Group 1 - Yang Longlong has resigned from multiple funds managed by CITIC Construction Investment Fund due to personal reasons, effective June 26, 2025 [2][3] - The new fund manager for the four funds previously managed by Yang Longlong is Shao Yanqi, while Pan Hongyu will manage the CITIC Construction Investment Jingrun 3-Month Open-End Bond Fund [2][3] - Shao Yanqi has a background as a macro researcher at Tsinghua University and has been with CITIC Construction Investment Fund since March 2022 [3] Group 2 - The largest fund among those managed by Yang Longlong is the CITIC Construction Investment Stable Wealth 63-Month Bond Fund, with an asset net value of approximately 8.028 billion yuan as of the end of Q1 2025 [4] - The unit net value growth since the fund's inception is 19.48%, with a 1-year growth of 3.80% [4] - The other funds managed by Yang Longlong have the following asset net values: CITIC Construction Investment Jingsheng Bond Fund at approximately 688 million yuan, CITIC Construction Investment Jingrun 3-Month Open-End Bond Fund at 520 million yuan, and CITIC Construction Investment Stable Wealth Fund at 1.508 billion yuan [4] Group 3 - A significant portion of the funds managed by Yang Longlong are held by single institutions, with the CITIC Construction Investment Stable Wealth 63-Month Bond Fund having 37.50% held by one institution, and the CITIC Construction Investment Jingrun 3-Month Open-End Bond Fund having 99.93% held by a single institution [4]