Core Viewpoint - Li Huanghai has been dismissed as the fund manager of the Fuyuan Fuyuan Bond Fund, which has shown poor performance since its inception [1][2]. Group 1: Fund Manager Background - Li Huanghai has held various positions in the investment industry, including roles at Shenzhen Blue Sky Fund Management, Peninsula Investment Fund, and Morgan Stanley Huaxin Fund [1]. - He joined Fuyuan Fund Management in July 2020 after a series of roles in different financial institutions [1]. Group 2: Fund Performance - The Fuyuan Fuyuan Bond Fund A/C was established on February 7, 2018, and has reported a year-to-date return of 0.51% and 0.38% for its respective classes [1]. - Since its inception, the fund has experienced a return of -7.30% and -14.95%, with cumulative net values of 0.9338 yuan and 0.8603 yuan for the two classes [1]. Group 3: Fund Management Information - The fund is managed by Fuyuan Fund Management Co., Ltd., and the announcement of the manager's dismissal is in accordance with the relevant disclosure regulations [2]. - Other co-managers of the fund include Wu Min and Guo Xiu [2].

中国经济网北京10月29日讯 今日，富荣基金公告，富荣富乾债券增聘过秀。 过秀2008年7月至2012年6月在招商基金管理有限公司担任基金会计，2012年6月至2013年5月在国海 证券股份有限公司担任固定收益研究员，2013年5月至2015年7月在世纪证券有限责任公司担任债券交易 员，2015年7月至2020年7月在摩根士丹利华鑫基金管理有限公司担任债券交易员，2020年8月加入富荣 基金，历任富荣基金管理有限公司专户部投资经理、兼专户部总经理助理，现任富荣基金管理有限公司 基金经理。 富 荣 富 乾 债 券 A/C 成 立 于 2018 年 2 月 7 日 ， 截 至 2025 年 10 月 28 日 ， 其 今 年 来 收 益 率 为-0.07%、-0.20%，成立来收益率为-7.83%、-15.44%，累计净值为0.9287元、0.8556元。 | 基金名称 | 富荣富乾债券型证券投资基金 | | --- | --- | | 基金简称 | 富荣富乾债券 | | 基金主代码 | 004792 | | 基金管理人名称 | 富荣基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 ...

Core Viewpoint - The report from Furong Fund indicates that the Furong Medical Health Mixed Fund will enter liquidation due to its total fund size falling below 200 million RMB by June 28, 2025, which triggers the termination clause in the fund contract [1] Fund Performance Summary - The fund was established on June 28, 2022, and will cease operations on June 28, 2025, with a total fund size of 12,369,681.57 shares at the end of its operation [1] - The net asset value for Class A shares is 0.7920 RMB, with a total of 11,555,608.85 shares, while Class C shares have a net asset value of 0.7825 RMB and a total of 814,072.72 shares [1] - The fund has experienced cumulative losses of 20.8% for Class A and 21.75% for Class C over its three-year lifespan [1] Management Background - The fund has been managed by Li Huanghai since its inception, who has extensive experience in various investment roles across multiple firms [2] - Currently, Li Huanghai also manages three other funds, with only one, Furong Fuyue Mixed Fund, slightly outperforming its peers, while the other two, including Furong Value Selection Mixed Fund, have seen significant declines, with the latter down over 38% in nearly two years [2]