白银基金补偿，已有投资者申请成功

Core Viewpoint - The company has launched a compensation plan for investors affected by the significant drop in the net asset value of the Guotou Ruijin Silver Fund, which fell by 31.5% due to valuation adjustments, and has introduced a mini-program on Alipay for processing claims [1][2]. Compensation Plan - The compensation will be tiered based on the impact of the valuation adjustment, with investors affected by amounts below 1,000 yuan receiving full compensation, while those with amounts exceeding 1,000 yuan will receive a percentage of the excess [2]. - Specifically, for amounts between 1,000 and 2,000 yuan, the compensation rate is 35%; for 2,000 to 3,000 yuan, it is 25%; for 3,000 to 5,000 yuan, it is 15%; for 5,000 to 10,000 yuan, it is 10%; and for amounts above 10,000 yuan, it is capped at 5% [2]. Compensation Process - The mini-program for compensation was officially launched on February 26, 2026, to facilitate the claims process for investors [3]. - Investors can expect to receive their compensation within 10 working days after completing the necessary procedures [4]. Source of Compensation Funds - The compensation funds will come from the company's risk reserve and its own funds, ensuring that the independence of the fund's assets and the interests of fund holders are not affected [5]. - The company anticipates that the compensation plan will have a minor negative impact on its net profit for 2026, estimated to be less than 5% of the audited net profit for 2024 [5]. Exclusions from Compensation - Investors who traded on the secondary market or did not redeem their shares are not included in the compensation plan, as the valuation adjustment primarily affected the net asset value used for redemption transactions [6]. - The valuation adjustment did not have a substantial impact on investors who did not redeem their shares on the affected dates [6]. Rationale for Valuation Adjustment - The company adjusted the fund's valuation due to extreme market conditions that caused a significant drop in international silver prices, which would have misrepresented the fund's net asset value if not adjusted [7]. - The adjustment was made in compliance with industry practices, and the company aimed to protect the interests of existing investors by avoiding a "virtual high" in net asset value [7]. Compliance and Investor Experience - The compensation plan is not an admission of wrongdoing regarding the valuation adjustment but rather a proactive measure to address investor concerns and improve their experience [8]. - The company emphasizes its commitment to serving investors and acknowledges the potential "experience gap" between investor expectations and actual outcomes [11].