On March 25th, driven by positive developments in the memory chip and AI computing power supply chains, the Science and Technology Innovation Board experienced a rebound. FUGUO SSE SCIENCE AND TECHNOLOGY INNOVATION BOARD COMPREHENSIVE PRICE TRADING OPEN ENDED INDEX SECURITIES IN (589600), the FUGUO STAR 50 ETF (588940), the FUGUO STAR 100 ETF (589950), and FUGUO SHANGHAI STOCK EXCHANGE SCIENCE AND TECHNOLOGY INNOVATION BOARD 200 TRADING OPEN ENDED INDEX SECURITIE (589780) all saw increases exceeding 2%, indicating a clear improvement in market sentiment.

Research institutions have pointed out that the Science and Technology Innovation Board is currently in a window of resonance characterized by "valuation repair and industrial catalysis." On one hand, valuations on the board have fallen to relatively low levels. On the other hand, the AI industry is transitioning fully from cloud-based training to a new phase dominated by inference, leading to exponential growth in computing power demand. The prosperity of the domestic computing power industry chain is expected to rise in both volume and price, serving as the core engine driving the sector. This is further supported by intensive research and positive signals released by multiple institutions recently, accelerating the return of capital.

FUGUO SSE SCIENCE AND TECHNOLOGY INNOVATION BOARD COMPREHENSIVE PRICE TRADING OPEN ENDED INDEX SECURITIES IN (589600) provides coverage of all stocks on the Science and Technology Innovation Board, has a high semiconductor weighting, and focuses on new quality productive forces. The FUGUO STAR 50 ETF (588940) assembles leading companies on the board and is synonymous with high-growth broad-based investment. The FUGUO STAR 100 ETF (589950) concentrates on three high-growth sectors: semiconductors, pharmaceuticals, and new energy. FUGUO SHANGHAI STOCK EXCHANGE SCIENCE AND TECHNOLOGY INNOVATION BOARD 200 TRADING OPEN ENDED INDEX SECURITIE (589780) offers an efficient tool for a one-stop investment in China's "hard tech" small-cap growth stocks, providing investors with opportunities to participate in the growth of high-quality enterprises on the Science and Technology Innovation Board.

Off-exchange investors can conveniently gain exposure through the corresponding feeder funds: FUGUO SSE SCIENCE AND TECHNOLOGY INNOVATION BOARD COMPREHENSIVE PRICE TRADING OPEN ENDED INDEX SECURITIES IN Feeder Fund (Class A 023737 / Class C 023738), FUGUO STAR 50 ETF Feeder Fund (Class A 023055 / Class C 023056), FUGUO STAR 100 ETF Feeder Fund (Class A 021329 / Class C 021330), and FUGUO SHANGHAI STOCK EXCHANGE SCIENCE AND TECHNOLOGY INNOVATION BOARD 200 TRADING OPEN ENDED INDEX SECURITIE Feeder Fund (Class A 026369 / Class C 026370).

A MACD golden cross signal has formed, indicating positive momentum for these stocks.