There is one investor in small and medium-sized enterprises: South 500.

I haven't invested in GEM for the time being.

Prompt announcement of Huaxia Fund Management Co., Ltd. on its securities investment funds investing in GEM listed securities

Stocks and convertible bonds listed on GEM are issued and listed in China according to law. According to the Securities Investment Fund Law and the Statement of China Securities Regulatory Commission on Securities Investment Funds Investing in Listed Securities on Growth Enterprise Market (No.636 [2009]), the securities investment funds managed by Huaxia Fund Management Co., Ltd. will participate in the investment of listed securities such as GEM stocks and convertible bonds in accordance with their respective fund contracts, on the premise of observing the investment objectives, investment strategies, investment scope, asset allocation ratio and risk-return characteristics agreed in the fund contracts.

GEM listed companies are mainly independent innovation enterprises and other growth start-ups. Compared with the main board market, the risks of listed companies in the GEM market, such as operating risk, credit risk, technical risk, delisting risk and stock price fluctuation, are more prominent as a whole. In addition, there are still risks that may be caused by differences in systems and rules in investing in the GEM market, reminding investors of the risks brought by the Fund's investment in securities listed on the GEM.

It is hereby announced

Huaxia fund management co., ltd

Press release issued on 24 September 2009