Core Points - Morgan Fund announced the resignation of fund manager Mao Shichao from eight funds due to personal reasons, leaving him with no managed funds [2][3] - Mao Shichao's resignation took effect on October 22, 2025, and he previously managed the Morgan CSI Carbon Neutral 60 ETF, which was liquidated on April 22, 2025, due to its net asset value falling below 50 million yuan for 50 consecutive working days [3] - Among the eight funds Mao Shichao resigned from, four were established in 2025, with the Morgan CSI 300 Free Cash Flow ETF Link Fund being active for less than four months under his management [3][4] Fund Performance and Risks - The Morgan CSI 300 Index Enhanced Initiation Fund, established in December 2022, had a net asset value of approximately 23.28 million yuan as of the end of the second quarter of 2025, indicating a "mini" status and potential liquidation risk [4] - The fund's contract stipulates that if the net asset value falls below 200 million yuan three years after the contract's effective date, the fund will automatically terminate without the possibility of extension through a shareholder meeting [5]