According to relevant regulations such as the “Securities Investment Fund Law of the People's Republic of China”, “Measures for the Supervision and Administration of Publicly Raised Securities Investment Fund Managers” and “Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors”, Lubomai Fund Management Co., Ltd. was approved to engage in overseas securities investment management business as a qualified domestic institutional investor, and the company shall go through the procedures for changing the scope of business in accordance with this.

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