Cathay Fund Management Co., Ltd. announces that the secondary market trading price of its Cathay S&P 500 Exchange-Traded Fund (QDII) (ticker symbol: S&P 500 ETF, trading code: 159612) is significantly higher than the fund’s reference net asset value, resulting in a substantial premium. Investors are hereby advised to be aware of the risks associated with the premium in secondary market trading prices. Investors who invest blindly may suffer significant losses.