The fund manager shall complete the semi-annual report of the fund within 60 days after the end of the first half of the year. Compared with the annual report, the characteristics of semi-annual report disclosure:

1. The semi-annual report does not need to be audited.

2. The semi-annual report only needs to disclose the current data and indicators; The annual report shall provide the main accounting data and financial indicators for the last three fiscal years.

3. The semi-annual report discloses a list of net growth rates in different time periods from the annual report. The semi-annual report does not need to disclose the annual net growth rate in the past five years, nor does it need to disclose the annual fund income distribution in the past three years.