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What is E Fund?
It is the fund under E Fund:

Legal Name E Fund Management Co., Ltd. English Name E Fund Management Co.

Organizational Form Limited Company Company Attributes Chinese Capital

Establishment Date 2001-04-17 Registered Capital 12,000(RMB)

Legal Representative Liang Tong General Manager Ye Junying

Business Scope Fund management business, initiating the establishment of funds.

Corporate history The Company was approved by the China Securities Regulatory Commission under Document No. 4 of the Securities and Futures Commission [2001], and was founded by Guangdong Securities Company Limited, Guangdong Securities Company Limited, Guangdong Yue Cai Trust and Investment Company, Tianjin Trust and Investment Company, Chongqing International Trust and Investment Company and Tianjin Northern International Trust and Investment Company ****.

Promoter Shareholders:

Name of Promoter Capital Contribution (RMB)

Guangdong Securities Company Limited 2000

Guangfa Securities Company Limited 2000

Guangdong Yue Cai Trust and Investment Company Limited 2000

Tianjin Trust and Investment Company Limited 2000

Chongqing International Trust and Investment Co. Ltd. 2000

Tianjin Northern International Trust and Investment Company 2000

Total 12,000

In October 2004, Tianjin Trust and Investment Company Limited, a shareholder of the Company, transferred its 16.67% capital contribution to the Company to Guangdong Yue Cai Trust and Investment Company Limited and Guangdong Midea Electrical Appliances Company Limited respectively; Ltd. transferred 16.67% of the Company's capital contribution held by Northern International Trust and Investment Company Limited to Guangdong Yue Cai Trust and Investment Company Limited and Guangdong Midea Electrical Appliances Company Limited respectively.

After this capital transfer, the shareholders of the Company and the proportion of capital contribution are: Guangdong Yue Cai Trust and Investment Company Limited 25%, Guangfa Securities Company Limited 25%, Guangdong Securities Company Limited 16.67%, Chongqing International Trust and Investment Company Limited 16.67% and Guangdong Midea Electrical Appliances Company Limited 16.67%.

In June 2005, Guangdong Securities Co., Ltd, a shareholder of the Company, transferred 20 million yuan of the Company's capital contribution (accounting for 16.67%) to Guangdong Midea Electrical Appliances Co., Ltd. and Guangzhou Guangyong State-owned Assets Management Company Limited respectively. The industrial and commercial change registration procedures of this capital transfer have been completed recently.

After the transfer of capital contribution, the capital contribution of each shareholder of the Company and the proportion of their capital contribution to the registered capital of the Company are as follows: Guangdong Yue Cai Trust and Investment Company Limited 30 million yuan, accounting for 25%; Guangfa Securities Company Limited 30 million yuan, accounting for 25%; Guangdong Midea Electrical Appliances Company Limited 30 million yuan, accounting for 25%; Chongqing International Trust and Investment Company Limited 20 million yuan, accounting for 25%; Chongqing International Trust and Investment Company Limited 20 million yuan, accounting for 16.67%. Ltd. 20 million yuan, accounting for 16.67%; Guangzhou Guangyong State-owned Assets Management Co.

Funds

Fund Code Fund Abbreviation Type Investment Style Fund Manager Fund Share (10,000 shares)

