Group 1 - Nord Fund announced the retirement of Chairman Pan Fuxiang due to reaching the legal retirement age on August 29, 2025 [1][5] - Pan Fuxiang has been a significant figure in the investment industry, known for his long tenure as an investment professor at Tsinghua University since 1991 and for co-founding Nord Fund in 2004 [1][6] - Under Pan's leadership, the asset management scale of Nord Fund increased nearly ninefold from the end of 2015 to July 2025 [1] Group 2 - Zheng Chengwu, who also has a background from Tsinghua University, will succeed Pan Fuxiang as the new Chairman of Nord Fund [2][8] - Zheng Chengwu has extensive experience in various leadership roles across different companies, including Tsinghua Holdings and other enterprises [4][8] Group 3 - Nord Fund was established in 2006 and has undergone changes in its ownership structure, currently being led by local state-owned assets [9] - The company emphasizes a core development philosophy focused on stable investment, value discovery, and long-termism, with a commitment to providing diverse product offerings and sustainable investment returns [9][10] - Nord Fund currently manages 44 public mutual fund products across various categories, including money market funds, bond funds, mixed funds, stock funds, and FOF funds [9]