Core Viewpoint - The company plans to reappoint Beijing Dehao International Accounting Firm as its auditor for the fiscal year 2025, with a total audit fee of 1 million yuan, maintaining the same level as the previous year [2][10]. Group 1: Appointment of Accounting Firm - The proposed accounting firm is Beijing Dehao International Accounting Firm, established on December 8, 2008, with 66 partners and 300 registered accountants [2]. - The firm reported a total revenue of 43.51 million yuan for 2024, with audit business revenue of 29.24 million yuan and securities business revenue of 22.57 million yuan [2]. - The firm has audited 125 listed companies in 2024, primarily in manufacturing, information transmission, software, and retail sectors [2]. Group 2: Investor Protection and Integrity - The professional risk fund at the end of the previous year was 1.05 million yuan, and the total compensation limit for purchased professional insurance is 300 million yuan [3]. - Over the past three years, the firm has not faced any criminal penalties or administrative penalties related to its professional conduct [4]. - The firm has had two administrative regulatory measures in the last three years, with 35 employees facing various regulatory actions [4][7]. Group 3: Audit Project Information - The proposed project partner is Zhao Huantong, who has been a registered accountant since April 2016 and has signed two audit reports for listed companies in the last three years [6]. - The proposed signing accountant is Fan Jingjing, who has signed one audit report for a listed company and one for a new third board company in the last three years [6]. - The quality control reviewer is Zhang Lifang, who has signed five audit reports for listed companies in the last three years [6]. Group 4: Audit Fees - The total audit fee for 2025 is set at 1 million yuan, with 650,000 yuan for financial statement audits and 350,000 yuan for internal control audits, remaining unchanged from the previous year [8][10]. Group 5: Board and Shareholder Meeting - The board of directors approved the reappointment of the accounting firm with a unanimous vote of 7 in favor, 0 against, and 0 abstentions [10][15]. - The proposal will be submitted to the shareholders' meeting for approval, which is scheduled for December 19, 2025 [28][30].

Group 1 - The fund is named E Fund ChiNext 50 Exchange-Traded Open-Ended Index Fund Linked Fund, with A class code 026095 and C class code 026096 [20] - The fund is a contractual open-ended index fund and linked fund, with an indefinite duration [20] - The fund aims to closely track the performance benchmark, minimizing tracking deviation and tracking error [21] Group 2 - The initial fundraising cap for the fund is set at 8 billion RMB, excluding interest accrued during the fundraising period [2] - If the total valid subscription amount exceeds 8 billion RMB, the fund manager will implement a proportionate confirmation method to control the scale [2][3] - The calculation method for the proportionate confirmation on the last day is provided, ensuring that the total valid subscription amount is managed effectively [3] Group 3 - The fund will be publicly offered from December 1, 2025, to December 26, 2025, with the possibility of adjusting the fundraising period based on subscription conditions [4][23] - The minimum subscription amount for individual investors through non-direct sales institutions is set at 1 RMB, while the minimum for direct subscriptions is 50,000 RMB [5][6] Group 4 - The fund's investment target is to invest at least 90% of its net asset value in the target ETF [15] - The fund will not open conversion services between different share classes initially, but may do so in the future [2] Group 5 - The fund's underlying index is the ChiNext 50 Index, which consists of the top 50 stocks based on average daily trading volume over the last six months [9][10] - The index is calculated using a weighted method, ensuring real-time updates based on stock prices and weights [12]

Core Viewpoint - The Shanghai Financial Court ruled on the bond issuance false statement case involving Shanghai Huaxin International Group, determining that five institutions share 14.5% of the liability for the plaintiff's loss of 128 million yuan, amounting to over 18.56 million yuan [3][14]. Summary by Sections Case Background - The bonds in question were issued by Shanghai Huaxin in 2017, with a total issuance amount of 2.5 billion yuan and a coupon rate of 7.5% [3]. - The total amount of bonds issued by the issuer from 2014 to 2017 exceeded 40 billion yuan, indicating the case's significant scale and the number of affected investors [3]. Legal Proceedings - The focus of the dispute included whether Shanghai Huaxin engaged in false statements, the materiality of such statements, and the relationship between the plaintiff's investment losses and these statements [5]. - The court found that Shanghai Huaxin had concealed numerous related parties and failed to disclose significant related transactions, which severely impacted investors' judgment regarding the company's financial health [9][10]. Evidence and Investigation - The plaintiff's legal team undertook extensive investigations, analyzing bond prospectuses and related transactions to establish evidence of false statements [6]. - The complexity of the corporate structure of Shanghai Huaxin, with over 70 associated companies, posed challenges in tracing the relationships and transactions [6][7]. Court's Findings - The court recognized that the issuer had hidden at least 29 related parties and misrepresented transaction amounts, which constituted significant false statements [9]. - The court set March 1, 2018, as the disclosure date, coinciding with media reports about the investigation of the actual controller of Huaxin [10]. Loss Assessment - A third-party expert opinion was commissioned to assess the losses incurred by investors, distinguishing between losses due to false statements and those from other factors [11]. - The assessment concluded that approximately 1.28 billion yuan of the total losses were attributable to false statements, with a detailed breakdown of the contributing factors to the bond price decline [12][13]. Implications for Investor Rights - The ruling sets a precedent for investor claims in cases of false statements without prior regulatory investigations, providing a new avenue for investor protection [16]. - The case highlights the importance of establishing recognized standards for loss assessment models to ensure judicial credibility and consistency in similar cases [15].