Core Points - The Guolian Smart Dividend Equity Fund, originally named Zhongrong Smart Dividend Equity Fund, will terminate its contract as approved by the fund holders' meeting on July 9, 2025, with the last operational day being the same date [1] - The fund's cumulative net asset value on its last operational day was 6.8988 million yuan, down from an initial size of 437 million yuan at inception [1] - The cumulative return rates for the fund's Class A and Class C shares were 1.52% and -1.95%, respectively [1] Fund Management - The fund was co-managed by Chen Xinyu and Zhao Fei, both of whom have extensive backgrounds in investment management [4] - Chen Xinyu has been with Guolian Fund Management since October 2016 and currently manages multiple index funds and one equity fund [4] - Zhao Fei has been with Guolian Fund Management since November 2012 and has managed various equity funds, with a notable underperformance in the Guolian Smart Hedge Fund [4] Performance Metrics - The fund's initial size was 437 million yuan, but it decreased to 6.8988 million yuan by the termination date [1] - The cumulative return for Class A shares was 1.52%, while Class C shares experienced a loss of 1.95% [1] - The Guolian Smart Hedge Fund, managed by Zhao Fei, reported a return of -4.76%, significantly underperforming the category average of 35.19% [4][8]

Core Insights - The Guolian Smart Dividend Equity Fund, previously known as Zhongrong Smart Dividend Equity Fund, will terminate its contract as approved by the fund holders' meeting on July 9, 2025, with the last operational day being the same date [1][3] - The fund's cumulative net asset value decreased significantly from 437 million yuan at inception to 6.8988 million yuan by the last operational day, indicating a substantial decline in investor confidence and fund performance [1][3] Fund Performance Summary - On the last operational day, the cumulative unit net values for Guolian Smart Dividend Equity Fund A/C were 1.0152 yuan and 0.9805 yuan, with cumulative returns of 1.52% and -1.95% respectively [1] - The fund's management team, consisting of Chen Xinyu and Zhao Fei, has faced challenges, with the Guolian Smart Hedge 3-Month Open Mixed Fund underperforming with a return of -4.76% compared to the 35.19% average of its peers over a similar period [3][5] Management Background - Chen Xinyu has been with Guolian Fund Management since October 2016 and currently manages multiple index funds and one equity fund, while Zhao Fei has over a decade of experience in fund management, having joined Guolian Fund in November 2012 [3][5] - Both managers have had mixed performance records, with several funds under their management ranking poorly against their respective categories [5]

Meeting Overview - The meeting will be held via communication method to discuss the termination of the fund contract for the Guolian Zhi Xuan Dividend Stock Investment Fund [2][4] - Voting period for the meeting is from June 5, 2025, to July 8, 2025, with the counting date set for July 9, 2025 [2][3][9] Voting Rights and Procedures - Each fund share grants one voting right [10] - Voting must be conducted through written ballots, which can be downloaded from the fund manager's website [6][20] - The deadline for submitting ballots is crucial, and they must be sent to the designated address [9][11] Proposal for Termination - The main agenda is to discuss the proposal for terminating the fund contract [4][22] - The proposal includes authorizing the fund manager to handle the termination process, including liquidation procedures [19][24] Conditions for Resolution - A quorum of at least half of the total fund shares is required for the meeting to proceed [13][14] - The proposal must receive at least two-thirds approval from the voting rights represented [13] Liquidation Process - Upon approval, the fund will enter a liquidation phase, ceasing all subscription and redemption activities [24][25] - A liquidation team will be established to oversee the process, which includes asset valuation and distribution [24][28] Legal and Technical Feasibility - The termination of the fund contract is legally permissible under the relevant laws and regulations [30] - The fund management and custody teams have prepared for the technical aspects of the liquidation process [29][30]