E-Fangda Fund announced that E-Fangda Wealth Management Fund Sales Co., Ltd., a wholly-owned subsidiary of the company, has obtained a “License to Operate Securities and Futures Business” and pilot fund investment business qualifications. In order to integrate and upgrade the wealth management business, the company plans to gradually migrate its retail direct sales business to this subsidiary. Individual investors on direct sales platforms can choose to transfer their holdings of related products to eFangda Wealth and open a new trading account. After the transfer to escrow, the original product's redemption rate, transaction efficiency, and service remain unchanged, and services that are not transferred to escrow will not be affected. This migration sets a transition period. After the transition period is over, retail direct sales customers will be transferred to hosting in batches. A separate announcement will be made at that time.

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