1. The investment scope of the Noah Emerging Industry Mixed Fund is financial instruments with good liquidity. The Noah Emerging Industry Mixed Fund includes domestic stocks issued and listed in accordance with the law (including the main board, the small and medium-sized board, and the Noah Emerging Industry). Industry Mixed Fund GEM and other stocks approved/registered and listed by the China Securities Regulatory Commission), bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, Noon Emerging Industry Mixed Fund corporate bonds, medium-term notes, short-term financing bonds, super Short-term financing bills, subordinated bonds, government-backed agency bonds, and Noah's Emerging Industry Hybrid Fund:

The stage increase of the Noah's Emerging Industry Mixed Fund is 0.88%-2.07%17.06%26.76%------ --

Norno Emerging Industries Hybrid Fund's average average of 1.94%-1.35%16.62%34.32%--------

Norno Emerging Industries Hybrid Fund Shanghai and Shenzhen 3002.37 %-1.57%17.13%30.27%--------

Noon Emerging Industry Hybrid Fund's similar ranking 201/3880960/37821167/35691788/3354--/----/-- --/----/--

Sinoan Emerging Industries Mixed Fund 2020-09-181.26721.26720.00880.70%

Sinoan Emerging Industries Mixed Fund 2020-09- 171.25841.2584-0.0085-0.67%

NOAN Emerging Industry Hybrid Fund 2020-09-161.26691.2669-0.0120-0.94%

2. This fund adopts in-depth and detailed fundamentals Research and individual securities mining, on the premise of rational allocation of assets and effective risk control, share the high growth and high returns brought by the development of emerging industries, and strive to obtain long-term and stable investment returns for investors. The investment scope of this fund is good. Liquid financial instruments, including domestic stocks issued and listed in accordance with the law (including the main board, small and medium-sized board, GEM and other stocks approved/registered and listed by the China Securities Regulatory Commission), depository receipts, bonds (including treasury bonds, central bank bills, financial bonds , corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra-short-term financing bonds, subordinated bonds, government-backed agency bonds, local government bonds, convertible bonds, exchangeable bonds and other bonds approved for investment by the China Securities Regulatory Commission) , bond repurchases, asset-backed securities, money market instruments (including interbank certificates of deposit), stock index futures, treasury bond futures, and other financial instruments permitted by laws and regulations or the China Securities Regulatory Commission (but must comply with the relevant provisions of the China Securities Regulatory Commission). If regulations or regulatory agencies allow the fund to invest in other varieties in the future, the fund manager can include them in the investment scope after performing appropriate procedures.

3. The proportion of the fund's investment portfolio is: stocks and depository receipts. The proportion of fund assets is 60%-95%, of which the proportion of securities assets invested in emerging industries is not less than 80% of non-cash fund assets. At the end of any trading day, after deducting the trading margin required for stock index futures and treasury bond futures contracts, cash or government bonds with a maturity date within one year shall not be less than 5% of the fund's net asset value. Cash does not include settlement reserves. , deposit deposits and subscription funds receivable, etc. If laws and regulations or the China Securities Regulatory Commission change the investment proportion limits of investment varieties, the fund manager may adjust the investment proportions of the above investment varieties after performing appropriate procedures.