白银基金，最新公告！

Core Viewpoint - The announcement from Guotou Ruijin regarding the silver LOF fund reflects a significant adjustment in valuation due to extreme market conditions, aiming to ensure fair treatment of all investors and avoid preferential redemption practices [1][4]. Summary by Sections Announcement and Response - Guotou Ruijin acknowledges the trust and concerns of investors, stating that they are actively addressing these issues with a dedicated work plan to protect the rights of investors, especially small and medium-sized ones [1][4]. Compensation Plan - The compensation plan applies to individual investors who redeem their shares between January 30, 2026, and February 2, 2026, excluding institutional investors [3]. - For individual investors with valuation adjustments affecting amounts below 1,000 yuan, the compensation will be the full amount of the impact, which constitutes over 90% of the redeeming investors [4]. - For those exceeding 1,000 yuan, the compensation will be calculated based on a specific formula that includes the excess amount [4]. - Investors can process their claims through an Alipay mini-program, which will be operational from February 26, 2026, to facilitate a smooth resolution [4]. Market Context and Valuation Adjustment - The extreme volatility in silver prices, with a drop exceeding 36% on January 30, led to a significant disparity between domestic and international prices, necessitating a valuation adjustment to prevent inflated net asset values [6][5]. - The adjustment is in line with regulatory guidelines that allow fund managers to reassess asset values when market conditions do not reflect true asset worth, ensuring fair treatment of all investors [6][7]. Regulatory and Operational Justification - The adjustment is not a denial of the previous valuation but a proactive measure to enhance investor experience and protect their rights [5]. - The fund management's decision to adjust valuations is supported by regulatory frameworks that emphasize the need for fair and reasonable asset valuation, especially in volatile market conditions [6][7].