Ping An Fund's first variable management fee product approved.

The first floating management fee product under Ping An Fund - Ping An Value Enjoy Mixed Fund has been approved. This product adopts a daily open operation mode, and the specific floating mode of the management fee is as follows: when investors redeem fund shares, if the holding period is less than one year, a management fee of 1.2% per year will be charged; if the holding period reaches one year or more, the corresponding management fee rate will be determined based on the annualized return rate during the holding period when the investor exits.