Amid current market volatility and against the backdrop of economic restructuring and declining interest rates, products that can balance risk and return may align well with investors' needs to seek certainty amid uncertainty. Recently, Huashang Fund launched its annual flagship "fixed-income plus" product—the Huashang Anyuan Bond Fund (Class A: 026045, Class C: 026046). Managed by seasoned fund manager Hu Zhongyuan, who excels in both equity and fixed-income investments, the fund aims to provide investors with a high-quality holding experience by building a solid fixed-income foundation while enhancing returns through strategic equity exposure.

**Meet the Fund Manager: Hu Zhongyuan, Master of Risk-Reward Balance** Hu Zhongyuan, Deputy Head of Multi-Asset Investment at Huashang Fund and prospective manager of the Huashang Anyuan Bond Fund, brings over 11 years of securities industry experience (including 6.5 years in investment management). Starting as a bond trader in 2014 after earning his master's degree from Peking University, Hu rose to become a fund manager in 2019. His investment philosophy prioritizes risk-adjusted returns: in bonds, he focuses on liquidity management and credit quality; in equities, he emphasizes sector comparisons and diversified portfolio construction. His current products span flexible hybrid, balanced hybrid, and secondary bond funds, with top-tier medium- to long-term performance rankings.

**Why Huashang Anyuan Bond Fund Stands Out** This "fixed-income plus" fund allocates at least 80% to bonds for stability and up to 20% to equities (including stocks, convertibles, and exchangeable bonds) for enhanced returns. Hu’s dual expertise allows him to navigate both asset classes seamlessly, leveraging macroeconomic insights across markets. He identifies opportunities in AI-driven transformation, demographic shifts, and China’s healthcare innovation.

**Institutional Strength** Huashang Fund’s integrated, multi-strategy research platform supports its products with robust equity and fixed-income capabilities. As of Q3 2025, it holds top AAA ratings across active equity, bond, and comprehensive manager rankings from Tianxiang Investment Consulting. Haitong Securities data also ranks it first in active fixed-income returns over seven years.

**Subscription Details** The Huashang Anyuan Bond Fund is open for subscription from December 8 to December 26, 2025. It offers a compelling option for investors seeking steady growth with controlled exposure to equity upside.

*Performance data cited is as of October 31, 2025, from Galaxy Securities and Haitong Securities. Fund strategies and risk disclosures are outlined in legal documents. Past performance does not guarantee future results. Investors should assess products based on individual risk tolerance and goals.*

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