Core Viewpoint - The announcement details the first dividend distribution for the year 2025 from the Guangfa Jirui Bond Fund, highlighting the distribution plan and relevant dates for investors [1] Summary by Sections Dividend Distribution Details - The dividend distribution is based on the net asset value as of November 11, 2025, with specific amounts allocated per 10 units of fund shares for different classes: - Guangfa Jirui Bond A (Code: 003037) has a net value of 1.10 yuan and will distribute 0.43 yuan - Guangfa Jirui Bond C (Code: 003038) has a net value of 1.06 yuan and will distribute 0.27 yuan - Guangfa Jirui Bond E (Code: 025227) has a net value of 1.10 yuan and will distribute 0.43 yuan [1] Key Dates - The record date for dividend eligibility is December 2, 2025, and the cash dividend payment date is December 3, 2025 - Investors opting for reinvestment will have their shares calculated based on the net asset value on December 2, 2025, with the ability to check their investment status starting December 4, 2025 [1] Tax and Fees - The fund's dividend distribution is exempt from income tax as per relevant laws and regulations - There are no fees charged for the dividend distribution [1]

Core Insights - New City (300778.SZ) released its semi-annual report for 2025, indicating a significant presence of institutional investors in its A-shares [1] Institutional Holdings - As of August 25, 2025, seven institutional investors disclosed holdings in New City A-shares, totaling 122 million shares, which represents 59.72% of the company's total equity [1] - The institutional ownership increased by 0.99 percentage points compared to the previous quarter [1] Public Fund and Foreign Investment - One new public fund was disclosed during this period, namely the Guangfa Jirui Bond A [1] - Three foreign institutions disclosed their holdings, including BARCLAYS BANK PLC, UBS AG, and MORGAN STANLEY & CO. INTERNATIONAL PLC [1]