“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#