[Change of shareholders holding more than 5% of the shares of Quanguo Fund Wang Wangobin’s 35% equity transfer to employee stockholding] On November 4, the China Securities Regulatory Commission recently disclosed the “Reply on Approving the Change of Shareholders Holding More than 5% of Quanguo Fund Management Co., Ltd.”, approving the founder and general manager of Quango Fund Li Yunliang, Shanghai Quan Zhiqing Enterprise Management Center (Limited Partnership) (referred to as: Quan Zhiqing), Shanghai Quan Zhiche Enterprise Management Management Center (Limited Partnership) (abbreviation: Quan Zhiche) became a shareholder of Quanguo Fund holding more than 5% of the shares, and had no objection to Li Yunliang, Quan Zhiqing, and Quan Zhiche receiving Quango Fund's capital contributions of 6 million yuan, 4.2701 million yuan, and 6.2499 million yuan respectively (accounting for 6%, 4.2701%, and 6.2499% of the registered capital respectively). It is understood that the 35% stake held by Wang Guobin, the founder and former general manager of Quanguo Fund, will be transferred to the company’s employees. Quanguo Fund launched its first employee stock ownership plan this year, covering front, middle and back-end positions such as investment research, market, compliance, risk control, products, operations, and IT. (Reporter Feng Qijuan)