According to the requirements of asset laws and regulations, it is not far from the specified time to "cancel the hierarchical operation mechanism" before the end of 2020. On March 22nd, Wells Fargo Fund took the lead: the grading fund of Wells Fargo China Securities Bank will cancel the grading mechanism.

On the evening of March 22nd, Wells Fargo Fund issued the Announcement on Revising the Fund Contract of the Index Graded Securities Investment Fund of Wells Fargo CSI Bank. According to the announcement, the classification mechanism of Fuguo China Securities Bank will be cancelled, and arrangements will be made for the termination of operation of Fuguo A share and Fuguo B share, including the termination of listing and share conversion.