A seven-year horizon serves as both a measure of time and a true test of investment strength. According to fund evaluation agency data as of June 30, 2026, Huashang Fund's active equity funds ranked 4th in absolute returns among 128 comparable companies, while its active fixed income funds secured the top spot in absolute returns among 116 comparable firms. This seven-year statistical window fully covers multiple A-share market cycles and style shifts, during which Huashang Fund demonstrated remarkable endurance, positioning itself among the leaders in both equity and fixed income arenas simultaneously—a true "double standout" in the investment marathon.

This "excellence in both stocks and bonds" achievement is no accident. Behind it lies Huashang Fund's two-decade-long commitment to treating active management as its lifeline, its persistent dedication to building a "platform-based, integrated, multi-strategy" investment research system, the orderly succession of investment culture and talent pipelines, and the continuous evolution of investment methodology under the core principle of "deep research driving investment." Together, these elements form the foundation supporting Huashang Fund's long-term stable performance.

Data shows that as of June 30, 2026, Huashang Fund has cumulatively distributed dividends of RMB 31.453 billion to unitholders since its inception, while generating RMB 103.739 billion in total investment returns for investors. These figures represent a remarkable "report card" delivered through long-termism and cycle-crossing, reflecting the tangible benefits of Huashang Fund's investment research strength ultimately realized in unitholders' accounts.

Thanks to its outstanding performance, in the 2026 Q2 AAAAA-rated fund management company evaluation report by Tianxiang Investment Advisory, Huashang Fund secured the 5A rating for "Comprehensive Three-Year Rating of Fund Managers," while also achieving the highest 5A rating in both "Three-Year Rating of Active Equity and Hybrid Funds" and "Three-Year Rating of Active Bond Funds" sub-categories. At the end of 2025, Huashang Fund was honored with the industry-recognized "Golden Bull Fund Company Award for Active Equity Investment"—both are testaments to Huashang Fund's commitment to high-quality development, prioritizing unitholder interests, and continuously enhancing investor satisfaction.

As the public fund industry enters a new phase of deepening reform and quality improvement, Huashang Fund will continue to strengthen its core active management capabilities, leveraging its deep expertise and robust, professional investment research to identify the most dynamic companies amid economic development and industrial transformation, striving to deliver sustainable, long-term stable returns for its investors.

Data notes: Fund company ranking evaluations and absolute return data were published by fund evaluation agency Guotai Haitong Securities in July 2026, with data as of June 30, 2026, in accordance with the Interim Measures for the Evaluation of Securities Investment Fund Business. Public fund net values are disclosed after verification by custodians. Fund management company absolute return refers to the weighted average net value growth rate of active funds managed by the company, calculated based on assets under management during the period. Active equity funds include active equity open-end, aggressive hybrid, partial equity hybrid, balanced hybrid, flexible hybrid, flexible strategy hybrid, and active hybrid closed-end funds, excluding index, lifecycle hybrid, partial bond hybrid, Hong Kong flexible strategy hybrid, Hong Kong partial equity hybrid, Hong Kong aggressive hybrid, and QDII funds. Active fixed income funds include pure bond, pure bond closed-end, quasi bond, quasi bond closed-end, partial bond, partial bond closed-end, convertible bond, and short-term bond funds, excluding money market, wealth management bond, amortized cost bond, and index bond funds. The AAAAA rating data was published by fund evaluation agency Tianxiang Investment Advisory in July 2026, with three-year rating data as of June 30, 2026, per the Interim Measures for the Evaluation of Securities Investment Fund Business. Tianxiang's comprehensive fund manager rating is based on analysis and assessment of three aspects: basic strength, investment management capability, and company stability (including compliance), with overall strength scores ranked from highest to lowest and equally divided into five grades from AAAAA to A. Active equity and hybrid funds include five second-level categories: stock funds-active equity stock funds, hybrid funds-partial equity hybrid funds, hybrid funds-flexible allocation hybrid funds, hybrid funds-balanced allocation hybrid funds, and hybrid funds-partial bond hybrid funds. Active bond funds include three second-level categories: bond funds-pure bond funds, bond funds-mixed bond funds, and bond funds-convertible bond funds. The "Active Equity Investment Golden Bull Fund Company Award" received by Huashang Fund was presented by China Securities Journal in December 2025. Dividend data comes from Huashang Fund, and investment return data comes from Galaxy Securities, compiled by Huashang Fund, with data as of June 30, 2026.

Risk disclaimer: The above content does not constitute investment advice. Fund managers commit to managing fund assets with honesty, diligence, and prudence, but do not guarantee fund profitability or minimum returns. Past performance and net value levels do not indicate future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. When purchasing funds, investors should carefully read fund contracts, prospectuses, fund product information summaries, and other fund legal documents. Market risks exist, and fund investment requires caution. Investors are advised to select products that match their risk tolerance and investment objectives.