December 1, 2025 – As the year enters its final month, the ETF issuance market continues to heat up with new products emerging. Today, the competitive CSI 300 enhanced strategy ETF segment welcomes a formidable new player: the Huabao CSI 300 Enhanced Strategy ETF (Subscription Code: 562073), now officially open for subscription. This marks the second enhanced index ETF launched this year by Huabao Fund, a leading "ETF powerhouse" with assets under management exceeding 100 billion yuan.

Upon establishment, this ETF will trade on the Shanghai Stock Exchange under the ticker "CSI 300 Enhanced ETF." With the A-share market showing sustained recovery and bullish long-term expectations strengthening, the performance of this new ETF post-listing warrants close attention.

**A Strong Contender in CSI 300 Enhanced ETFs** Following its August launch of China's first batch of "ChiNext Composite Enhanced ETFs," Huabao Fund today expands its presence in the growing enhanced index ETF space. This product category has evolved from an innovative niche to a robust segment, distinguished by its ability to generate alpha through quantitative strategies—a key advantage over purely passive ETFs.

The fund will be jointly managed by seasoned portfolio managers Wang Zheng and Xu Linming, underscoring Huabao's commitment to the product. Xu, head of quantitative investing at Huabao Fund, and Wang, a proven expert in quantitative strategies, bring decades of combined experience.

The CSI 300 Index, representing China's core assets, remains pivotal for equity allocations. As of September 30, 2025, CSI 300-tracking ETFs accounted for over 30% of total equity ETF assets, reflecting its central role. The index's ongoing refresh—with industry leaders like CATL, East Money, and SMIC joining its components—mirrors China's economic transformation.

**Nine Years of Outperformance: 51% Alpha** Though newly launched, this ETF builds on Huabao's refined quantitative expertise. Since 2005, Xu Linming's team has developed locally adapted quantitative strategies, now institutionalized through years of refinement.

The existing Huabao CSI 300 Enhanced Fund (003876), also managed by Wang and Xu, has delivered 102.38% cumulative returns since its December 2016 inception—outpacing its benchmark by 51 percentage points. Notably, it achieved alpha in seven of eight calendar years (2017–2024).

*Data sources: Fund periodic reports, Wind (12/9/2016–9/30/2025; audited by custodian bank).*

This demonstrated alpha-generation capability, honed across market cycles, is expected to benefit the new ETF's management.

*Risk Disclosure: The Huabao CSI 300 Enhanced Strategy ETF is issued and managed by Huabao Fund. Distributors assume no investment, redemption, or risk management responsibilities. Investors should review fund documents to assess risk-return profiles and suitability. Past performance doesn’t guarantee future results. The CSRC’s registration doesn’t constitute an endorsement of the fund’s value or prospects.*