Group 1 - The core point of the news is the appointment of Liu Fan as the fund manager for the Xingyin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced Fund (024182), effective from July 16, 2025 [1] - As of July 11, 2025, the net value of the Xingyin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced Fund is 0.9999 [1] Group 2 - Liu Fan holds a master's degree in Financial Engineering from Nankai University and is a Financial Risk Manager (FRM) [2] - Liu Fan has previously worked at Ping An Fund Management Co., Ltd. and has been with Xingyin Fund Management Co., Ltd. since November 2020, currently serving as the fund manager for several funds [2] - The funds managed by Liu Fan include the Xingyin Zhongzheng Science and Technology Innovation 50 Index A, which has a scale of 2.22 billion and a return of -34.40% since July 14, 2021 [2] - The Xingyin Zhongzheng Science and Technology Innovation 50 Index A has seen a significant estimated return of 117.84% on a stock called Haiguang Information, held since the fourth quarter of 2023 [2]