managers are the same as A-class. Hua'an Anpu Bond E (021124) was added as a share class on April 10, 2024. For 2024, it is disclosed from establishment to the end of the year, with a net value growth rate (benchmark return) of 3.10% (3.18%); for 2025 and 2026H1, they were 1.32% (-1.28%) and 1.64% (0.90%), respectively. Former fund managers: Li Zhenyu (20240410-20250603), Li Zhenyu and Ni Yiyun (20250604-present). Hua'an Zhongying Short-to-Medium Term Bond Initiating A (016691) was established on December 16, 2022, with a benchmark of "ChinaBond Composite Full Price (1-3 Year) Index return x 80% + 1-year time deposit rate (after tax) x 20%." 2022 was the year of establishment (operating for less than one month), so 2022 performance is not disclosed. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.63% (0.77%), 3.34% (1.30%), 1.35% (-0.58%), 0.94% (0.15%). Former fund managers: Li Zhenyu (20221216-20241208), Li Zhenyu and Li Keying (20241209-20250603), Li Zhenyu, Li Keying, and Ni Yiyun (20250604-20251222), Li Zhenyu and Ni Yiyun (20251223-20260430), Ni Yiyun and Ni Lisha (20260501-present). Hua'an Zhongying Short-to-Medium Term Bond Initiating C (016692) was established on December 16, 2022. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.41% (0.77%), 3.14% (1.30%), 1.13% (-0.58%), 0.84% (0.15%). Former fund managers are the same as A-class. Hua'an Fengxin Bond A (012231) was established on July 18, 2023, with a benchmark of "ChinaBond Composite Full Price Index return x 90% + CSI 800 Index return x 8% + CSI Hong Kong Stock Connect Composite Index return x 2%." 2023 was the year of establishment (operating for less than six months), so 2023 performance is not disclosed. The net value growth rates (benchmark returns) for 2024 through 2025 and 2026H1 were: 6.50% (6.04%), 6.88% (0.70%), -0.79% (1.43%). Former fund managers: Zou Weina (20230718-present), Zou Weina and Zheng Weishan (20230727-present), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Fengxin Bond C (012232) was established on July 18, 2023. The net value growth rates (benchmark returns) for 2024 through 2025 and 2026H1 were: 6.07% (6.04%), 6.46% (0.70%), -0.99% (1.43%). Former fund managers are the same as A-class. Hua'an Fengxin Bond E (024387) was added as a share class on May 29, 2025. For 2025, it is disclosed from establishment to the end of the year, with a net value growth rate (benchmark return) of 4.36% (0.93%); for 2026H1, it was -0.98% (1.43%). Former fund managers: Zou Weina and Zheng Weishan (20250529-present), Zou Weina, Zheng Weishan, and Ni Yiyun (20250604-present). Hua'an Qianyu Bond Initiating A (013650) was established on March 31, 2022, with a benchmark of "ChinaBond Composite Full Price Index return x 85% + CSI 800 Index return x 10% + CSI Hong Kong Stock Connect Composite Index return x 5%." 2022 was the year of establishment (from March 31, 2022 to the end of the year, operating for a full six months), with a net value growth rate (benchmark return) of 0.72% (-0.58%). The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.85% (0.07%), 6.90% (6.67%), 7.38% (1.97%), -1.17% (1.16%). Former fund managers: Wei Yuanyuan (20220331-20220524), Wei Yuanyuan and Zheng Weishan (20220525-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Zheng Weishan, Zou Weina, and Ni Yiyun (20250604-present). Hua'an Qianyu Bond Initiating C (016728) was established on September 22, 2022. 2022 was the year of establishment (operating for less than six months), so 2022 performance is not disclosed. The net value growth rates (benchmark returns) for 2023 through 2025 and 2026H1 were: 2.50% (0.07%), 6.53% (6.67%), 7.01% (1.97%), -1.34% (1.16%). Former fund managers: Wei Yuanyuan and Zheng Weishan (20220922-20221016), Wei Yuanyuan, Zheng Weishan, and Zou Weina (20221017-20250603), Zheng Weishan, Zou Weina, and Ni Yiyun (20250604-present). Hua'an Hongyu 6-Month Holding Bond A (027217) was established on May 29, 2026, with a benchmark of "ChinaBond Composite Full Price (Total Value) Index return x 85% + CSI 800 Index return x 12% + CSI Hong Kong Stock Connect Composite Index (RMB) return x 3%." From establishment to June 30, 2026, it had been operating for less than two months, so performance is not disclosed. Former fund managers: Zou Weina, Zheng Weishan, and Ni Yiyun (20260529-present).

