China Merchants Fund Management Co., Ltd. is the first Sino-foreign joint venture fund management company approved by China Securities Regulatory Commission. The company was established on February 27th, 2002, with a registered capital of RMB 2,654,380,000, of which China Merchants Bank Co., Ltd. holds 33.4%, China Merchants Securities Co., Ltd. holds 33.3% and Dutch Investment Management Company holds 33.3%. The business scope of the company includes initiating the establishment of funds, fund management business and other businesses approved by the China Securities Regulatory Commission. China Merchants Fund will be characterized by internationalization and standardization, and strive to provide first-class investment and financial services for investors. Since its establishment, the company has learned from the advanced experience and technology of the international market in an all-round way, and has formed an efficient and excellent team, standardized business processes and a cultural atmosphere of open learning. China Merchants Fund now has North Headquarters, East China Headquarters, South China Headquarters, Institutional Business Development Department, Stock Investment Department, Fixed Income Investment Department, Trading Department, Investment Risk Management Department, Marketing Management Department, Customer Service Department, Institutional Finance Department, Customer Service Department, Information Technology Department, Fund Affairs Department, Fund Accounting Department, Supervision and Audit Department, Strategic Planning Department and Comprehensive Management Department. At the same time, there are investment decision-making committees, risk management committees and independent inspectors. China Merchants Fund will aim at winning the trust of the market and society, adhering to the business philosophy of integrity, integration, innovation and Excellence, and strive to become an internationally competitive fund management company with respect from customers, satisfaction from shareholders and love from employees.