Group 1 - The core viewpoint of the news is that Shengtun Mining experienced a significant drop in stock price, falling by 7.18% to 15.00 CNY per share, with a trading volume of 113 million CNY and a turnover rate of 0.25%, resulting in a total market capitalization of 46.359 billion CNY [1] - Shengtun Mining, established on January 14, 1997, and listed on May 31, 1996, is based in Xiamen, Fujian Province, and its main business includes non-ferrous metal mining and selection, metal industry chain value-added services, and cobalt materials [1] - The revenue composition of Shengtun Mining's main business is as follows: energy metals account for 66.55%, basic metals for 27.88%, and metal trading and others for 5.56% [1] Group 2 - From the perspective of fund holdings, one fund under Baoying Fund has a significant position in Shengtun Mining, with Baoying Core Advantage Mixed A (213006) holding 1.9 million shares, representing 5.1% of the fund's net value, making it the ninth-largest holding [2] - The estimated floating loss for Baoying Core Advantage Mixed A due to the stock price drop is approximately 2.2039 million CNY [2] - Baoying Core Advantage Mixed A was established on March 17, 2009, with a current scale of 553 million CNY, and has achieved a year-to-date return of 8.05%, ranking 2613 out of 9000 in its category [2]

Group 1 - The core viewpoint of the news is that Shengtun Mining experienced a 5.2% drop in stock price, closing at 16.94 yuan per share, with a trading volume of 550 million yuan and a turnover rate of 1.04%, resulting in a total market capitalization of 52.355 billion yuan [1] - Shengtun Mining, established on January 14, 1997, and listed on May 31, 1996, is located in Xiamen, Fujian Province. The company primarily engages in non-ferrous metal mining and selection, metal industry chain value-added services, and cobalt materials business, with its main business revenue composition being 66.55% from energy metals, 27.88% from basic metals, and 5.56% from metal trading and others [1] Group 2 - From the perspective of fund holdings, one fund under Baoying Fund has a significant position in Shengtun Mining. The Baoying Core Advantage Mixed A Fund (213006) held 1.9 million shares in the fourth quarter, accounting for 5.1% of the fund's net value, making it the ninth largest holding. The estimated floating loss today is approximately 1.767 million yuan [2] - The Baoying Core Advantage Mixed A Fund (213006) was established on March 17, 2009, with a latest scale of 553 million yuan. Year-to-date, it has achieved a return of 10.84%, ranking 1685 out of 8872 in its category; over the past year, it has returned 27.23%, ranking 4694 out of 8126; and since inception, it has returned 293.92% [2]

Announcement Information - The fund will open for subscription, redemption, and conversion from November 5, 2025, to November 11, 2025 [1][2] Subscription and Redemption Procedures - During the open period, investors can process subscription and redemption during the trading hours of the Shanghai and Shenzhen Stock Exchanges, except when the fund manager announces a suspension [1][2] - The next closed period will be from November 12, 2025, to November 12, 2027, during which no subscription, redemption, or conversion will be processed [2] Subscription Details - The minimum subscription amount is set at 1 yuan, and the maximum subscription amount during the open period is limited to 10,000 yuan [3][4] - The A-class fund shares will incur a subscription fee that decreases with the increase in subscription amount, while C-class shares will not incur any subscription fee [4] Redemption Details - The minimum redemption amount is set at 1 share, and if a redemption request results in a balance of less than 1 share, the remaining shares must also be redeemed [6] - Redemption fees are structured based on the holding period of the shares [6][7] Conversion Details - Fund conversion fees consist of the redemption fee from the outgoing fund and any difference in subscription fees between the outgoing and incoming funds [8][9] - The minimum conversion amount is set at 1 share, and conversions can only occur between funds managed by the same company [13][15] Sales Institutions - The fund can be purchased through various sales institutions, including direct sales channels and multiple banks and securities firms [18][19] Fund Net Value Announcement - The fund manager will disclose the net value of fund shares and cumulative net value on the following trading day through specified websites and sales institutions [20] Other Important Information - The fund operates on a periodic open basis, allowing subscription and redemption only during the open period, while no transactions will occur during the closed period [21][22]