Caitong Fund Management Co., Ltd. public offering funds' securities trading and commission payment details through securities companies

（2025 Fiscal Year）

I. Standards and Procedures for Selecting Securities Companies to Participate in Securities Trading

(1) Standards for Selecting Securities Companies to Participate in Securities Trading

Caitong Fund Management Co., Ltd. (hereinafter referred to as “the Company” or “fund management company”) has improved the standards for selecting securities companies by taking into account the securities company’s financial condition, operating performance, compliance and risk control capability, trading capability, and research capability. The securities company to which the securities trading unit belongs must satisfy the following requirements:

1. Its business conduct is standardized, and its compliance internal control system is sound;

2. It has efficient and secure communication conditions and a stable trading system that can meet the needs of fund investment and trading;

3. It has a good market reputation and financial condition;

4. It has strong research and comprehensive service capability, with dedicated research institutions and full-time research personnel;

5. For passive equity funds, the cooperating broker selection principle shall generally prioritize trading service capability.

The Company’s service evaluation of brokers strictly follows the relevant requirements of laws and regulations. It is strictly prohibited to link in any way to fund sales size or asset retention size. It is also strictly prohibited, in any form, from making commitments to securities companies regarding fund securities trading volume and commissions, or from using trading commissions to exchange benefits with securities companies. It is strictly prohibited to transfer payment of fees to any third party. Passive equity funds may not use trading commissions to pay for other expenses such as research services and liquidity services.

(2) Procedures for Selecting Securities Companies to Participate in Securities Trading

The Company establishes a review and approval mechanism for the management of trading units, and carries out review mechanisms including selection of securities companies, execution of agreements, service evaluation, and allocation of trading commissions. The Legal Compliance Department and Risk Management Department conduct prior reviews.

The setup and operation of a securities company’s trading unit is initiated for approval by the research line. After approval is completed, the relevant departments handle the opening and use. Each quarter, the research line leads the evaluation of brokers’ service quality. Based on the brokers’ service evaluation results, the Company reviews and formulates the allocation plan for the quarter’s equity trading volume.

The Company establishes business separation mechanisms for trading, investment research (投研), and sales. Fund sales personnel may not participate in business processes such as the selection of securities companies, execution of agreements, service evaluation, and allocation of trading commissions.

II. Annual Summary and Allocation of Trading Volume and Trading Commissions

Pursuant to the “Measures for the Administration of Securities Trading Expenses for Publicly Offered Securities Investment Funds” and the announcement issued by the Asset Management Association of China (AMAC) 中基协发〔2025〕1号 “Announcement on Publishing the Content and Format Template for Disclosing Information on Public Funds Managed by Public Fund Managers Regarding Trading and Commission Payment Through Securities Companies,” the reporting period for this disclosure is from January 1, 2025 to December 31, 2025. The statistical scope includes all public funds that were in existence during the reporting period, including public funds established, liquidated, or converted during the reporting period.

(1) Securities Investment and Commission Payment by Leasing Trading Units from Securities Companies

1. Equity Investments and Commission Payment

Amount unit: RMB

Note: 1. Caitong Securities is a shareholder of the fund management company;

2. The names of securities companies are listed for all domestic securities companies whose trading units are leased, regardless of whether there were any trades during the period;

3. The amount of equity trading commissions payable to that securities company equals the commission incurred by the fund management company for equity trading conducted by leasing trading units from that securities company, and is retained to two decimal places;

4. Average commission rate (‰) = (Amount of equity trading commissions payable to the securities company / Equity trading turnover) * 1000, retained to two decimal places.

2. Securities Investment Commission Payment and Allocation

Amount unit: RMB

Note: 1. Caitong Securities is a shareholder of the fund management company;

2. The names of securities companies are listed for all domestic securities companies whose trading units are leased, regardless of whether there were any trades during the period;

3. The amount of securities trading commissions payable to that securities company equals the total commission incurred by the fund management company for various securities trades such as stocks, bonds, bond repurchases, warrants, funds, etc., conducted by leasing trading units from that securities company, and is retained to two decimal places;

4. Due to rounding, there is a rounding tail difference between the sum of the sub-items of the proportion of the total annual commission ( %) in this trading mode and the total item.

(2) Commission Payment for Equity Investment Handled by Entrusting Securities Companies

Amount unit: RMB

Note: 1. Caitong Securities is a shareholder of the fund management company;

2. The names of securities companies are listed for all domestic securities companies entrusted to handle equity investment, regardless of whether there were any trades during the period;

3. The amount of equity trading commissions payable to that securities company equals the commission incurred by the fund management company for equity trading handled by entrusting that securities company, and is retained to two decimal places;

4. Average commission rate (‰) = (Amount of equity trading commissions payable to the securities company / Equity trading turnover) * 1000, retained to two decimal places.

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