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Group 1 - The core viewpoint of the article emphasizes the importance of understanding the rules of fund information disclosure, particularly regarding the timing of portfolio updates and the obligations of fund managers to report changes [2][3][4]. - Investors often mistakenly believe that fund managers must immediately announce any changes in holdings, leading to confusion when discrepancies arise between estimated net values and officially published net values [2][3]. - The article clarifies that fund managers are required to disclose detailed holding information in periodic reports such as quarterly, semi-annual, and annual reports, rather than announcing each adjustment individually [3][5][6]. Group 2 - The article outlines the regulatory framework governing fund information disclosure, including specific timelines for the completion and publication of annual, semi-annual, and quarterly reports [5][6]. - Fund managers must complete the annual report within three months after the end of the year, the semi-annual report within two months after the end of the first half, and the quarterly report within fifteen working days after the end of each quarter [5][6]. - The article also highlights the necessity for financial statements in annual reports to be audited by certified accounting firms in accordance with securities law [6].