Core Viewpoint - The announcement highlights the second quarter report of public funds managed by Xingzheng Securities Asset Management Co., emphasizing the commitment to transparency and accuracy in reporting [1] Group 1: Fund Management - Xingzheng Securities Asset Management Co. manages multiple public funds, including the Xingzheng Asset Management State-Owned Enterprise Dividend Preferred Mixed Fund and the Xingzheng Asset Management Golden Qilin Leading Advantage One-Year Holding Period Mixed Fund [1] - The full report for the second quarter of 2025 was disclosed on July 21, 2025, on the company's website and the China Securities Regulatory Commission's fund electronic disclosure website [1] Group 2: Investor Communication - The company assures investors that the fund management will adhere to principles of honesty, diligence, and responsibility, although it does not guarantee profits or minimum returns [1] - Investors are encouraged to understand the risk-return characteristics of the funds and make prudent investment decisions [1]

Core Viewpoint - The leadership transition at Xingzheng Asset Management is expected to enhance its business layout and competitive strength, with a focus on optimizing operations and expanding its public and private fund offerings [4][5]. Group 1: Leadership Changes - Sun Guoxiong has stepped down as Chairman of Xingzheng Asset Management and will transition to a business inspector role, with Liu Yu taking over as Chairman [1][2]. - Liu Yu has a strong background in finance, having served in various significant roles, including as the Executive Director and President of Xingzheng Investment [2][3]. - The management team has been strengthened with the appointment of Yang Hua as General Manager and Zheng Fangbiao as Vice General Manager, following the departure of Xu Xiang [3][5]. Group 2: Business Development - Xingzheng Asset Management has achieved a management scale exceeding 100 billion yuan, marking a 20% increase from the previous year, reaching a new five-year high [5]. - The company has recently obtained a public fund management license, becoming one of the 14 brokerages with such a qualification in the industry [4][5]. - The launch of its first public fund, focusing on dividend strategies and quantitative stock selection, indicates a strategic move to leverage its new public fund license [5].