Group 1 - Zhang Xiaolei has resigned from the positions of fund manager at Guodu Jucheng and Guodu Innovation Driven [1] - Zhang Xiaolei joined Guodu Securities in September 2014 as an analyst and assistant fund manager, currently serving as a fund manager [1] - Guodu Jucheng Mixed Fund was established on March 25, 2021, with a year-to-date return of 14.20% and a cumulative return of -36.16%, resulting in a net value of 0.6384 yuan as of February 3, 2026 [1] - Guodu Innovation Driven Mixed Fund was established on December 28, 2015, with a year-to-date return of 5.95% and a cumulative return of -14.85%, resulting in a net value of 0.8590 yuan as of February 3, 2026 [1] Group 2 - Guodu Jucheng Mixed Fund has a main code of 011389 and is managed by Guodu Securities [2] - Guodu Innovation Driven Mixed Fund has a main code of 002020 and is also managed by Guodu Securities [2] - The change in fund manager for both funds is classified as a dismissal, with Zhang Xiaolei being the departing manager [2]

Core Viewpoint - Guodu Securities announced the resignation of fund manager Liao Xiaodong due to "approaching retirement age," which is a rare reason for departure in the public fund industry [1][3]. Group 1: Fund Manager Details - Liao Xiaodong served as the fund manager for Guodu Innovation-Driven Flexible Allocation Mixed Securities Investment Fund and Guodu Ju Cheng Mixed Fund [2]. - His resignation took effect on January 4, 2026, and he will not transition to another position within the company [3]. - Liao Xiaodong has no other funds under management following this resignation [3]. Group 2: Fund Performance - The two funds managed by Liao Xiaodong have small scales, with Guodu Innovation-Driven at 0.11 billion and Guodu Ju Cheng at 0.12 billion [5]. - The performance of the funds under his management has been negative, with returns of -24.40% for Guodu Quantitative Selected Mixed Fund, -63.78% for Guodu Innovation-Driven Fund, and -44.10% for Guodu Ju Cheng Fund [5]. Group 3: Company Overview - Guodu Securities was established in December 2001 and has undergone a transformation from a limited liability company to a joint-stock company [5]. - The company engages in alternative asset investment and private equity fund business through its wholly-owned subsidiaries, covering various sectors including financial products, real estate, mining, securitized assets, and bulk commodities [5]. - In the first half of 2025, Guodu Securities reported an operating income of 749 million, a year-on-year decrease of 4.42%, and a net profit attributable to shareholders of 358 million, down 8.1% year-on-year [5].

Group 1 - Liao Xiaodong has resigned from his positions at Guodu Securities, including roles in Guodu Innovation Driven and Guodu Ju Cheng [1] - Liao Xiaodong has a diverse background, having worked as a teacher, project manager, and in various roles within Guodu Securities [1] - Guodu Innovation Driven, established on December 28, 2015, has a year-to-date return of 2.20% and a cumulative return of -17.87%, with a net value of 0.8300 as of January 5, 2026 [1] - Guodu Ju Cheng, established on March 25, 2021, has a year-to-date return of 2.93% and a cumulative return of -42.46%, with a net value of 0.5754 as of January 5, 2026 [1] Group 2 - The announcement regarding the resignation of Liao Xiaodong was made in accordance with the "Publicly Raised Securities Investment Fund Information Disclosure Management Measures" [2] - Liao Xiaodong's resignation affects both Guodu Innovation Driven and Guodu Ju Cheng funds, which will continue to be managed by other fund managers [2]

Core Viewpoint - The report outlines the performance and management strategies of Guodu Innovation Driven Fund for the second quarter of 2025, highlighting the fund's investment objectives, strategies, and financial performance during the reporting period [2][4]. Fund Product Overview - Fund Name: Guodu Innovation Driven - Fund Code: 002020 - Fund Type: Contractual open-end fund - Effective Date: December 28, 2015 - Total Fund Shares at Period End: 15,551,291.99 shares - Investment Objective: To actively manage and pursue long-term stable growth while effectively controlling risks and maintaining good liquidity [2][4]. - Investment Strategy: Focus on macro analysis and industry characteristics to identify key sectors, with an emphasis on independent judgment and selection of quality stocks [2][4]. - Performance Benchmark: 80% of CSI 300 Index return + 20% of China Bond Index return [2][4]. Financial Indicators and Fund Performance - Fund Net Value at Period End: 0.629 RMB - Cumulative Net Value: 0.669 RMB - Fund Net Value Growth Rate: -1.41% - Benchmark Growth Rate: 1.24% [8]. - Fund experienced a decline in net asset value below 50 million RMB for 60 consecutive working days during the reporting period [8]. Management Report - The fund manager adhered to relevant laws and regulations, ensuring the management of fund assets was conducted with integrity and diligence [7]. - No violations or irregularities were reported during the management of the fund [7]. Investment Portfolio Report - Total Value of Stocks Held: 7,061,225.20 RMB, accounting for 71.21% of total fund assets [9]. - Major Industries Represented: - Manufacturing: 5,346,999.20 RMB (54.68%) - Mining: 277,200.00 RMB (2.83%) - Information Technology Services: 628,629.00 RMB (6.43%) - Environmental Management: 420,239.00 RMB (4.30%) [9][10]. Fund Share Changes - Total Fund Shares at Beginning of Period: 15,880,354.76 - Total Subscription Shares During Period: 243,472.65 - Total Redemption Shares During Period: 572,535.42 - Total Fund Shares at End of Period: 15,551,291.99 [6].