Core Viewpoint - The resignation of He Yanping, the general manager of Western Lide Fund, is attributed to "age retirement" and is not related to the gambling incident involving fund manager Xie Wenzeng [1][2][4]. Group 1: Management Changes - He Yanping officially retired on October 4, 2023, after being confirmed for retirement prior to the gambling incident [1][2]. - The company has appointed He Fang, the current chairman, as the acting general manager following He Yanping's departure [2][3]. Group 2: Gambling Incident - Xie Wenzeng, a fund manager at Western Lide Fund, was caught gambling in a Shanghai hotel on September 7, 2023, leading to his dismissal on September 25, 2023 [2][4]. - The timing of He Yanping's retirement and Xie Wenzeng's incident has led to speculation, but the company clarified that the two events are unrelated [1][2]. Group 3: Company Background - Western Lide Fund is a state-controlled fund management company, established on July 20, 2010, with a registered capital of 370 million RMB [3]. - The company is primarily owned by Western Securities (51%) and Lide Technology Co., Ltd. (49%) [3]. Group 4: Product Structure and Performance - The fund has a high proportion of fixed-income products, consistent with its "brokerage system" background, with total fund assets amounting to 116.95 billion RMB, including 23.61 billion RMB in money market funds and 78.90 billion RMB in bond funds [4][5]. - Since He Yanping took over as general manager on November 16, 2015, the company's non-monetary assets have increased from 9.37 billion RMB to 93.32 billion RMB [4]. - The company has launched 16 new funds since 2025, with only three being pure bond funds, indicating a shift towards index funds and a need for improvement in equity fund management [5].