The sales fee rates for similar products managed by Ni Yiyun are listed as follows: The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Tianshun (014785) are as follows: subscription fee rates: M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.50%; 3 million yuan ≤ M < 5 million yuan 0.30%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. No sales service fee is charged. The annual management fee and custody fee rates for Hua'an Tianshun (014785) are 0.30% and 0.10%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Anpu Bond (A: 006337; C: 006338; E: 021124) are as follows: A-class shares (006337) subscription fee rates: M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.50%; 3 million yuan ≤ M < 5 million yuan 0.30%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 90 days 0.30%; N ≥ 90 days 0.00%. No sales service fee is charged. C-class shares (006338) do not charge a subscription fee; the annual sales service fee rate is 0.10%; redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.05%; N ≥ 30 days 0.00%. E-class shares (021124) do not charge a subscription fee; the annual sales service fee rate is 0.10%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Anpu Bond (A: 006337; C: 006338; E: 021124) are both 0.30% and 0.10%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Zhongying Short-to-Medium Term Bond Initiating (A: 016691; C: 016692) are as follows: A-class shares (016691) subscription fee rates: M<1 million yuan 0.30%; 1 million yuan ≤ M < 5 million yuan 0.10%; M ≥ 5 million yuan 500 yuan per transaction. Redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. No sales service fee is charged. C-class shares (016692) do not charge a subscription fee; the annual sales service fee rate is 0.20%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Zhongying Short-to-Medium Term Bond Initiating (A: 016691; C: 016692) are both 0.30% and 0.05%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are as follows: A-class shares (012231) subscription fee rates: M<1 million yuan 0.80%; 1 million yuan ≤ M < 5 million yuan 0.40%; M ≥ 5 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. No sales service fee is charged. C-class shares (012232) do not charge a subscription fee; the annual sales service fee rate is 0.40%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. E-class shares (024387) do not charge a subscription fee; the annual sales service fee rate is 0.40%; redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.10%; N ≥ 30 days 0.00%. The annual management fee and custody fee rates for Hua'an Fengxin Bond (A: 012231; C: 012232; E: 024387) are both 0.60% and 0.12%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are as follows: A-class shares (013650) subscription fee rates: M<1 million yuan 0.80%; 1 million yuan ≤ M < 3 million yuan 0.40%; M ≥ 3 million yuan 1,000 yuan per transaction. Redemption fee rates: N<7 days 1.50%; 7 days ≤ N < 30 days 0.50%; N ≥ 30 days 0.00%. No sales service fee is charged. C-class shares (016728) do not charge a subscription fee; the annual sales service fee rate is 0.35%; redemption fee rates: N<7 days 1.50%; N ≥ 7 days 0.00%. The annual management fee and custody fee rates for Hua'an Qianyu Bond Initiating (A: 013650; C: 016728) are both 0.60% and 0.15%.

The current subscription fee, redemption fee, sales service fee, management fee, and custody fee standards for Hua'an Hongyu 6-Month Holding Bond (A: 027217; C: 027218) are as follows: A-class shares (027217) subscription fee rates: M<10 million yuan 0.30%; M ≥ 10 million yuan 1,000 yuan per transaction. No sales service fee is charged. C-class shares (027218) do not charge a subscription fee; the annual sales service fee rate is 0.20%. The fund sets a minimum holding period of 6 months for each fund share; the redemption fee rate is 0.00% after the minimum holding period expires. The annual management fee and custody fee rates for Hua'an Hongyu 6-Month Holding Bond (A: 027217; C: 027218) are both 0.60% and 0.15%.

Risk Disclosure: This fund is a bond fund, and its expected risk and expected return level are lower than those of equity funds and hybrid funds, but higher than those of money market funds. If this fund invests in stocks under the Hong Kong Stock Connect, it needs to bear the specific risks brought by differences in investment environment, investment targets, market systems, and trading rules under the Hong Kong Stock Connect mechanism. The fund management company does not guarantee that this fund will definitely make a profit, nor does it guarantee a minimum return. Past performance of a fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of this fund. Fund product returns are subject to fluctuation risks, and investment requires caution. For details, please carefully read the fund contract, prospectus, and other fund legal documents. Y-class shares are a separate share category established by this fund for the personal pension investment fund business. The subscription and redemption arrangements, fund account management, and other matters of Y-class fund shares shall also comply with the relevant provisions on personal pension account management. Unless otherwise specified, the funds for investors to purchase Y-class shares shall come from their personal pension fund accounts, and the funds from fund share redemption shall also be transferred to the personal pension fund account. Investors cannot withdraw their personal pension until they reach the statutory retirement age for receiving basic pension or other conditions specified by policies. Fund products that can be invested through personal pensions must meet the relevant conditions required by the "Interim Provisions on the Management of Publicly Offered Securities Investment Fund Business for Personal Pension Investment." The specific catalog is determined by the China Securities Regulatory Commission and published quarterly through relevant websites and platforms. During the operation of this fund, circumstances may arise where it no longer meets the relevant conditions and is removed from the catalog. In such cases, this fund will suspend the subscription of Y-class shares, and investors may face the risk of being unable to continue investing in Y-class shares.