Group 1 - The core point of the article is the appointment of Hu Qiaoyun as a new fund manager for the Xinao Hongli Smart Selection Mixed Fund (020657), effective from October 16, 2025, alongside Lin Jingyi [1] - As of October 15, 2025, the net value of the Xinao Hongli Smart Selection Mixed Fund was 1.0695, reflecting a daily increase of 0.63% and an annual increase of 8.82% [1] - Hu Qiaoyun holds a master's degree in insurance from Xiamen University and has prior experience as an analyst at Shanghai Shenwan Hongyuan Securities Research Co., Ltd. from July 2018 to May 2025 [1] Group 2 - Hu Qiaoyun has been managing the Xinao Vision Value Mixed Fund since August 1, 2025, with a current scale of 0.37 billion and a return of 20.57% [1] - She also manages the Xinao Vision Value Mixed Fund C, which has a scale of 0.10 billion and a return of 20.40% since August 1, 2025 [1]