Core Viewpoint - The Guotai Haitong Shanyuan Balanced Allocation One-Year Holding Mixed Fund of Funds (FOF) is entering liquidation due to its net asset value falling below 50 million yuan for 50 consecutive working days, as per the fund contract [1][2]. Fund Overview - The fund was registered by the China Securities Regulatory Commission on January 20, 2022, and officially commenced operations on July 20, 2022 [1]. - As of November 3, 2025, the fund's net asset value was reported to be below 50 million yuan, triggering the liquidation process [1]. Performance Metrics - The last disclosed net asset values on November 3, 2025, were 1.0256 yuan for Class A and 1.0122 yuan for Class C, with cumulative returns of 2.56% and 1.22%, respectively [2]. Fund Management - The fund manager, Gao Chen, has a background as a fund evaluation analyst and has been with Guotai Junan Securities Asset Management since April 2019. However, the funds he manages have underperformed compared to the average of their peers [3].