Southern Fund was established on March 6, 1998, becoming the starting symbol of my country's new fund era.

Approved by the China Securities Regulatory Commission, Southern Fund Management Co., Ltd. was formally established on March 6, 1998, becoming one of the first domestically regulated fund management companies.

This incident marked that our country has entered the "new fund era", that is, the development stage of the fund industry with standardized management and supervision.

The establishment of Southern Fund laid the foundation for the development of my country's fund industry and provided investors with more choices and opportunities.

Therefore, it can be affirmed that the establishment of Southern Fund is the beginning of the new fund era in my country.