1. Influence of market performance and risk factors: The core of monthly letter of CITIC Bank is a money fund wealth management product, and its income is affected by the market performance and risk factors of the money fund. Under normal circumstances, the income of money funds is lower and more stable, because such investments are mainly low-risk assets such as short-term bonds, and the characteristics of portfolio duration and liquidity are strictly controlled.

2. Risk management and asset allocation: As a large commercial bank, CITIC Bank will take effective measures to manage risks in its operation. We will make reasonable asset allocation according to market conditions, regulatory requirements and our own experience, and continue to pay attention to and evaluate the potential risks that the portfolio may face in different market environments. This helps to ensure that the products purchased by customers (such as Yuexinxin) get relatively stable income.