110001 Efatar Smooth Growth Open-ended Balanced Jiang Zuoliang, Liang Wentao 1,402,056.17

110002 Efatar Strategic Growth Open-ended Positive Growth Xiao Jian 156,723.60

110002 Efatar Strategic Growth Open-ended Positive Growth Xiao Jian 156,723.60

110002 Efatar Strategic Growth Open-ended Positive Growth Xiao Jian 156,723.60 <

110003 Efunds 50 Index Open-ended Index Ma Jun, Liang Tianxi 114,792.35

110005 Efunds Positive Growth Open-ended Positive Growth Chen Zhimin, Wu Wei 105,490.87

110006 Efunds Currency A Open-ended Income Lin Hai 118,072.41

110007 Efatar Income A Open-ended Income Lin Hai, Shen Tao 55,652.09

110008 Efatar Income B Open-ended Income Lin Hai, Shen Tao 3,205.66

110009 Efatar Value Select Open-ended Value Investment Wu Xinrong 914,361.04

110016 Efatar Currency B Open-ended Income Lin Hai 102,361.04

110016 Efatar Currency B Open Income Lin Hai 102,996.86

112002 Efonda Strategy II Open Aggressive Growth Xiao Jian 500,956.89

159901 Shenzhen 100 ETF Open Index Ma Jun, Lin Fei 161,116.66

184712 Fund Techway Closed Growth Liang Wentao 80, 000.00

110009 Efonda Value Select Open Value Investing Wu Xinrong 914,361.04

110016 Efonda Currency B Open 000.00

184713 Fund Coxiang Closed-end Positive Growth Ran Hua 80,000.00

500029 Fund Coxun Closed-end Robust Growth Hou Qingcao 80,000.00

500056 Fund Creative Closed-end Value Investing Fu Hao 300,000.00

Efontaine Fund Management Co. Ltd. was established on April 17, 2001, with a registered capital of RMB 120 million and branches in Beijing, Guangzhou, Shanghai, Nanjing and Chengdu. The company adheres to the tenet of "gaining trust from the market and society" and the business philosophy of "achieving sustained and steady growth through professional operation and teamwork under the premise of integrity and standardization", and has won market recognition through strict management, standardized operation and good investment performance. In October 2004, E-FONDA obtained the qualification of investment manager of National Social Security Fund, and in August 2005, E-FONDA obtained the qualification of investment manager of Enterprise Pension Fund. As of December 30, 2006, the company's *** management of nine open-end funds, four closed-end funds and a number of national social security fund asset portfolio, asset management scale of more than 70 billion yuan, is the most powerful, the most complete business varieties of one of the fund management company.

●Stable operation and standardized management

Efoundry attaches great importance to the improvement of internal management system and risk prevention mechanism, and was the first in the industry to formulate the "Internal Control Outline" at the beginning of its establishment, which regulates the company's corporate governance structure, the system of internal control system and system management, the basic points of internal control, and the control environment, On this basis, more than 100 rules and regulations have been formulated, initially forming a set of institutionalized management system with the company's characteristics and in line with the standard operating requirements of the fund industry, which ensures the company's compliant and efficient operation, and has won the full affirmation of the competent state authorities and intermediary assessment agencies.

● People-oriented, obvious talent advantage

The fund industry is a "people business", and Efonda has been striving to build a highly professional fund management team since its establishment. At present, the company has 161 employees, with an average age of 31.2 years old, of which 62.7% are with master's degree or above, and 83.3% are with professional compound background. The company's executives have been in the financial industry for more than 11 years, and all of them have an educational background in economics or management. The company's investment and research team is professional, steady and enterprising, with 37 existing investment and research staff***, of which the investment managers have 8.2 years of securities practice time per capita, and 35.7% have professional composite background, and the researchers all have a master's degree or above, of which 68% have a science and technology background, and 43.7% have a professional composite background.

● Stable performance and rich returns

Perfect system, strict management and standardized operation have enabled the company to maintain a benign development trend of continuous growth in all aspects of its business, and its comprehensive ranking of investment performance has always been among the top among domestic fund companies. As of December 30, 2006, the company's funds accumulated dividends of more than 4.4 billion yuan, creating a good return for investors.

● Research-led, positive interaction between investment and research

E-Funda has always adhered to the concept of value investment, emphasized the leading role of research in investment, and continuously pursued the depth and foresight of research. At present, the company has independently trained and established a team of high-quality researchers, forming a research-led investment culture that emphasizes in-depth excavation, field research and continuous tracking. The mutual promotion and positive interaction between investment and research has laid a solid foundation for the company to achieve excellent investment performance.

● Serve Clients Meticulously and Deeply

Professionalism and candor is Efonda's service philosophy. The company is constantly striving to improve the quality of customer service, strengthen multi-party communication and coordination, and improve and innovate service methods. At present, the company has signed cooperation agreements with more than 50 organizations and launched an online trading platform for open-ended funds in an effort to provide more trading convenience and benefits to our customers.

Efontaine will continue to adhere to the integrity and performance based on, and continue to develop and innovate, and actively forge ahead, and strive to create optimal returns for investors.