Group 1 - Tianma Technology (603668.SH) released its 2025 semi-annual report on August 27, 2025, indicating that 11 institutional investors disclosed holdings in the company, totaling 117 million shares, which represents 23.28% of the total share capital [1] - The top ten institutional investors include Fujian Tianma Investment Development Co., Ltd., Hainan Beiheng Private Fund Management Center (Limited Partnership) - Beiheng No. 13 Private Securities Investment Fund, and others, with their combined holding ratio increasing by 2.16 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Guotai Zhongzheng Animal Husbandry ETF, increased its holdings by 0.17% compared to the previous period [2] - Three public funds, including Qianhai Kaiyuan Hong Kong-Shenzhen Agriculture Mixed (LOF) A, Everbright Baodexin Anrui One-Year Bond A, and 2000 Enhanced ETF, reduced their holdings by 0.14% compared to the previous quarter [2] - Two new public funds were disclosed this period, namely,招商稳旺混合A and Guotai Zhongzheng 2000 ETF, while four public funds were not disclosed this period, including Penghua Hongze Mixed A and others [2]

Group 1 - The core point of the news is the appointment of Wang Gang as the new fund manager for the Zhaoshang Stable Growth Mixed Fund (012998) effective from July 29, 2025, alongside existing managers Hou Jie, Sun Lushen, and Yang Ruijia [1] - As of July 28, 2025, the net value of the Zhaoshang Stable Growth Mixed Fund was 1.1722, reflecting a decrease of 0.12% from the previous day, while it has increased by 15.66% over the past year [1] Group 2 - Wang Gang holds a master's degree and has extensive experience in asset management, having worked at various firms including China Insurance Asset Management, Taikang Asset Management, and Zhaoshang Fund Management [2] - His management history includes several funds, with notable performance metrics such as a return of 67.34% for Zhaoshang Fengze Mixed A since July 28, 2017, and 68.92% for Zhaoshang Fengmei Mixed A over the same period [3] - Wang Gang's management of Zhaoshang Fengze Mixed A involved a significant investment in Zhuosheng Microelectronics, yielding an estimated return of 253.52% from the initial purchase price [3]