Core Viewpoint - The report indicates that the Fuan Da New Power Flexible Allocation Mixed Securities Investment Fund will be terminated and enter liquidation, with the last operational day being December 10, 2025, and the liquidation period from December 11 to December 12, 2025 [1]. Fund Termination Details - The fund was registered with the China Securities Regulatory Commission under document number 1475 in 2015 and the fund contract became effective on December 7, 2016 [1]. - A resolution to terminate the fund was passed during a meeting of fund shareholders on December 9, 2025, and the decision will take effect on December 11, 2025 [1]. Fund Performance - As of the last disclosed net value date on December 11, 2025, the cumulative unit net value of the fund was 1.0560 yuan, with a cumulative return rate of 5.61% [1]. - The fund's performance for the year shows a growth of 21.13%, while the one-year return is 32.79% [3]. Fund Management - The last fund manager was Yang Hong, who has a background in the telecommunications sector and has held various positions in asset management and research [5]. - Yang Hong has been managing the fund since April 20, 2023, and currently oversees 10 funds, most of which have underperformed relative to their average returns [5].

Group 1 - The core announcement is regarding the convening of a meeting for the holders of the Fuyanda New Power Flexible Allocation Mixed Securities Investment Fund to discuss the termination of the fund contract [2][39]. - The meeting will be held via communication methods including paper voting, network voting, and telephone voting, with the voting period from November 13, 2025, to December 8, 2025 [2][12][15]. - The rights registration date for fund holders to participate in the meeting is set for November 12, 2025 [9]. Group 2 - The agenda for the meeting includes the proposal to terminate the fund contract, which requires a two-thirds majority approval from the participating fund holders [7][35]. - If the proposal is approved, the fund will enter a liquidation process, and no new subscriptions or transfers will be accepted thereafter [44][45]. - The fund management company will organize the liquidation process under the supervision of the fund custodian and relevant authorities [45][54]. Group 3 - Fund holders can authorize others to vote on their behalf, and the authorization must be submitted in a specified format [19][21]. - The voting process will be monitored and audited to ensure transparency and compliance with regulations [30][31]. - The management company has prepared for potential risks, including the possibility of the proposal being rejected or the meeting not reaching quorum [55][56].