S&P 500 ETF: Warning of premium risk in secondary market trading prices.

Guotai Fund announced that the secondary market trading price of its S&P 500 ETF is significantly higher than the fund's reference net value, resulting in a large premium. If the premium does not effectively decrease, the fund has the right to apply to the Shenzhen Stock Exchange for temporary suspension of trading during the day. The fund will suspend new subscriptions starting from November 3, 2025. In addition to being affected by changes in the net asset value of the fund, the secondary market trading price is also influenced by market supply and demand factors. Blind investment by investors may result in significant losses.