Our company is based on various systems and specifications, supplemented by the audit, to ensure the independence and isolation of the investment management of various assets from different perspectives. In terms of the organizational structure and the post setting, the assets of all managed accounts are kept separately in custodian banks and the mutual fund managers and mandate accounts managers are not allowed to serve each other concurrently. At the same time, our company implements the "centralized trading room" mechanism, and the trading department and investment department belong respectively to the back and front office and independent of each other; all company's departments implement functional isolation and physical isolation. Moreover, we strictly manage and supervise the transaction fairness and conflicts of interest and related transactions by executing relevant systems and processes and regularly evaluating relevant risks. The specific transaction fairness and abnormal transactions control are divided into pre transaction execution part and post independent supervision step.