Group 1 - The core point of the article is the appointment of Xue Zhen as the new chairman of Dongwu Fund, succeeding Ma Zhenya, who has served for nearly seven years and will transition to a senior supervisory role due to age [1][2][3][4] - Dongwu Fund was established on September 2, 2004, and as of the end of Q2 this year, it manages a non-monetary fund scale of 26.3 billion yuan, ranking 95th in the industry [1][5] - The major shareholders of Dongwu Fund are Dongwu Securities, which holds 70% of the shares, and Hailan Group, which holds the remaining 30% [5] Group 2 - Under the management of Liu Yuanhai, the equity investment director, the scale of managed funds has increased significantly from less than 900 million yuan at the end of Q2 2022 to 6.408 billion yuan at the end of Q2 this year, contributing to a total equity fund management scale of 9.619 billion yuan [5] - Despite the growth in non-monetary fund scale, Dongwu Fund faces challenges with performance differentiation in equity funds, as some funds have seen significant declines in net value over the past five years [7]