鹏扬消费行业混合发起式清盘

Group 1 - The core point of the article is the announcement of the liquidation report for the Pengyang Consumer Industry Mixed Initiated Securities Investment Fund, which will automatically terminate due to its net asset value falling below 200 million yuan by August 9, 2025 [1] - The fund contract became effective on August 9, 2022, and stipulates that if the net asset value is below 200 million yuan three years after the contract's effective date, the fund will automatically terminate without the possibility of extension through a meeting of fund shareholders [1] - As of the last disclosed net value on August 8, 2025, the cumulative unit net values for the fund's A/C shares were 1.1708 yuan and 1.1570 yuan, with cumulative returns of 17.08% and 15.7% respectively [1] Group 2 - The fund manager, Cao Min, has a background that includes roles as a research assistant at Lehman Brothers Asia, a researcher at Nomura Securities, and an investment executive at Fosun Group, and is currently the fund manager at Pengyang Fund Management [2]