E Fund Wealth Management's subsidiary has completed business registration.

On July 3, E Fund Management Co., Ltd. issued a public announcement on the establishment of E Fund Wealth Management Fund Sales Co., Ltd. The announcement stated that, according to the approval from the China Securities Regulatory Commission on establishing a subsidiary of E Fund Management Co., Ltd., E Fund Management Co. was approved to establish a wholly-owned subsidiary, E Fund Wealth Management Fund Sales Co., Ltd., with registered capital of 100 million yuan, registered in Guangzhou, Guangdong Province. The business scope of the subsidiary is the sales of securities investment funds. E Fund Wealth Management Fund Sales Co., Ltd. has completed its business registration.