Morgan Stanley Fund Issues Second Notice Regarding Potential Trigger of Fund Contract Termination Situation

On May 10, Morgan Stanley Fund announced that as of May 9, Morgan Stanley Recruitment and Incentive Hybrid Fund had been continuously below 50 million yuan in net fund assets for 40 consecutive working days. If for 50 consecutive working days the number of fund shareholders is less than 200 or the net fund assets are below 50 million yuan, the Fund will be subject to liquidation and termination according to agreement, without the need to convene a meeting of fund shareholders. Morgan Stanley Recruitment and Incentive Hybrid Fund was established in May 2021 with a fund size of 271 million yuan, which was less than 50 million yuan at the end of the first quarter of this year. As of now, the Fund's A shares have incurred a loss of approximately 5.51% since inception.