Group 1 - Wang Pin has resigned as the fund manager of the Xingquan Global Vision Equity Fund due to personal reasons and will not take on any other positions within the company [1][2] - This marks Wang Pin's second resignation from a fund product in the year, having previously stepped down from the Xingquan He Yuan Two-Year Holding Mixed Fund in March [2] - Since Wang Pin's management began in September 2017, the Xingquan Global Vision Equity Fund has achieved a return of 102.20% [2] Group 2 - The Xingquan He Yuan Two-Year Holding Mixed Fund has experienced a return of -18.19% as of March 6, 2025, when Wang Pin left [2] - The fund was established in April 2021 with an initial net subscription amount of approximately 4.032 billion, but by the end of Q3 2025, its net asset value had decreased to about 1.949 billion [2] - As of December 24, 2025, the fund's unit net value has decreased by 6.41% since inception, with a 28.35% increase over the past year and an 11.35% decrease over the last three months [3] Group 3 - The fund's investment strategy focuses on trending sectors, with a significant allocation of 92.95% in stocks and 4.53% in bonds as of Q3 [3] - The fund has increased its allocation to the computing power-related industry chain and plans to focus on growth industries represented by AI, VR/AR, robotics, and innovative pharmaceuticals [3] - In Q2, the fund also increased its allocation to the innovative pharmaceutical sector while considering uncertainties related to tariffs [3]