The Hang Seng Index Company authorizes Huatai Bairui Fund to use the Hang Seng Stock Connect High Dividend Low Volatility Index as the reference benchmark for trading exchange-traded funds.

The Hang Seng Index Company has authorized Huatai Bairui Fund Management Co., Ltd. ("Huatai Bairui Fund") to use the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index as the tracking index for the Huatai Bairui Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Exchange Traded Open-End Index Securities Investment Fund. The fund was listed on the Shanghai Stock Exchange on September 20, 2024. As of August 30, 2024, the total asset management value of the fund is approximately 308 million RMB. The Hang Seng Index Company stated that in the current market conditions, low volatility strategies buffered by dividend income are gaining attention from investors. The Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index ("HSHYLV") aims to reflect the performance of high dividend low volatility stocks listed in Hong Kong that can be traded through the Stock Connect. Constituents of the index must have a three-year consecutive cash dividend record, and the latest full-year dividend payout ratio must be positive. In terms of index performance, as of August 30, 2024, the total return of the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index over the past year is 18%, outperforming the Hang Seng Composite Index's decline of 0.3% in the same period. Additionally, compared to the Hang Seng Composite Index, the index has a higher dividend yield of 6.7% (compared to 4.1% for the Hang Seng Composite Index) and a lower annualized volatility of 17.4% (compared to 20.8% for the Hang Seng Composite Index) over the past year. It is reported that with the addition of the above-mentioned exchange-traded fund, there are a total of 113 exchange-traded products linked to the Hang Seng Index series listed on 12 different exchanges worldwide. As of August 30, 2024, the total asset management value of passive tracking products of the Hang Seng Index series is approximately $66.6 billion.