Guangfa Advanced Manufacturing Stock Initiative A mainly invests in the stocks of listed companies related to advanced manufacturing, and strives to obtain long-term stable excess returns for fund share holders through bottom-up deep excavation and selection of individual stocks. The fund is a stock fund, and its expected return and risk level are higher than those of money market funds, bond funds and hybrid funds. If the Fund's assets are invested in Hong Kong stocks, it will face unique risks brought by the differences in investment environment, investment targets, market system and trading rules under the mechanism of Hong Kong Stock Connect, including the risk of large fluctuations in the stock price in the Hong Kong stock market (the Hong Kong stock market implements T+0 cycle trading, and there is no limit on the price of individual stocks). The stock price of Hong Kong stocks may fluctuate more violently than that of A-shares), exchange rate risk (exchange rate fluctuation may cause losses to fund investment income), and the risk that trading days may be inconsistent under the mechanism of Hong Kong Stock Connect (in the case of closing Hong Kong Stock Connect in the Mainland, Hong Kong Stock Connect cannot trade normally, and Hong Kong stocks cannot be sold in time, which may bring certain liquidity risk).