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Announcement of the effectiveness of the contract of the Wells Fargo Credit Return 12-month Holding Period Hybrid Securities Investment Fund

Announcement date: October 28, 2021

1. Announcement of basic information

2. Fund Raising

concentrate:

(1) In accordance with the relevant regulations, the legal fees, accountants' fees and statutory information disclosure fees related to the Fund before the effective date of the Fund's contract shall be borne by the Fund Manager.

(2) The senior management of the Company, the head of the fund investment and research department have not subscribed for the fund shares of the fund.

(3) The Fund's Manager has not subscribed for the Fund's shares.

3. Other matters that need to be notified

From the effective date of the Fund Contract, the Fund Manager shall commence formal management of the Fund. Fund share holders who subscribe to the Fund can check the transaction confirmation at the sales agency's outlets, or they can check the transaction confirmation through the fund manager's website (www.fullgoal.com.cn) or customer service telephone (400-888-0688).

The acceptance of the application for subscription and redemption by the fund sales institution does not mean that the application is necessarily successful, but only means that the sales organization has indeed received the application for subscription and redemption. The confirmation of subscription and redemption shall be subject to the confirmation result of the registration agency. For the subscription application and the confirmation of the subscription share, investors should promptly inquire and properly exercise their legal rights.

The fund manager may decide the specific date of the fund to start the subscription according to the actual situation in accordance with the law, and the specific business processing time is stipulated in the announcement of the start of the subscription. The fund manager shall commence redemption from the next working day of the shortest holding period of the subscribed shares (i.e. the monthly date after 12 months from the effective date of the fund contract), and the specific business processing time is stipulated in the announcement of the commencement of redemption. After determining the start time of subscription and redemption, the fund manager will announce the start time of subscription and redemption on the prescribed media in accordance with the relevant provisions of the "Information Disclosure Measures" before the opening date of subscription and redemption.

Risk Warning: The Company undertakes to manage and use the assets of the Fund in good faith, diligence and responsibility, but does not guarantee that the Fund will be profitable, nor does it guarantee a minimum return. Investors are advised to be aware of the investment risks. Investors should carefully read the fund contract and prospectus of the fund before investing in the fund.

This is hereby announced.

Wells Fargo Fund Management Limited

October 28, 2021