On April 7th, 2065438, Penghua's deferred growth hybrid fund was registered and raised by China Securities Regulatory Commission's Reply on Approving the Registration of Penghua's deferred growth flexible allocation hybrid securities investment fund (No.2015] 567). According to relevant laws and regulations, the fund contract of the Fund came into effect on May 19, 2065438, and the fund manager began to manage the fund property on the same day. From July 20, 20 15, the Fund will open daily subscription, redemption, conversion and regular fixed investment business on every open day (except for the suspension of related business announced by Penghua Fund Management Company).