Core Points - The announcement from Taikang Fund Management indicates the termination and liquidation of the Taikang Advanced Materials Equity Fund due to its net asset value falling below 200 million RMB as of July 26, 2025 [1][2] - The fund was established on July 26, 2022, and has shown negative cumulative returns of -1.93% and -3.37% for its A and C share classes, respectively, as of the last operating day [2][3] - Liu Shaojun has managed the fund since its inception and will continue to manage the Taikang Resource Selection Equity Fund, which is currently in the process of being launched [2][3] Fund Details - The Taikang Advanced Materials Equity Fund was officially launched on July 26, 2022, and will be liquidated on July 28, 2025, after a total of 3 years and 3 days of operation [3] - The fund's cumulative unit net values were recorded at 0.9807 RMB for A shares and 0.9663 RMB for C shares [2] - The fund's performance ranked 1461 out of 2551 in its category for A shares and 1529 out of 2551 for C shares [3]