Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-07 23:40Fund Overview - The fund in question is the Zhongyin Securities Huize Progress 3-Month Holding Period Mixed Fund of Funds (FOF), which is categorized as a fund of funds [1] - The fund was established on July 7, 2022, and is managed by Zhongyin International Securities Co., Ltd. with the custodian being Industrial and Commercial Bank of China [1] Termination Trigger - The fund contract stipulates that if the net asset value (NAV) falls below 200 million yuan after three years from the contract's effective date, the fund must be liquidated without convening a meeting of fund shareholders [2] - As of July 7, 2025, the fund's NAV is below 200 million yuan, triggering the termination clause of the fund contract [2] Business Operations - From May 28, 2025, the fund has suspended subscription, conversion, and regular investment activities, but shareholders can still redeem or transfer their holdings [3] - A redemption period is set from July 8 to July 14, 2025, during which shareholders can redeem their shares without incurring the minimum holding period restrictions [3] Redemption Fees - During the redemption period, Class C shares will not incur redemption fees, while Class A shares will have specific redemption fee rates based on the holding period [4] Liquidation Process - A liquidation team will be established within 30 working days after the termination of the fund contract, supervised by the China Securities Regulatory Commission (CSRC) [5] - The liquidation team will consist of members from the fund management and custody companies, as well as certified public accountants and lawyers [5] Liquidation Steps - The liquidation process includes taking control of the fund's assets, confirming debts, valuing and liquidating assets, and preparing a liquidation report [6] - The liquidation report will be audited by an external accounting firm and reviewed by a law firm before being submitted to the CSRC [6] Distribution of Remaining Assets - After deducting liquidation costs and settling any debts, the remaining assets will be distributed to shareholders based on their shareholding proportions [8] Announcement of Liquidation - Major events during the liquidation process will be announced promptly, and the liquidation report will be published within five working days after CSRC approval [10]