Risk warning of Fund Jiujia

This fund is a securities investment fund that mainly invests in the securities market. The price of the securities market is affected by various factors such as political, economic environment, investment psychology, etc., resulting in fluctuations in the fund's income level. The main factors causing market risks include:

1. Policy risk Risks arising from market fluctuations caused by changes in national macroeconomic policies such as monetary policy, fiscal policy, industrial policy, etc., affecting fund returns.

2. Economic cycle risk Economic operation has cyclical characteristics. When the speed of macroeconomic development slows down or even a cyclical recession occurs, the average return levels of various industries in the economy and the securities market will also change accordingly, thus affecting the risks arising from fund returns.

3. Interest rate risk Fluctuations in financial market interest rates will lead to changes in securities market prices and yields, directly affecting the prices and yields of government bonds, and affecting the financing costs of listed companies. Fluctuations in interest rates directly affect the Fund's returns.

4. Listed company operating risks The operating conditions of listed companies are affected by many factors, such as management capabilities, financial status, market prospects, industry competition, personnel quality, etc., which will lead to changes in the company's profits. If the growth companies invested by the fund are poorly managed and have insufficient growth potential, resulting in a decline in stock prices or a reduction in dividends and dividends; if the basic conditions of the value companies invested by the fund continue to deteriorate, or there is no expected value return, their stock prices may Falling prices, or reductions in dividends and dividends, bring risks to the fund's investment.

5. The income of the purchasing power risk fund is mainly distributed in the form of cash, and cash may reduce the purchasing power due to the impact of inflation, thus reducing the actual investment income of the fund. Force majeure such as wars and natural disasters may result in the loss of fund assets and affect the fund's income level, thus bringing risks.

Termination Clause

The fund shall be terminated under any of the following circumstances:

1. The closed period of the fund expires and the renewal is not approved;

2. The fund is terminated early with approval;

3. The fund is ordered to be terminated by the China Securities Regulatory Commission due to major violations of laws and regulations.

4. Other situations stipulated in relevant laws and regulations.

366.37 million in 2003

2004-112.55 million

100.79 million in 2005

2511.18 million in 2006

4,730.6 million in 2007< /p>

2008-2,622.92 million