Group 1 - The core viewpoint of the article highlights the recent research conducted by Xiangcai Fund on Century Huatong, indicating that the company’s games launched in 2023 are achieving record highs and have not yet reached their lifecycle peak [1] - The game "Kingshot" is breaking overseas records previously set by "Whiteout Survival," suggesting a significant opportunity in the overseas market with a larger user base [1] - The company has released at least 20 products in 2023, driven by data analytics, with "DianDian" contributing approximately two-thirds of the total profit [1] - The overlap of users in overseas markets is about 20%, indicating potential for growth in international markets [1] - R&D expenses are increasing due to team expansion, but the impact of currency fluctuations is minimal [1] - The casual gaming sector is noted for its long and stable lifecycle, which, while less profitable than SLG, is still significant for the company [1] - Adjustments in mini-program commission rates are expected to impact company revenue by approximately 2 percentage points, but are beneficial for improving user retention and payment rates [1] Group 2 - Xiangcai Fund, established in 2018, currently manages a total asset scale of 8.174 billion yuan, ranking 152 out of 211 in public fund management [2] - The fund's performance is highlighted by its best-performing product, Xiangcai Xinyu Pure Bond A, which has a latest net value of 1.45 and has grown by 44.93% over the past year [2]

Core Viewpoint - The announcement details the first dividend distribution for the year 2025 from the Xiangcai Xinyu Pure 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 record date of October 10, 2025, with specific amounts allocated per fund share for two classes of the fund: - Xiangcai Zhengyu Pure Bond A (Code: 021928) has a net asset value of 1.45 yuan and will distribute 0.02 yuan per 10 shares - Xiangcai Xinyu Pure Bond C (Code: 021929) has a net asset value of 1.44 yuan and will distribute 0.58 yuan per 10 shares [1] Important Dates - The record date for shareholders to be eligible for the dividend is November 3, 2025 - The cash dividend payment date is set for November 5, 2025 - For investors opting for reinvestment of dividends, the net asset value for reinvested shares will be based on November 3, 2025, and the reinvestment share value can be checked on November 5, 2025 [1] Tax and Fees - According to regulations from the Ministry of Finance and the State Administration of Taxation, the fund's dividend distribution is exempt from income tax - There are no fees for the dividend distribution, and investors choosing the reinvestment option will also be exempt from subscription fees for the reinvested shares [1]