"𝑰𝒏 𝒂 𝒎𝒂𝒓𝒌𝒆𝒕 𝒇𝒖𝒍𝒍 𝒐𝒇 𝒓𝒂𝒏𝒅𝒐𝒎𝒏𝒆𝒔𝒔, 𝒚𝒐𝒖 𝒄𝒂𝒏𝒏𝒐𝒕 𝒄𝒐𝒏𝒕𝒓𝒐𝒍 𝒕𝒉𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆; 𝒕𝒉𝒆 𝒐𝒏𝒍𝒚 𝒕𝒉𝒊𝒏𝒈 𝒚𝒐𝒖 𝒄𝒂𝒏 𝒄𝒐𝒏𝒕𝒓𝒐𝒍 𝒊𝒔 𝒚𝒐𝒖𝒓 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒑𝒓𝒐𝒄𝒆𝒔𝒔." ——This famous insight from Investment Strategist & Author Michael J. Mauboussin rang true in recent markets, especially as the once runaway global AI trade stumbled. This is precisely why ChinaAMC launched its NextGen Active Investment framework—highlighting a global, platform-, and ecosystem-oriented approach—to better navigate turmoil of the global markets. In the upcoming episodes, we will explain why these three pillars matter. Stay tuned! #ActiveInvesting# #GlobalInvesting# #ChinaAMC# 𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑖𝑛𝑣𝑜𝑙𝑣𝑒𝑠 𝑟𝑖𝑠𝑘, 𝑖𝑛𝑐𝑙𝑢𝑑𝑖𝑛𝑔 𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒 𝑙𝑜𝑠𝑠 𝑜𝑓 𝑝𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙. 𝐴𝑛𝑦 𝑓𝑜𝑟𝑒𝑐𝑎𝑠𝑡𝑠, 𝑝𝑟𝑜𝑗𝑒𝑐𝑡𝑖𝑜𝑛𝑠, 𝑜𝑟 𝑜𝑝𝑖𝑛𝑖𝑜𝑛𝑠 𝑐𝑜𝑛𝑡𝑎𝑖𝑛𝑒𝑑 ℎ𝑒𝑟𝑒𝑖𝑛 𝑎𝑟𝑒 𝑓𝑜𝑟 𝑟𝑒𝑓𝑒𝑟𝑒𝑛𝑐𝑒 𝑜𝑛𝑙𝑦 𝑎𝑛𝑑 𝑎𝑟𝑒 𝑛𝑜𝑡 𝑔𝑢𝑎𝑟𝑎𝑛𝑡𝑒𝑒𝑑 𝑡𝑜 𝑜𝑐𝑐𝑢𝑟. 𝑇ℎ𝑒 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛 𝑖𝑛 𝑡ℎ𝑖𝑠 𝑚𝑎𝑡𝑒𝑟𝑖𝑎𝑙 𝑟𝑒𝑓𝑙𝑒𝑐𝑡𝑠 𝑝𝑟𝑒𝑣𝑎𝑖𝑙𝑖𝑛𝑔 𝑚𝑎𝑟𝑘𝑒𝑡 𝑐𝑜𝑛𝑑𝑖𝑡𝑖𝑜𝑛𝑠 𝑎𝑛𝑑 𝑜𝑢𝑟 𝑗𝑢𝑑𝑔𝑚𝑒𝑛𝑡 𝑎𝑠 𝑜𝑓 𝑡ℎ𝑒 𝑟𝑒𝑙𝑒𝑎𝑠𝑒 𝑑𝑎𝑡𝑒, 𝑤ℎ𝑖𝑐ℎ 𝑎𝑟𝑒 𝑠𝑢𝑏𝑗𝑒𝑐𝑡 𝑡𝑜 𝑐ℎ𝑎𝑛𝑔𝑒 𝑤𝑖𝑡ℎ𝑜𝑢𝑡 𝑓𝑢𝑟𝑡ℎ𝑒𝑟 𝑛𝑜𝑡𝑖𝑐𝑒.

“BD Expansion Brings a ‘DeepSeek Moment’ for Innovative Drugs” Technological advancements are accelerating transformation and innovation across the pharmaceutical industry. Our Portfolio Manager Zeshi points out that over the past decade, the pharmaceutical sector has experienced shifts in its key investment themes every few years, and innovative drugs have become the most significant industry trend today. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“AI-Powered Manufacturing Is Entering a New Supercycle” AI technologies are becoming increasingly embedded across industries, with deeper integration into the real-world manufacturing economy.Our Portfolio Manager Jiawei believes that the current AI manufacturing cycle is evolving into a new supercycle, distinct from traditional historical cycles. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“True Long-Term Winners Are Driven Not by Price Hikes, but by Innovation” The rapid growth of the AI industry relies on underlying hardware infrastructure, with semiconductors serving as a fundamental cornerstone.Our Portfolio Manager Xiang believes that China’s semiconductor industry is gradually developing its own technological path and is entering a new stage of growth. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“The AI Supercycle Is Far From Over, with a Focus on the Hardware Layer” The AI wave is reshaping global industry value chains and creating abundant investment opportunities.Our Portfolio Manager Xiangjie points out that the current wave of large-scale capital expenditure is not driven by blind expansion, but is supported by genuine underlying industry demand. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“The Market May Reach a Turning Point in the Second Half of the Year” In the first half of the year, technological innovation emerged as the dominant theme in the capital markets. Our Portfolio Manager Jingsong believes that the second half will be a process of “identifying new turning points,” with investors paying attention to four key signals. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

Marking a major upgrade to our investment platform, we officially unveiled Active Research 5.0 at our Mid-Year Investment Strategy Conference in Beijing on July 16. This isn't just an upgrade—it’s a complete paradigm shift： • Moving from star-manager reliance to platform-driven scale • Expanding from local markets to global sector coverage • Pivoting from product pushing to client-led solutions A defining milestone as we set a new benchmark for globalized investment as Chinese asset management enters its next era. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

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The discussion will focus on how Hong Kong brokers can build the next generation of global investing platforms, from 24/5 US trading and AI-driven engagement to multi-asset and tokenized market opportunities.

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